January 20, 2012

Cliffs Natural Resources to spend $1bn in 2012

Diversified miner Cliffs Natural Resources has budgeted $1-billion for capital expenditure in 2012, with more than half going into its Canadian iron-ore operations.

January 20, 2012

thyssenkrupp expects ‘significantly’ lower Q1 profit

The German steelmaking group expects to post a significant decline in adjusted first-quarter operating profit, dragged down by business in the Americas and a slowing global economy.

January 19, 2012

Africa’s growth not just a commodities story

The Australian interviews investment bank Renaissance Group founder Stephen Jennings about investing in Africa. The New Zealand-born billionaire made his money in emerging markets, specifically Russia, in the 1990s, and…

January 18, 2012

BHP sees record iron ore output

BHP Billiton (BHP.AX) (BLT.L), the world's biggest mining company, forecast record iron ore production this year after quarterly output jumped by a fifth, shrugging off predictions that growth in top…

January 18, 2012

Southeast Asia’s largest iron mine to double investment

The investor of Thach Khe iron ore mine, the biggest of its kind in Southeast Asian region, has decided to double investment in the project to ensure it is completed…

January 17, 2012

Rio Tinto iron-ore production climbs to record

Diversified resources giant Rio Tinto increased its iron-ore production to a record in the fourth quarter, as the miner pushed ahead with its expansion programme in Western Australia.

January 17, 2012

New China system hopes to break iron ore monopoly

China has launched a rival online iron ore trading platform it hopes will allow it to weaken the monopoly of Rio Tinto and BHP Billiton.

January 17, 2012

Atlas Iron flags need for 1,000 mining jobs

Atlas Iron chief executive David Flanagan says the Pilbara iron ore miner might need an extra 1,000 workers within three years to feed its expansion projects.

January 17, 2012

POSCO to pay $1.6bn to raise stake in Roy Hill Holdings

The company plans to spend $1.6 billion to expand its stake in Roy Hill Holdings, an Australian iron ore miner of which it already owns 3.75%.

January 17, 2012

Race for Australian mine assets heats up

In what is likely to be upbeat year for Australian mining M&A, some large Asian and U.S. companies are ready to bet on the country's coal, iron ore and uranium…