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…

January 17, 2012

thyssenkrupp nears sale of stainless steel unit – sources

A thyssenkrupp source with knowledge of the process said Monday the debt-burdened steel group is close to selling its stainless steel unit, with a deal likely to come as early…

January 17, 2012

London Mining JV partner files $650m counterclaim

Aim-listed London Mining on Monday slammed a $650-million lawsuit by joint venture partner Wits Basin Precious Minerals as a tactic to avoid repaying its loan.

January 17, 2012

Commodities face twin macro risks in Europe, China, Morgan Stanley says

Commodity markets face the “twin macro risks” of a European recession and a hard landing in China this year, according to Morgan Stanley.

January 17, 2012

Fortescue smashes shipped ore record

Miner Fortescue Metals shipped a record 14.77 million tonnes of iron ore in the December quarter.

January 17, 2012

Record breaking tunnel will open up access for iron ore to new port in Brazil

The Porto Sudeste tunnel project in Brazil features a 20.5 m wide tunnel and will accommodate four conveyor lines to become one of the widest tunnels of its type globally.

January 16, 2012

Iron ore expected to fall in 2012 but majors keep cranking it out

The market for iron ore is likely to soften this year but industry leaders Rio Tinto and BHP Billiton are not pulling in production, betting that the slowdown in steelmaking…