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…

January 16, 2012

Alderon announces closing of $40 million strategic investment

Alderon Iron Ore Corp. (TSX:ADV)(OTCQX:ALDFF) ("Alderon") is pleased to announce that it has closed a C$40 million strategic investment from Liberty Metals & Mining Holdings, LLC ("LMM"), a subsidiary of…

January 16, 2012

China launches first physical iron ore trading platform

The country hopes the new platform will help strengthen its pricing power and wrest control from Vale, BHP Billiton and Rio Tinto, which between them control three quarters of global…

January 15, 2012

Vale’s 350,000 Ton Cargo of Iron Ore to Be Auctioned to the Highest Bidder

Brazilian iron ore producer Vale SA (VALE) will likely wait until the end of the Lunar New Year to sell a massive cargo of iron ore that was delivered into…