December 30, 2011

Slowing China Means Ore-Ship Rates at Lowest in Decade: Freight

The weakest growth in demand in at least a decade for shipments of iron ore, the second-biggest commodity cargo after crude oil, means rates for the largest vessels will plunge…

December 29, 2011

VTB Bank buys iron ore stake

Russia's second-largest lender VTB has bought a 20 percent stake in Metalloinvest, the country's largest iron ore miner part-owned by Alisher Usmanov, one of Russia's richest men.

December 29, 2011

First iron ore shipment from new mine in Australia

Mount Gibson says it has sold the first shipment of iron ore from its Extension Hill mine in the mid-west of ...

December 29, 2011

Goa’s iron ore continues crossing borders suspiciously

Goa's mining industry, in the last six months, has reported almost 10 per cent of its Iron ore being exported under doubtful circumstances despite being under strict surveillance for illegal…

December 29, 2011

Metals – Brazil – Vale’s Chinamax vessel starts unloading its first iron ore in China

Brazillian firm Vale's (NYSE: VALE) Chinamax vessel started unloading its first iron ore in China on Wednesday after months of uncertainty on accessing its largest market's ports, news service Exame…

December 29, 2011

Sale of Putu Iron Ore Project

Afferro signs definitive sale and purchase agreement to divest interest in the Putu Iron Ore Project for a minimum of US$115 million cash consideration.

December 29, 2011

Legacy Iron Ore acquires 60 pct of Hawthorn

IBTimes reported Legacy Iron Ore (ASX:LCY) is poised to acquire a 60 per cent control in Hawthorn Resources (ASX:HAW).

December 29, 2011

Monadelphous awarded iron ore construction contract

Monadelphous Group has received a notice of award for a contract with BHP Billiton Iron Ore for construction works at its Port Hedland Inner Harbour Project at Finucane Island and…

December 28, 2011

W. Australia looks to China for iron ore project

Western Australia invited China to invest in a A$5.94 billion (US$6 billion) port and rail project that aims to open up a new iron ore province in the state's Mid…

December 27, 2011

Japan Q1 crude steel demand seen at near 2-yr low

Japanese demand for crude steel is expected to fall 6.2 percent from a year earlier to an almost two-year low of 26 million tonnes in the January-March quarter, as a…