December 15, 2011

South African court rules $89 million stake in iron ore mine wrongly awarded

A South African court has ruled that the Department of Mineral Resources wrongly awarded prospecting rights to the Sishen iron ore mine to Imperial Crown Trading 289 (ICT).

December 15, 2011

Australian exploration spending skyrocketing

Exploration for coal and iron ore has hit record highs, according to new figures from the Australian Bureau of Statistics.

December 15, 2011

Steel consumption in India dips

Although earlier predicted to grow at a CAGR of around 10% between 2010 to 2013, steel consumption in India has slumped despite the government's proactive plans to boost economic growth.

December 15, 2011

RINL scouting for iron ore, coal mines

Rashtriya Ispat Nigam Ltd (RINL) is scouting for iron ore and coal mines in Andhra Pradesh, Jharkhand, Rajasthan, Chhattisgarh, Odisha and Uttar Pradesh, according to a statement by RINL.

December 15, 2011

Matsa inks deal with Haina to develop Dundas Iron Ore Project

Matsa Resources has announced an important development in its strategy to develop its Dundas Iron Ore Project following agreement with Haina Resources Pty Limited, a subsidiary of Haina International Trading…

December 14, 2011

Hundreds pack hearing on bill affecting 1.2 billion tonne Wisconsin iron ore mine

Hundreds piled into a public hearing Wednesday on a new bill affecting a huge iron ore mine in northern Wisconsin. "Many stood against the wall and dozens more stood outside…

December 14, 2011

Iron ore inventories dip in China

Inventories of iron ore at 25 major Chinese ports dipped 0.75 percent week-on-week to 99.6 million metric tons in the week ending on December 12, according to the Xinhua-China Iron…

December 13, 2011

Afferro sells Putu stake to focus on Cameroon project

The anticipated receipt of $115-million from the sale of its interest in the Putu iron project is ‘Christmas come early’ for iron-ore miner Afferro Mining, said London-based Evolution Securities’ Charles…

December 13, 2011

Severstal to acquire 100pct of the Putu Iron Ore project in Liberia

Severstal announced that its indirect subsidiary Lybica Holdings BV has entered into a legally binding heads of terms agreement with Afferro Mining Inc and its wholly owned subsidiary Mano River…

December 9, 2011

Mitsubishi seeks new partner for Aussie iron mine – Nikkei

Mitsubishi Corp said it plans to invite Chinese and South Korean steelmakers to participate in developing the Jack Hills iron ore mine in Australia after its joint venture partner decided…