December 7, 2011

Brawl brews over Sheini Hills iron ore mines

A long legal battle is looming over who has the right to mine iron ore in the Sheini Hills at Zabzugu-Tatale in the Northern region of Ghana.

December 6, 2011

With super-carrier disabled in its port Vale’s shipping strategy is keel hauled

The Vale Beijing, the globe's largest bulk carrier, is disabled in a Brazilian port and shipping agents tell Reuters the vessel had ruptured its hull. If the $110 million vessel…

December 6, 2011

The top 3 commodities plays for the biggest profits in 2012

A commodity is something that has universal definition and demand. Everyone knows what food is, and everybody wants it. Nearly everyone in the world knows what gold is, and nearly…

December 4, 2011

Report says half of China iron ore miners stop producing because of cheap imports

Interfax-China reports that about half of China iron ore miners – mainly small and medium-sized firms – have suspended production in the face of dwindling profit margins.

December 4, 2011

Rio Tinto chief: one more year of $120-plus iron ore – then it’s over

Tom Albanese says "assumptions that the floor price would not go much below $120 a tonne might be valid next year but not long beyond that."

December 2, 2011

Iron ore prices fall 11% in a week on slow Chinese demand

Iron ore prices declined 11 per cent in the past week due to a drastic decline in demand from China, the world’s largest consumer of the steelmaking raw material.

December 2, 2011

Goldman says commodities to rally in 2012

Goldman Sachs Group forecast that commodities may rally 15% in the next 12 months, sticking with an “overweight” recommendation on raw materials and predicting Brent crude may surge to highest…

December 2, 2011

Profit-sharing plan at South African mine changing workers lives

As workers in South America and Indonesia strike for better wages and to receive more of a share of mineral wealth wrought by rising copper prices, a mine in South…

December 2, 2011

Cap-Ex Ventures announces private financing for $10.2 million

Cap-Ex Ventures announced this morning a non-brokered private placement financing for the sale of 12 million units at $0.85 cents per unit for total gross proceeds of $10.2 million. Each…

December 2, 2011

London Mining starts Sierra Leone ore output

U.K.-listed London Mining PLC said Friday it has started production of high grade iron ore from its Sierra Leone Marampa project and expects to ship its first iron ore later…