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…

December 1, 2011

Northland Resources up 4.9% after Norwegian officials approve Narvik iron ore terminal construction

Northland Resources S.A. (NAU.TO) is nearly 5% higher today at $1.29 a share after local officials in Narvik, Norway, approved a construction permit allowing the company to begin work on…

December 1, 2011

BHP Billiton strategy: get big or get out

BHP Billiton’s avowed strategy is to only pursue enormous Tier 1 investment opportunities such as Pilbara iron ore and Bowen Basin coal. It comes as no surprise then to see…

December 1, 2011

China eyes bigger role in iron ore pricing and hedging

China plans to launch an iron ore swaps business and a physical iron ore trading platform are a clear sign of its desire to take on a bigger role in…

December 1, 2011

Magnitogorsk’s assets partly frozen in iron-ore dispute

OAO Magnitogorsk Iron & Steel, controlled by billionaire Victor Rashnikov, had some of its Australian assets including a stake in Fortescue Metals Group, frozen under a court order sought by…

November 30, 2011

Stocks rally, lifting commodities

North American stock exchanges are on a tear today after central banks made more funds available to lenders, giving investors hope for a way out of the European debt debacle.…

November 30, 2011

Iron ore prices fall to three-week lows

Offer prices for iron ore dropped to three-week lows, reports Reuters, with steelmakers in top producer China mostly staying out of the market amid thin demand. Despite the low steel…

November 30, 2011

Baosteel, CRCC to jointly explore Guinea an iron ore mine

Baosteel Group, the parent of Baoshan Iron and Steel, and China Railway Construction Corporation (CRCC) have signed an agreement to jointly participate in the exploration of an iron ore mine…