November 29, 2011

Rio to push growth of its iron ore empire

Sam Walsh, CEO of the iron ore division at Rio Tinto, has announced a further increase for its capacity target, of 20 million tonnes.

November 28, 2011

BHP Billiton announces changes to its senior management team

BHP Billiton announced changes to its senior management team: Alex Vanselow, Group Executive and Chief Financial Officer, will retire from BHP Billiton at the end of February 2012. He will…

November 28, 2011

Sniffing economic winds, Vale cuts capex

Brazilian mining conglomerate Vale, the world's leading iron producer, reduced its spending budget by 11 percent for 2012 in the face of an uncertain outlook for the global economy and…

November 28, 2011

Indian consortium and Canadian firm awarded big Afghan iron ore contract

A group of Indian companies and Canada's Kilo Goldmines Ltd. (CVE:KGL) have been awarded the contract to mine the Hajigak iron ore deposit in Afghanistan. MINING.com reported Nov. 19 that…

November 28, 2011

BHP expects China’s steel output to hold at below-average levels

Global miner, BHP Billiton, expects steel output in China to continue at current rates, below historical highs, for some time. "When we talk to our Chinese customers there is not…

November 27, 2011

Brazilian mining giant cuts ties with pig-iron producer over deforestation

Brazilian mining giant Vale has cut ties with a pig-iron producer linked to illegal deforestation, reports Reuters.

November 27, 2011

Mokopane iron ore project is a world class asset – Obtala

It is reported that Obtala Resources, the natural resources investment and Development Company has confirmed the presence of robust vanadiferous titanomagnetite mineralization averaging between 40 and 50 metres in thickness…

November 25, 2011

Fortescue slams aboriginal heritage survey claims

Fortescue Metals Group has hit out at the claims it forced the change of an Aboriginal heritage survey and damaged sacred indigenous sites, stating that it is part of a…

November 25, 2011

Russian steelmaker buys Australian iron ore prospect for A$554 million

Investors are wondering why Russian steel-maker Magnitogorsk Iron and Steel Works is buying Flinders Mines (ASX:FMS) for A$554 million. Flinder's main asset is the Pilbara iron ore project, a 917.3Mt…

November 25, 2011

SAIL cuts India’s steel demand outlook by 6 pct

India’s steel demand is likely to grow by 6 per cent in the current fiscal year, nearly half the earlier forecast, as higher interest rates squeeze demand from the automobile…