November 24, 2011

South Africa regrets privatizing steel giant decades ago as it embarks on $100 billion infrastructure programme

Expressing regret that South Africa had sold off its steel-producing state-owned enterprise (SOE), Iscor, Public Enterprises Minister Malusi Gigaba said that government may enter the steel production industry through the…

November 23, 2011

Mitsubishi buys out partner in Australia iron ore project

Japan's Mitsubishi Corp has agreed to buy its partner Murchison Metals' stakes in an iron ore development and a port and rail project in Western Australia for A$325 million ($315…

November 23, 2011

Great Lakes iron ore trade up 13% in October

The Maritime Executive reports iron ore shipments on the Great Lakes totaled 5.7 million tons in October, a decrease of 11 percent from September, but an increase of 13 percent…

November 23, 2011

Vale CEO seeks major reorganization of executive board‎

Fears over the direction of Vale, the world’s biggest miner of iron ore by volume, renewed this morning as the company’s CEO Murilo Ferreira announced late on Monday that he…

November 23, 2011

Vale’s $2.3 billion white elephant: Chinese don’t want huge iron ore carriers

They were supposed to be the vessels that will ferry iron ore from the world's largest exporter to the world's largest customer of the crucial steelmaking ingredient. Instead, Vale's new…

November 23, 2011

Micromine software solution installed at Tayan Nuur

Mining software and solutions provider Micromine has been contracted by Altain Khuder LLC to supply and install its mine control and management reporting solution, Pitram, at the Tayan Nuur iron…

November 22, 2011

Teck, Vale make changes at the top

Boardroom chairs are being shifted at two large diversified mining companies, Vancouver-based Teck Resources and Brazilian powerhouse Vale SA, the world's second largest miner. Teck announced yesterday that Marcia Smith,…

November 22, 2011

West African Iron Ore Corp. phase one drilling continues to intersect high grade iron ore mineralisation and confirms potential Direct Shipping Ore

West African Iron Ore Corp (TSX-V: WAI) West African Iron Ore ("WAI" or the "Company") is pleased to report substantial intersections of near surface and sub-surface, high-grade iron ore mineralisation…

November 22, 2011

Australia’s mining tax passes biggest political hurdle

Australia’s plan to impose a 30 percent tax on its booming iron ore and coal sectors cleared its biggest political hurdle on […]

November 22, 2011

Iron Ore May Resume Fall as Demand Declines, Ord’s Arden Says

Iron ore, which has surged 24 percent this month, may resume a decline as steelmakers in China, the world’s biggest consumer, restrict output due to falling demand, according to Peter…