November 10, 2011

Iron ore miners pay the price of $30B expansion through higher royalties

Mega-miners BHP Billiton and Rio Tinto on Thursday learned the price of their planned expansions in the Australian Pilbara: increased iron ore royalties to the West Australian government. Sydney Morning…

November 9, 2011

Heavyweights shrug off October iron ore price crash, it’s all part of their strategy

Iron ore prices have turned around after crashing 30% in October, but longer term the outlook is not rosy for smaller players thanks in large part to the aggressive go-to-market…

November 9, 2011

Iron ore transport deal between Grängesberg Iron and the Swedish Transport Administration

Mining company Grängesberg Iron AB and the Swedish Transport Administration have signed a co-operation agreement on investigations regarding future ore train traffic between the iron ore mine in Grängesberg and…

November 8, 2011

Vale on iron ore price: after hitting 2-year low, the only way is up

Bloomberg reports Rio de Janeiro-based Vale SA, the world’s largest iron-ore producer, said prices for the raw material have stabilized and are recovering from “rock bottom” levels as a result…

November 8, 2011

Ridgemont intercepts 43% iron over 49 metres at Redford

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 8, 2011) - Ridgemont Iron Ore Corp. (TSX VENTURE:RDG)(OTCQX:RIOOF)(PINK SHEETS:RIOOF) ("Ridgemont") is pleased to announce additional assay results from the ongoing drill program on the…

November 7, 2011

Fly-in, fly-out ‘coal girls’ find rich pickings in Australia’s remote mining towns

The CourierMail reports fly-in, fly-out "working girls" travelling from as far away as New Zealand to the remote mining regions of Queensland and Western Australia are making as much as…

November 7, 2011

Port Hedland sees lower iron ore shipments in October

Iron ore shipments from Australia's Port Hedland slipped to 19.9 million tonnes in October from 20.0 million in September, according to data released by the port authority on Monday. Iron…

November 7, 2011

Evraz gets support for full London listing

The steelmaking firm has received acceptances for its proposed share swap and relocation to Britain from just over 98% of its shareholders, allowing it to proceed with a premium London…

November 7, 2011

China shelves Bohai, Yangtze River Delta steel projects – report

According to a report in the Shanghai Security News, the country has shelved plans to develop new steel projects in the Bohai and Yangtze River Delta regions but will include…

November 6, 2011

Anglo American not planning more buyouts: report

Anglo American PLC , which last week bought the Oppenheimer family out of diamond producer De Beers, will not look to buy out minority shareholders in its other African mining…