November 3, 2011

More bad news for iron ore, coking coal prices: world’s largest steelmaker profits halve, sees worse ahead

ZeeNews report the world's largest steel-maker ArcelorMittal on Thursday reported a dip of over 51% in net income to $659 million for the quarter ended September 30, 2011, due to…

November 3, 2011

Arcelor in South Africa suffers a meltdown

Equipment failure that put a huge dent in production and which is now the subject of a $140 million insurance claim, higher input costs as a result of increased electricity charges,…

November 3, 2011

Liontown Resources Limited secures East African iron ore opportunity in deal with African Barrick Gold plc

Liontown Resources Limited announced that it has secured the opportunity to earn up to a 70% interest in the iron ore rights on an extensive portfolio of tenements held by…

November 2, 2011

Rio Tinto boosts driverless truck fleet for use in Pilbara

World #2 iron ore miner Rio Tinto has reached a deal with Komatsu to buy 150 driverless truck over the next four years. The new trucks, which will start arriving…

November 2, 2011

Crashing iron ore prices and a rising Australian dollar send OneSteel’s stock down 18%

OneSteel (ASX:OST), an integrated steel manufacturer and iron ore miner based in Australia, dropped 18% to 98.5 cents a share after the company gave a gloomy financial forecast as it…

November 1, 2011

Mining sectors effective tax rate dwindles

November 1, 2011

Eurasian Natural Resources Corporation PLC standardises globally on Gemcom Mining Software Solutions

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 1, 2011) - Gemcom Software International Inc., the largest global supplier of mining software solutions, today announced that Eurasian Natural Resources Corporation PLC (ENRC) will…

October 31, 2011

Australian mining tax could get poisoned by coal seam gas

Australia's new mining tax is being held up in the legislature by independents who want more controls on coal seam gas. Sydney Morning Herald reports that two independents MPs, Tony…

October 31, 2011

The new Steel Silk Road

The Silk Routes, collectively known as the "Silk Road", refer to a 7000 mile network of interlinking trade routes that were used for three millennia.

October 31, 2011

Zanaga Iron Ore Company shares rise on completion of engineering report

Based in The Republic of Congo, Zanaga is focussed on managing, developing and constructing a world class iron ore project capable of mining, processing, transporting and exporting 45 Mtpa of…