November 6, 2011

Indian steel companies shares shoot up on panel nod for mining

The share prices of steel companies shot up sharply in response to an interim relief provided by the Central Empowered Committee which cleared 24 applications for re commencing mining operations…

November 4, 2011

China economy slowing visibly: Rio Tinto chief

China's economy is "slowing visibly", the chairman of mining giant Rio Tinto said Friday, but he expressed confidence that it will prove resilient to any sharp correction in other major…

November 3, 2011

South Africa’s mines minister finds the nationalization horse bolted

South Africa's mineral resources minister Susan Shabangu is on a road show in Australia and the UK to quell fears of mine seizures and drum up new investment for the…

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…