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…

October 31, 2011

Premier’s pitch to BHP chief

THE Olympic Dam expansion must maximise benefits for every South Australian, Premier Jay Weatherill has told BHP's chief executive Marius Kloppers.

October 31, 2011

Erdemir earnings, production surge for Q1-Q3 2011

- 13:11 GMT Location: London KEYWORDS: Erdemir , Turkey , steel Turkey’s biggest steel producer, Erdemir, has posted a 49% surge in earnings before interest, taxes, depreciation and amortisation (Ebitda)…

October 31, 2011

Turkish longs expected to sink further

Turkish longs exports, which in mid-October were touching $675/t to $690/t fob, have now sunk to levels of $655-660/t (€463-466/t) fob for rebar and $670/t fob for wire rod (mesh).