October 26, 2011

China iron ore destocking could take months-Fortescue

Global iron ore prices, down nearly 30 percent since early September, could take months to recover as Chinese steel mills work off inventories, Australian miner Fortescue Metals Group said on…

October 25, 2011

Canadian iron ore project advancing

An iron ore project in northeastern Canada whose proponent is calling "the next Consolidated Thompson," has taken an important step forward. Alderon Iron Ore Corp. (TSE:ADV) announced today it has…

October 25, 2011

Significant Federal Government milestone achieved for Lincoln Minerals’ proposed Gum Flat iron ore mine on SA’s Eyre Peninsula

Lincoln Minerals Limited (ASX Code: LML) is pleased to advise that it has recently received the decision from the Commonwealth Department of Sustainability, Environment, Water, Population and Communities that the…

October 25, 2011

Arcelor dumps dearer Macarthur on Peabody

Reuters reports ArcelorMittal has pulled out of its joint $5 billion bid with US giant Peabody Energy for Australian coking coal miner Macarthur, just days after the target's top shareholder…

October 25, 2011

FairStar to spend $300 million to build mining operations at its Steeple Hill iron ore project

FairStar Resources (ASX:FAS) will spend $300 million to build a a mining operation at its Steeple Hill iron ore project in Western Australia. The company, which made the announcement on…

October 25, 2011

BlackRock sees opportunities in “oversold” mining equities

The asset manager sees big opportunities in oversold mining equities, as "valuations are at very low levels" and predicts the recent fall in iron ore prices could lead to drop…

October 24, 2011

Rio: Iron ore price drop accelerating move to shorter contracts

As the price of iron ore continues to tumble, Chinese buyers of the crucial steelmaking ingredient are backing away from quarterly contracts in favour of cheaper monthly contracts or spot…

October 23, 2011

Cancer therapy using iron ore

Helicon Group, an Australian medical company, will spend $3 million to develop a cancer therapy that relies on magnets and iron ore. Nanoparticles of iron ore are injected into a…

October 23, 2011

Barnett keen to foster mining fraternity

October 23, 2011

Hedge Funds Raise Bullish Bets Most in Two Months: Commodities

(For more commodity columns, click CMMKT.) Oct. 24 (Bloomberg) -- Hedge funds increased bullish bets on commodities by the most since August on mounting optimism the global economy will avoid…