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…

October 23, 2011

Iron Ore Output

Development of export is among the government’s top priority, said First Vice President Mohammad Reza Rahimi. Speaking at a ceremony to mark National Export Day in Tehran’s International Fairground, he…

October 23, 2011

Miners reject local content rules

AUSTRALIA'S miners continue to reject calls for reforms to mandate local content requirements, arguing that the sector already supports domestic manufacturing at a high rate. Gindalbie Metals, which is developing…

October 23, 2011

Basic commodities reserve enough for another 4 months, says official

The strategic reserves of Egypt's basic commodities are enough for the next four months, said an official source on Sunday. Ahmed Fatahy Abdel Aziz, head of the Control and Distribution…

October 22, 2011

Rio Tinto to close innovative fund helping urban Aborigines

AFTER almost 16 years financing groundbreaking projects to fight indigenous social disadvantage around the country, Rio Tinto will shut down its Aboriginal Fund. The move has shocked many indigenous leaders,…

October 22, 2011

Mining companies on the rampage in south-west Australia

Australia’s south-west is the only part of the country internationally recognised as a biodiversity hotspot. It is also a major agricultural area. The south-west town Margaret River is one of…

October 22, 2011

Rio said to be looking at 1bn Portuguese iron ore project

Sources are reported as saying that mega miner Rio Tinto is looking at reopening Portugal's Torre de Moncorvo iron ore mines in the country's north. Mining giant Rio Tinto is…