October 20, 2011

Outokumpu to cut 1 in 6 workers on gloomy steel outlook

Reuters reports Outokumpu said it expected to report a significant operating loss in its final quarter as weak demand and prices continued to hit margins forcing the stainless steel maker…

October 19, 2011

Rio targetting 2015 for first iron ore from Simandou

Rio Tinto said it expects its Simandou iron ore project in Guinea to begin producing by mid-2015. The company has approved $211 million in continuing studies and $1.12 billion to…

October 19, 2011

BHP iron ore production hits quarterly record

BHP Billiton (NYSE:BHP) had a record quarter for iron ore production, the company announced today, with shipments from Western Australia reaching 173 million tonnes, a 28% increase over the same…

October 18, 2011

Iron mine would have big impact on Baffin region, says QIA

The Qikiqtani Inuit Association says Baffinand's draft environmental impact statement is "flawed" as it found no significant negative impacts from the Mary River project.

October 18, 2011

China steel mills force Vale to bend over iron ore pricing

The world's number one iron ore producer Vale is considering shifting from iron ore pricing based on the previous quarter’s prices to levels more aligned with the spot price the…

October 18, 2011

Chinese slowdown worrying for iron ore miners

GROSS domestic product data released today showed a slowing in Chinese growth, which could lead to lower demand for iron ore.

October 18, 2011

Central Steel nixes $264M offer: banker

KEYWORDS: Central Steel & Wire , Samuel Son , purchase offer , Edelman & Co Canadian metals distributor and metal products manufacturer Samuel, Son & Co. Ltd. has withdrawn a…

October 18, 2011

BHP Billiton approves USD 1.2 Billion for First Phase of Olympic Dam Project

BHP Billiton has approved USD 1.2 billion in pre-commitment capital for the first phase of the Olympic Dam Project to develop an open pit mine in South Australia. The funding…

October 18, 2011

Bosnia Railway Strike May Halt Arcelormittal SA Production In Serb Republic-Reuters

October 17, 2011

Ecometals Limited Announces Closing of a Share Placing and Loan Financing as Well as an Extension to the Closing of Sale of Serra Do Navio Manganese Project

Ecometals Limited (the "Company") (TSX VENTURE:EC)(FRANKFURT:GDQ)(BERLIN:GDQ) is announcing today the closing of a private placement (the "Offering") raising gross proceeds of CDN$130,000 whereby 650,000 units of securities of the Company…