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…

October 22, 2011

Iron ore and copper reflect China’s wave of selling

Iron ore fell to its lowest level of the year and copper plunged more than 6 per cent as Chinese investors led a wave of selling across industrial commodities markets…

October 21, 2011

Mining ripping away chunks of Great Wall in rural areas

One of the Seven Great Wonders of the World is being threatened by mining. Reuters reports that legal and illegal mines operating below the Great Wall of China are tearing…

October 21, 2011

African Iron [ASX: AKI] further significant DSO drill results from Mayoko

Australian based iron ore development company, African Iron Limited (ASX: AKI) ("African Iron" or the "Company") is pleased to announce further significant direct shipping ore ("DSO") assay results from its…

October 20, 2011

Iron ore price slide unlikely to stop as China continues to sputter

The rout in industrial metals has claimed another victim: iron ore. On the same day that copper tumbled nearly 7% for its biggest slide in a month, Bloomberg reports that…

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…