October 4, 2011

Hanlong buys Sundance for US1.57B

A Chinese company has made another bid to secure iron ore and other metals beyond its borders. On Tuesday Hanlong Mining said it will buy Perth-based Sundance Resources for US$1.57…

October 4, 2011

First shipment of LIM iron ore sails to China

Labrador Iron Mines Holdings Limited (TSX:LIM) is pleased to announce that the first shipment of LIM iron ore sailed today bound for China.

October 4, 2011

Karara iron ore tailings partnership delivers multiple benefits

An innovative approach to design options for tailings thickening at Karara Iron Ore Project in Western Australia has resulted in lower overall cost, reduced thickener sizes and minimized site construction…

October 3, 2011

Vale to concede 35% of Simandou to Guinea

Vale SA will likely hand over 35% of its Simandou iron ore project to Guinea. The Wall Street Journal (sub required) is reporting that Vale, one of the top three…

October 3, 2011

Mining: A great sector to play seasonal trends

The metals and mining sector offers one of the more consistent seasonal plays each year. Its period of strength is from the end of November to the end of May.…

October 3, 2011

BHP bets on China’s demand

BHP Billiton is close to kicking off spending on its huge Port Hedland capacity expansion, as it bets China's steel mills will remain hungry enough to consume up to an…

October 2, 2011

Liberia returns to iron ore market after 20 years break

The mining exercise of the iron ore. Photo | FILE | Share This Story Share With the shipment of about 6000 metric tons of iron ore, Liberia has re-joined a…

October 2, 2011

Amazon caves may block Vale iron ore mine

Vale, the world's second-largest mining company, may be unable to develop a massive new iron-ore mine in the Amazon after archeologically and environmentally sensitive caves were found at the site,…

October 2, 2011

China’s crude steel output rises 10.6 pct

BEIJING, Oct. 2 (Xinhua) -- China's crude steel output increased 10.6 percent year-on-year to 469.28 million tonnes in the first eight months, according to the National Development and Reform Commission…

October 2, 2011

Steel consumers want govt to intervene to ease iron ore supply

Steel consumer industry has urged the Government to intervene and save the downstream steel consuming industry by arranging regular supply of iron ore to the steel plants which has been…