September 21, 2011

Global miner Rio Tinto says customers asking for commodities shipment delays

Global mining giant Rio Tinto plc says some of its customers are asking the company to delay shipments of iron ore and other metals as the global economy slowdown is…

September 21, 2011

Macarthur Minerals increases its Snark and Drabble Downs direct shipping hematite mineral resource by 46% to 14 million tonnes

Macarthur Minerals Limited (TSX VENTURE:MMS)(OTCQX:MMSDF) ("the Company") is pleased to advise of a 46% increase in the Hematite Goethite Mineral Resource estimate for its Snark & Drabble Downs potential DSO…

September 21, 2011

Indian iron ore corruption scandal spreads to Goa

The Hindustan Times reports that Goa's mining minister, Digambar Kamat, is being accused by the BJP party and members of his own party for participating in illegal mining. The website…

September 21, 2011

BHP’s China sales jump, but weaker growth a risk

China's position as the world's economic engine is being reinforced as expectations for growth in developed markets wane, but so is the risk a decline in its appetite for metals…

September 21, 2011

BHP chief’s pay rises to $US11.6 million

BHP Billiton chief executive Marius Kloppers’s annual pay grew by 8.5 per cent in the last financial year, to $US11.6 million ($11.37 million). The pay rise (in US dollars) came…

September 20, 2011

Rio on track to mine 240m tonnes of iron ore; analyst downplays oversupply concerns

An $85 billion expansion of the iron ore industry in Australia will not depress the price of the crucial steelmaking ingredient because the major producers will simply curtail their outputs.…

September 20, 2011

Rio Tinto senses a shift in mood

Despite order books that are full and robust commodity prices, Rio Tinto says that customer sentiment is now more cautious and physical markets are softer than they were six months…

September 20, 2011

Altius and Century Iron Mines sign principal and royalty agreements on four Labrador Iron Ore properties

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwire - Sept. 20, 2011) - Altius Minerals Corporation (TSX:ALS) ("Altius") and Century Iron Mines Corporation (TSX:FER) ("Century") are pleased to announce that they have signed…

September 19, 2011

Indian state may equip mining trucks with RFID tags to tackle illegal mining

The Indian state of Goa is looking to technology as a way to prevent the illegal transport of iron ore. The Times of India reports that the Goa government is…

September 19, 2011

Century Iron Mines Corporation to Trade on TSX Under Symbol "FER"

Century Iron Mines Corporation ("Century Iron" or the "Company") (TSX:FER) is pleased to announce that its common shares will commence trading on the Toronto Stock Exchange at the opening of…