September 13, 2011

Vale’s borrowing costs hit record high as Brazil doubles mine royalties

The cost of borrowing for Brazil's Vale has risen to record highs relative to competitors BHP Billiton and Rio Tinto, as the Brazilian government looks to reap more in mining…

September 13, 2011

China’s plan for fewer mines and bigger mines

China plans to dramatically consolidate the number of mines in its country, according to Caterpillar (NYSE:CAT) and a study by MCCM. And China also wants its mines to be a…

September 13, 2011

Anglesey Mining: Associate Labrador Iron Mines to list on S and P/TSX SmallCap Index

Anglesey Mining ( LON:AYM ) revealed today that its 33 percent associate Labrador Iron Mines ( TSE:LIM ) has been added to the the S&P/TSX SmallCap Index. The move will…

September 13, 2011

Chongqing Steel posts increased crude steel output for Aug

Chongqing based Chinese steel maker Chongqing Steel produced 524,800 tonnes of crude steel in Aug this year, an increase of 15.67% compared to Jul and rising by 72.7% year on…

September 13, 2011

Ignace likely home for iron ore processing

The privately-held, First Nation family-owned company wants to develop an open pit mine which will create 700 construction jobs within two years and 300 permanent mine and processing jobs.

September 13, 2011

Aluminum threatens to overtake steel in auto manufacture

Industry Week reports that according to the Aluminum Association, the use of aluminum in automobiles has the potential to reach record highs by 2012. Steelmakers have led the way to…

September 12, 2011

LIM Added to S&P/TSX SmallCap Index

TORONTO, ONTARIO--(Marketwire - Sept. 12, 2011) - Labrador Iron Mines Holdings Limited (TSX:LIM) 2011 is pleased to announce that Labrador Iron Mines Holdings Ltd. has been added to the S&P/TSX…

September 12, 2011

Auryx Gold Corp discovers massive iron oxides at the Otjikoto Gold project, Namibia

TORONTO, ONTARIO--(Marketwire - Sept. 8, 2011) - Auryx Gold Corp. ("Auryx" or the "Company") (TSX:AYX)(NSX:AYX) is pleased to announce the discovery of two distinct zones of massive iron-oxides ("Fe-oxides") overlying…

September 11, 2011

China’s August iron ore imports gain 8 pct from July on demand

China, the world’s biggest buyer of iron ore, boosted purchases 8.3 percent in August to the highest in five months as demand and prices rose. Imports totaled 59.09 million metric…

September 11, 2011

Afghanistans Hajigak iron ore deposit draws bids from India, Iran, Canada

Bloomberg09/07/2011By - Afghanistans richest iron-ore deposit drew bids from an Indian government-backed group, two Iranian contenders and Canadas Kilo Goldmines Ltd. (KGL), an Afghan official said. Hajigak Iron Ore in…