September 18, 2011

India coal deal takes Rinehart a step closer to $100 billion personal fortune

India infrastructure giant GVK on Saturday said it would pay $1.3 billion for Australia's Hancock Prospecting coal, rail and port projects and spend a further $10 billion developing them as…

September 17, 2011

China daily crude steel output hit 2011 low in August

According to latest statistics China crude steel production hit 58.752 million tonnes in August 2011, up 13.8%YoY. Daily production set a year to date new low of 1.8952 million tonnes,…

September 17, 2011

Iron ore probe judge says exports eat away India’s national wealth

Sify reports rampant extraction of iron ore for export was steadily eating away India's national wealth, retired Supreme Court judge M.B. Shah, who heads a commission probing illegal mining in…

September 17, 2011

Shanghai rebar futures hits over one month low

Reuters reported that Shanghai rebar futures fell again recently hitting the lowest level in over a month, shrugging off gains in other broader markets as worries about the euro zone…

September 16, 2011

Western Africa sees $36.2 billion mining rush, an Industrial Info News Alert (MRW)

SUGAR LAND, TX -- (MARKET WIRE) -- 09/16/11 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- The international commodities boom, fueled by Asia's growing economies, has caused a…

September 16, 2011

Turkish stainless flat steel in July imports up by 8pct MoM

According to the data provided by the Turkish Statistical Institute, in July this year Turkey's stainless flat steel imports rose 7.9% compared to the previous month increasing to 25,478 tonnes.…

September 16, 2011

Chinalco sees Oct. 2013 start at $2.2 bln Peru mine

China's Chinalco started construction on its $2.2 billion Toromocho Peru mine in May and it should be ready to operate in October 2013, the company said on Thursday. Chinalco has…

September 16, 2011

WA mining jobs grow as manufacturing haemorrhages staff

Western Australia’s manufacturing sector is losing nearly 150 jobs per day as workers chase high wages in mining.

September 16, 2011

Iron ore shortage severely impacted production: JSW

JSW Steel today said shortage of iron ore had "severely impacted" its production this month and the company was running units at 75% capacity.

September 16, 2011

MEG calculates $17 billion spent on non-ferrous exploration in 2011

Preliminary estimates from Metals Economics Group’s (MEG) Corporate Exploration Strategies (CES) study indicate that 2011 nonferrous exploration budgets will exceed $17 billion for expenditures related to precious and base metals,…