September 23, 2011

China’s Sichuan Hongda signs $3bn Tanzania coal, iron deal

China's Sichuan Hongda has signed a $3-billion deal with Tanzania to mine coal and iron-ore in the resource-rich east African country, local media said on Thursday.The investment involves construction of…

September 23, 2011

New pig iron technology demonstration plant now running in Brazil

Brazilian diversified mining group Vale, the world’s second largest miner in terms of market capitalisation, has announced that it has started up a demonstration plant to test and further develop…

September 23, 2011

WA Premier won’t extend Oakajee deadline

PERTH (miningweekly.com) - Western Australian Premier Colin Barnett reportedly refused to extend a December 31 deadline for a final decision on the development of the multi-billion-dollar Oakajee port and rail…

September 22, 2011

Big 3 profits threatened as iron ore to begin first price drop since 1982

Iron ore's 20-year price run is likely to come to an end in the next three years, according to new data from Bloomberg, with a surge in supply set to…

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.…