August 28, 2011

Mining in Africa and the new `Great Game’

Australian companies are now the third-largest spenders on exploration in Africa after South African and Canadian companies, according to two economists from Australia's Export Finance and Insurance Corporation (EFIC).

August 28, 2011

POSCO quickens expansion in Chinese market

South Korean steel giant Pohang Iron and Steel Co Limited or POSCO has quickened its expansion in China and bet heavily on the populous market in recent years.

August 27, 2011

Could Glencore become an iron ore miner?

Could the world's largest commodity trading firm dirty its hands by becoming an iron ore miner? The answer, according to a report this week in Marketwatch, is a strong maybe.…

August 27, 2011

Sesa Goa stops iron ore mining in Karnataka

Sesa Goa, a Vedanta Group company, has stopped iron ore mining at Chitradurga in Karnataka. The Supreme Court on Friday had banned mining activities at Chitradurga and Tumkur districts. A…

August 27, 2011

Indian investment in Hajigak iron ore mine in Afghanistan

Mr Dinsha Patel, Minister of State for Mines, informed the Lok Sabha that the government of Afghanistan has invited offers for commercial exploitation of Hajigak Iron Ore Deposit through the…

August 26, 2011

Severstal eyes iron ore, coal assets in Africa, Russia

Russian steelmaker OAO Severstal's Chief Financial Officer said Friday the company is interested in iron ore projects in Africa and coking coal projects in Russia and former Soviet Union countries.

August 26, 2011

Afferro files new 43-101 technical report on Putu iron ore project

Afferro Mining, the TSX-V / AIM listed exploration and development company with iron ore projects in Cameroon and Liberia, announces the filing of a technical report pursuant to National Instrument…

August 25, 2011

Iron ore price scales $180/tonne to within reach of record highs

FT reports iron ore prices hit a three-month high above $180 a tonne on Thursday as supply outages and strong demand from China underpinned the steelmaking commodity. Started in 2008,…

August 25, 2011

Siemens and Outotec to build pellet plant in Russia

NLMK Group's subsidiary Stoilensky has awarded a €280m contract to a consortium of Siemens VAI and Outotec for the construction of an iron pellet plant at Stoilensky, Russia.

August 25, 2011

Atlas keeps costs in check and maps out bright future

Atlas has bucked the inflationary trend in Western Australia by meeting its cost targets on the way to a maiden profit of $169 million. The iron ore exporter kept production…