August 23, 2011

IRC posts first profit as iron ore sales begin at Russia mine

IRC Ltd, a Hong Kong-listed iron ore company mining in Russia, posted its first profit after starting sales from its Kuranakh mine and prices for the steelmaking raw material advanced.…

August 23, 2011

BHP throws BlueScope workers a lifeline

BlueScope Steel has been slammed after paying execs millions of dollars in bonuses as it lays off workers. Australia's biggest company is keen to hire workers sacked by BlueScope Steel.

August 23, 2011

Push for Gulf iron ore mine gathers momentum

Western Desert Resources has taken another step toward developing an iron ore mine in the Gulf country of Australia's Northern Territory.The company is proposing an open-cut iron ore operation in…

August 23, 2011

Taiwanese stainless steel imports up by 13% in July

Taiwan has imported 79,396 tonnes of stainless steel in July 2011, up by 6% MoM from June 2011. Also, the average import prices of stainless steel increased by TWD 1,524…

August 23, 2011

Chinese stainless steel capacity to reach 20 million tonnes by 2015

Data from research firm Beiging Antaike Information Development Co showed that there are two stainless steel projects will soon bring another 5 million tonnes of crude stainless steel over the…

August 23, 2011

Global crude steel output in July 2011 up by 11pct YoY

World crude steel production for the 64 countries reporting to the World Steel Association was 127 million tonnes in July 2011. This is 11.5% YoY higher than July 2010.

August 23, 2011

Gulfside acquires three iron ore projects

Robert L. Card, President of Gulfside Minerals Ltd. ("Gulfside" or the "Company"), is pleased to report that the Company has acquired, subject to TSX Venture Exchange ("TSXV") approval, an option…

August 23, 2011

BHP rules with iron fist

Mining giant BHP Billiton has defended as "effective" its strict office etiquette policy, which bans workers from eating pungent food, throwing jackets on their chairs or leaving Post-it notes on…

August 22, 2011

SOS to WA mine sector

WA's resources sector has been issued an SOS from the nation's steel and manufacturing industries to ramp up investment in Australian products to prevent thousands of more jobs going offshore.

August 22, 2011

WPG Resources gets rid of Peculiar Knob for $346 million

OneSteel Ltd has bought iron ore assets in South Australia including Peculiar Knob from WPG Resources Ltd for AUD 346 million, as it focuses more on iron ore exports.