August 19, 2011

Labrador Iron Mines loses $4.7-million in Q1 2012

Labrador Iron Mines Holdings Ltd. has filed its unaudited financial statements and management's discussion and analysis for the first quarter of fiscal year ending March 31, 2012. The documents are…

August 19, 2011

Japan July crude steel output almost flat

Japan's crude steel output was almost flat in July from the previous month, as the strong yen hurt steel exports while carmakers ramped up production following a post-quake slump. Crude…

August 19, 2011

Mining giant: Profit up 80 per cent

Fortescue Metals Group has almost doubled its full year net profit to $US1.02 billion ($A984.7 million) and declared its maiden final dividend amid strong iron ore demand.

August 19, 2011

Global Economic woes weigh heavily on revival in European steel market

Steel market has been expectant of a revival in European and MENA region after the summer and Ramadan holidays. Aspirations for the revival are based on absence of buying in…

August 18, 2011

In Sierra Leone youths riot over iron ore

Police in Port Loko have confirmed that dozens of youths were arrested at the Sanda Magbolotor Port Loko district, including a Councillor and the driver of a Member of Parliament…

August 18, 2011

Renova in talks to buy Ukrainian metals assets

Kommersant cited unidentified people close to the matter as saying that Mr Viktor Vekselberg Russian billionaire Renova Group is in talks to buy metals assets of Viktor Pinchuk EastOne LLC.

August 18, 2011

Kazakhstan crude steel production in Jan to Jul up 21%

According to the State Statistics Committee of Kazakhstan, in January to July of the current year Kazakhstan produced 2.926 million tonnes of crude steel up by 21.4%YoY.

August 18, 2011

China wants to break grip of iron ore big three with West Africa projects

China, the world's largest consumer of iron ore, aims to develop and control resources, especially in west Africa, to gain a foothold on supply and tackle the hegemony of three…

August 18, 2011

Forrest faces complaint on sex claims

Mining magnate Andrew Forrest's comment that young Aboriginal girls in the Pilbara are offering men sex for cigarettes has prompted a complaint to Australia's human rights watchdog. Five women from…

August 18, 2011

Black Iron: Forbes and Manhattan’s next big iron ore play

Black Iron (TSE:BKI) is an emerging Canadian iron ore exploration and development company advancing its 100% owned Shymanivske Project in KrivoyRog, Ukraine. While the company’s core focus is currently with…