August 13, 2011

Ausdrill wins USD 75 million contract from FMG

Ausdrill said that it is set to win a three year, USD 75 million contract with Fortescue Metals Group covering its Solomon iron ore project in the Pilbara.

August 13, 2011

Taiwan iron and steel export value in July up by 12pct

According to the statistics released by the Taiwan ministry of finance, Taiwan's iron and steel exports value in July this year amounted to USD 1.76 billion, increasing by 12.2% compared…

August 13, 2011

Indian iron ore mining mess – Over 40 mines operating in Goa sans mandatory permits – PAC

The Public Accounts Committee constituted by the Goa State Legislative Assembly has collected data, which confirms that large quantity of ore was tapped by firms without proper mining permissions in…

August 13, 2011

Commodities to extend gains, say GCM Worldwide

Retail sales in the U.S. climbed 0.5 percent in July, the most in four months, following a 0.3 percent increase in June that was larger than previously estimated, GCM Worldwide…

August 13, 2011

Rusal plans to export 240000 tonnes of alloys for automotive industry in 2011

Interfax reported that UC Rusal plans to export 240,000 tonnes of primary foundry alloys in 2011 for the automotive industry. Those exports about to roughly 24% of Rusal total expected…

August 13, 2011

China demand for resources to rise

China will need large quantities of Australian raw materials as its industrialisation and urbanisation race ahead, despite concerns about weak global economic conditions, Australian Trade Minister Craig Emerson said on…

August 12, 2011

Kazakhstan could offer investors mining riches

Think of Kazakhstan and thoughts might immediately turn to Borat.

August 12, 2011

Tata Steel Q1 profit soars on one-off gains

Mumbai - India's Tata Steel on Friday reported quarterly net profit nearly tripled, led mainly by a one-time gain from a stake sale, and voiced concern about weakening markets in…

August 12, 2011

Dumb and dumber

Europeans came up with a Band-Aid for the Greek crisis, and the markets applauded.  Markets were buoyed by the fact the facilities […]

August 12, 2011

Elenilto and Sesa Goa to invest $2.6bn for Western Cluster

Indian firm Sesa Goa and Elenilto Minerals & Mining are planning to invest more than $2.6bn in Liberian iron ore firm Western Cluster. Elenilto Minerals & Mining will invest $77m…