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…

August 12, 2011

Iron ore stockpiles fall at China’s ports

Iron ore stockpiles at China's 30 major ports fell 0.64 percent week-on-week to 94.74 million tons on Aug. 12, including 13.06 million tons of Indian iron ore stockpiles which fell…

August 12, 2011

Iron ore production down 4.81 pc in FY’11

Production of iron ore, a vital steel-making raw material, in the country fell by 4.81 per cent in 2010-11 to 208.11 million tonnes (MT), Parliament was informed today.

August 12, 2011

Singapore launches iron ore futures contract

Singapore Mercantile Exchange (SMX), the first pan-Asian multi-product commodity and currency derivatives exchange, today announced that the world’s first Iron Ore Futures Contract on a global platform, settled based on…

August 12, 2011

Macmahon awarded mining contracts worth $90m

PERTH (miningweekly.com) Contract miner Macmahon Holdings on Friday reported that it had been awarded $90-million worth of mining contracts, including work on diversified miner BHP Billiton’s Wheelarra mine. Under its…

August 12, 2011

Noble wrapping up acquisition of Territory

Commodities trader Noble has reached a 90.5% ownership of ASX-listed Territory Resources, allowing it to proceed with the compulsory acquisition for the outstanding shares in the iron-ore miner.