August 5, 2011

1.5 crore worth illegal iron ore seized

About 2,000 metric tonnes of iron ore valued at about Rs 1.5 crore were seized today by officials of the Forest and Police departments at Sandur in the district today.

August 5, 2011

India allows iron ore mining in Bellary by NDMC

India's Supreme Court allowed on Friday state enterprise NMDC to operate its two mines for production of iron ore in Karnataka's Bellary district following the iron ore scandal that ended…

August 4, 2011

Talon Metals: Iron ore project in Brazil now estimated at a billion tonnes

Talon Metals has cranked up the resource estimate for its Trairão iron ore project in Brazil by 60%, the company said today, which puts the inferred resources at over a…

August 4, 2011

Rio Tinto investors wake up Thursday $10 billion poorer

Rio Tinto reported a surge in profits due to strong demand in Asia and higher metals prices on Thursday but shares in the company spiked lower in New York, opening…

August 3, 2011

Google says Australia’s internet is worth as much as its iron ore – they may want to check with Gina Rinehart first

The internet is fast growing into one of the Australia's strongest economic drivers, with a new report commissioned by search giant Google showing it had contributed more than $50 billion…

August 2, 2011

Australia push for third Pilbara line

Atlas Iron managing director David Flanagan says just 12 million tonnes of annual iron ore production is needed to underpin construction of a third Pilbara railway line running into Port…

August 2, 2011

Rio tipped for $7.3bn profit

Cashed-up Rio Tinto is expected to post a first-half net profit of more than $US8 billion, driven by prices of iron ore, aluminium and copper. The earnings season gets into…

August 2, 2011

Australia’s Beijing bind

Australia's Treasurer Wayne Swan may soon have another foreign investment headache on his hands, as a Chinese entrepreneur says he has Beijing's backing to step around Australian investment rules and…

August 1, 2011

African Minerals jumps 7% after $1.5 billion China injection

African Minerals Ltd., closed up 7.1% in London on Monday after completing an investment accord with Shandong Iron & Steel Group Co bringing the counter's gains for the year to…

August 1, 2011

Indian companies deny allegations in $3.6 billion iron ore scam report

Platts reports Monday three of the 40 companies named last week in a Rs160 billion ($3.56 billion) iron ore anti-corruption probe report in India have denied all allegations of wrongdoing.…