August 6, 2011

Iron ore imports in China’s Heilongjiang Province double, price up 41%

According to the local customs authorities, in the first half of this year the iron ore imports of China's Heilongjiang Province reached 2.507 million mt, which is 1.2 times the…

August 6, 2011

Rio Tinto inks deal with Indian giant Jindal for new steel-making technology

Green Car Congress reports Rio Tinto has signed a deal with with the India's Jindal Steel and Power, part of the $15 billion Jindal group, to develop and commercialize the…

August 6, 2011

Steel production in Iran up by 16% in 4 months

Steel production in Iran hit 4.645 million tons in the first quarter of current Iranian calendar year of 1390 (started on March 21), registering 16.3 percent increase compared to the…

August 5, 2011

Cape Lambert’s Marampa iron ore IPO plan boosted by China interest

Australian mining explorer Cape Lambert Resources is seeking to list its Marampa iron ore project in Sierra Leone by the end of 2011 to raise as much as $500 million,…

August 5, 2011

Essar to invest 4 billion in Zimbabwe steel plant

Essar plans to spend up to USD 4 billion in constructing a steel plant to process iron ore from Zimbabwe's Mwanesi resource within the next five years.

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…