July 28, 2011

Mining corruption pulls down chief minister of Karnataka

The Bharatiya Janata Party, one of India's largest political parties, forced the resignation on Thursday of B. S. Yeddyurappa, the chief minister of Karnataka. Yeddyurappa was indicted on Wednesday after…

July 28, 2011

Prosperity Minerals secures 4 mln tonnes of iron ore through off-take agreement

Prosperity Minerals (LON:PMHL) says it has now secured 4 million tonnes of iron ore through a deal with Blackrock Metals of Canada. The firm has exercised its option under the…

July 28, 2011

Iron ore production not keeping up with steel: Reuters

The world's steel mills are churning out crude steel at a rapid pace, say the latest numbers from the World Steel Association.

July 27, 2011

Ausdrill contract win to generate A$75 million over three years in Fortescue’s iron ore and it goes underground

Ausdrill has received a Letter of Intent from Fortescue Metals Group for the award of a mining services contract at Fortescue’s Solomon iron ore project, located in the Pilbara region…

July 27, 2011

Company secures significant slurry pipeline licence

Brazilian iron-ore mining company Ferrous Resources has been awarded the preliminary licence (PL) for its 400 km slurry pipeline.

July 27, 2011

First Point Minerals is making rapid headway in Canada with its work on naturally occurring nickel-iron alloys

What, pray, is a nickel-iron alloy ore? That’s a question that holds no mystery to the management and shareholders of First Point Minerals, which has just identified its first drill-ready…

July 27, 2011

Fear beginning to replace greed as mining boom gets long in the tooth

Despite a flurry of mergers and acquisitions and a robust IPO market reports out on Wednesday suggest that fear is slowly replacing greed in the mining finance business. The Financial…

July 27, 2011

Amsa still assessing new iron ore project

ArcelorMittal South Africa (Amsa) is on target to complete the due diligence being carried out on a potential new iron ore mine in the Northern Cape by September. Amsa CEO…

July 27, 2011

Afferro Mining Inc. – shareholding update – Capital Research And Management Company

Afferro Mining Inc. ("Afferro" or the "Company"), the TSX-V / AIM (AFF) listed exploration and development company with iron ore projects in Cameroon and Liberia, was notified that on July…

July 27, 2011

India to be 2nd largest steel producer by 2013

Shri Beni Prasad Verma, Union Minister for Steel, said that India will become the world's second largest producer of steel by 2013.