July 18, 2011

Forrest digs heels in over WA royalty deal

ANDREW "Twiggy" Forrest, one of Australia's richest men and a champion of the fight against indigenous disadvantage, is being accused of ripping off traditional owners in a West Australian iron…

July 18, 2011

Metal manufacturer moves to Ind. with 100 new jobs

Special Metals Corp. announced this weekend that it will relocate operations from Rockford, Ill., to Elkhart, Ind., creating up to 100 new jobs by 2014. The inventor and producer of…

July 18, 2011

China’s Hanlong makes $1.5 billion bid for Sundance

China's Sichuan Hanlong Group made a bid to buy out the shares it doesn't already own in West African iron ore exploration company Sundance Resources, valuing the private conglomerate at…

July 18, 2011

Iron ore exports seen falling to 8-year low

MUMBAI: Iron ore exports from India are likely to fall by more than a quarter to their lowest level in eight years because of higher costs and slow efforts in…

July 17, 2011

India mining bill: states to get to call bids

The Hindustan Times reports India's new mining bill will empower state governments to hand out leases, take up prospecting and exploration activities before mines and call for bids for commercial…

July 17, 2011

Citic Pacific’s budget blown as WA ore project costs soar

The Australian reports China-backed Citic Pacific's $US5.2 billion West Australian iron ore project has been hit with a $US900 million budget blowout in another sign of growing costs in the…

July 17, 2011

Karnataka iron ore exports delayed

State government is putting in place RFID tags, smart cards to regulate movement of ore traffic.Exports of iron ore from Karnataka are likely to be delayed by over three months,…

July 16, 2011

Brazil’s Minerinvest plans iron ore venture with European steel firm

Brazilian iron-ore company Minerinvest Mineracao Ltda. is negotiating a joint venture with a European steelmaker and a European bank to mine two iron-ore deposits in Brazil's Minas Gerais state, a…

July 15, 2011

Iron ore spot price extends gains on firm Chinese steel demand

Spot iron ore prices extended gains on Friday, driving a key global index to near two-month peaks, as steel mills in top producer China continued to restock the raw material…

July 15, 2011

Australia’s WPG fast-tracks Buzzard to operate parallel to Peculiar Knob

Australian iron ore developer WPG Resources said on Friday it will bring forward its Buzzard direct shipping ore project at Hawks Nest in South Australia. Drilling at the site has…