July 15, 2011

Glencore to stop reporting quarterly results

Glencore has decided to stop reporting its results every quarter, in a move that is likely to soothe tensions with Xstrata, the mining company in which it owns a 34…

July 15, 2011

Ternium is among the companies in the steel industry with a relatively low EBITDA growth (TX, SCHN, MT, WOR, RS)

Below are the five companies in the Steel industry with the lowest EBITDA Growth (next year estimate vs. LTM). EBITDA Growth can be valuable in predicting future cash flow generation…

July 15, 2011

BHP drags market lower

Local shares have closed lower, dragged down by losses in Australian mining giant BHP Billiton.The market also had a weak lead from overseas markets, after Federal Reserve chairman Ben Bernanke…

July 15, 2011

Spending $2,400 a month to keep a truck running in a mine

BBC's Jeremy Clarkson, a car enthusiast who hosts the show Top Gear, ran a documentary on an underground mine in Kalgoorlie, Australia, and learned about the exceptional wear-and-tear exacted on…

July 15, 2011

Fitch sees global steel demand and output growth slowing down in H2

Fitch Ratings said in a statement that global growth in steel demand and production is expected to slow during H2 2011 as developing nations fight inflation and developed countries tackle…

July 15, 2011

Commodity falls and fears for stress tests see FTSE decline

Falls among commodity issues sapped the strength of Britain’s top share index yesterday, as worries over global growth clouded the demand outlook for metals and oils. At the close, the…

July 15, 2011

Fortescue iron ore shipments jump

Fortescue Metals Group expects to ship 12 to 12.5 million tonnes of iron ore in the September quarter after shipments rose 38 per cent in the June quarter.

July 15, 2011

MINING.Com Podcast: Canadian iron ore project advancing

An iron ore project in northeastern Canada whose proponent is calling "the next Consolidated Thompson," has taken an important step forward. Alderon Iron Ore Corp. (TSE:ADV) has begun filing material…

July 14, 2011

Rio Tinto iron ore output rises

Global miner Rio Tinto (RIO-N70.71----%) is on track to hit its 2011 iron ore production target after posting on Thursday a 12-per-cent rise in second-quarter output on the year, but…

July 14, 2011

Ivanhoe Mines Announces Appointment of Rio Tinto Executive Dan Larsen to Company’s Board of Directors

(MARKETWIRE via COMTEX News Network) -- David Huberman, Chairman of Ivanhoe Mines, (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN) announced today that Dan Larsen, Rio Tinto's Controller and Global Head of Planning and Reporting, has been…