June 17, 2011 Demand destruction looms to hit gold and base metals in H2 2011 After an unrivalled rally, commodity prices are likely to soften during the second half of the year, according to Bank of America Merrill Lynch. At a seminar in London on…
June 16, 2011 Investors are finally seeing value in deal-hungry super-profitable Brazilian giant Vale With a new government-backed CEO, a capex budget and acquisition war chest that dwarfs others, record net profits, a very generous dividend policy, strong fundamentals in its core business, aggressive…
June 16, 2011 Vale’s new partnerships stir competition in Brazil steel market Dow Jones Newswires reports Brazil’s steel sector has been shaken up since mining giant Vale SA started building its first steel mill, […]
June 16, 2011 Peru miners want proposed tax based on profits Top miners in Peru expect to have to pay a new tax on windfall profits proposed by President-elect Ollanta Humala, but on Wednesday urged the incoming government to refrain from…
June 15, 2011 Rio Tinto to spend $676m to speed up iron ore expansion plans World no.2 iron ore miner Rio Tinto is investing $676 million to speed up its iron ore expansion by six months to capture demand as rival plans to boost production…
June 15, 2011 Xstrata begins magnetite exports from Australia Mining giant Xstrata PLC says it will begin to export magnetite, a form of iron ore as it seeks to service Asian demand from its mining interests in Australia. The…
June 15, 2011 Essar to process Zimbabwe iron ore if it decides to export Bloomberg reports Essar Africa Holdings Ltd., a unit of Essar Group, said it will process Zimbabwean iron ore before exporting it through a terminal it may build in Mozambique's port city…
June 15, 2011 Japanese iron ore demand to surge in Q4 – Vale Brazilian miner Vale (VALE5.SA:Quote) expects iron ore demand in Japan to reach 90 percent of pre-crisis levels in the fourth quarter, the company's global marketing director Pedro Gutemberg said. "Japan…
June 14, 2011 Fortune Oil increases investment in Armenian iron ore mines Fortune Oil has increased its investment in Armenian iron ore mines after amending an option agreement. In January, Fortune took a 35% equity interest in Bounty Resource Armenia, a company…
June 14, 2011 WPG Resources receives go-ahead to mine Peculiar Knob WPG Resources announced on Tuesday it has reached a major milestone for the development of its flagship Peculiar Knob (pictured) iron ore mine south east of Coober Pedy in South…
China to rein in copper, alumina capacity expansion under next five-year plan The country's economic planner will tighten oversight of copper and alumina projects from 2026 to 2030 to curb irrational investment. December 26, 2025 | 04:10 am
