June 21, 2011

Iron ore prices to hold on China demand: Macquarie

Iron ore prices will remain firm in the medium term, as tight supply struggles to keep up with Chinese steel output, said Macquarie Commodities Research senior analyst Colin Hamilton at…

June 21, 2011

Goa sponge iron making units hit as neighbouring state bans supply of ore

IBN Live News reports at least six industrial units manufacturing sponge and pig iron in Goa have been hit after neighbouring Karnataka imposed ban on transport of iron ore, a…

June 21, 2011

Mechel stock jumps after winning subsoil license for Pionerskoye iron ore deposit

Russian mining and metals giant Mechel listed in New York where it has a market capitalization just shy of $11bn, reported on Tuesday winning the auction for the subsoil license…

June 21, 2011

Rio enters iron-ore infrastructure expansion agreement with NRW

Diversified giant Rio Tinto has entered into a framework agreement with ASX-listed project house NRW Holdings to expand its Pilbara iron-ore infrastructure […]

June 21, 2011

LME board struggles to reform metals warehousing logistics

The board of the London Metal Exchange has been unable so far to reach agreement on a way to resolve aluminum access issues from warehouses owned by a unit of…

June 20, 2011

Alderon Reports Final North Rose Results in Preparation for Updated Resource

Alderon Resource Corp. (TSX VENTURE:ADV)(OTCQX:ALDFF) ("Alderon") is pleased to announce final assay results from the 2011 winter program on the 100% owned Kamistiatusset ("Kami") Iron Ore Project in western Labrador.

June 20, 2011

First Point Announces Cliffs to Assume Management of 2011 Exploration Program on the Decar Nickel-Iron Alloy Project

First Point Minerals Corp. (TSX VENTURE:FPX) ("First Point" or the "Company") is pleased to announce that Cliffs Natural Resources Exploration Inc., an affiliate of Cliffs Natural Resources Inc. (NYSE:CLF)(PARIS:CLF) ("Cliffs"),…

June 20, 2011

Power returns to Chile’s mining heartland

Power supplies have returned to normal in Chile's northern mining heartland after a power grid failure hit some of the world's biggest copper mines earlier on Sunday, the mining minister…

June 18, 2011

Three dead, seven rescued in Goa mining accident

The Hindustan Times reports three people were feared killed while seven others were rescued in a major mining accident in Goa's Sanvordem town, officials said on Saturday. The 10 people…

June 18, 2011

Chrome prices to increase as global steel production rises to 1.5 billion tons in 2012

Global steel production is set to rise to 1.5 billion tons in 2012 and due to increasing costs many ferrochrome and chrome ore producers will increase prices. The devaluation of…