June 13, 2011

Glencore said to be mulling $20 billion ENRC takeover

According to a detailed report in the U.K.'s Sunday times newspaper, Global mega commodities group, Glencore, which recently listed in the London stock Exchange's largest ever IPO, is considering a…

June 13, 2011

Alderon targets 800 million to 1 billion tonne resource at 28 to 32% iron with 2011 drill program launch

Alderon Resource Corp. (TSX.V: ADV) (OTCQX: ALDFF) is pleased to announce that its summer/fall 2011 drill program has commenced at the 100% owned Kamistiatusset (“Kami”) Iron Ore Project in western…

June 13, 2011

BHP Billiton to be hit by strike after offer to unions rejected

BHP Billiton Ltd. (BHP) said Monday that rolling strikes at its coal operations in Australia's resource-rich Bowen Basin are set to go ahead this week after labor unions rejected an…

June 13, 2011

Mining tax mystery tour

THE Gillard government’s credibility is about to take another battering, this time on one of its more complex and ad hoc tax […]

June 13, 2011

Essar Group plans more overseas coal, iron ore asset buys-report

Indian conglomerate Essar Groupplans to acquire more coal and iron ore assets in Indonesia,Australia and Africa as it seeks to meet robust […]

June 13, 2011

Chinese power issues could affect aluminum, steel, nickel pig iron out…

Tightness in the Chinese power market could mean lower output of aluminum and nickel pig-iron, plus deceleration in steel production and a […]

June 13, 2011

Australia’s Fortescue says would be hit harder by mine tax

“BHP (Billiton) , Rio Tinto and Xstrata were able to avoid most of this tax because they were all in the room […]

June 13, 2011

Goldman, Clive Capital to launch commodities index-FT

Goldman Sachs is to launch a commodities index with Clive Capital, the world’s largest commodity hedge fund, the Financial Times reported on […]

June 12, 2011

German May steel output up 1.1%, but WV Stahl warns of slowdown-China Mining

Germany’s May crude steel output of 4.1 million mt marked a 1.1% increase on the prior year, as Europe’s largest steel producer […]

June 12, 2011

Today in Commodities: Two-Sided Trade – Seeking Alpha

This week’s activity has been far from one sided as markets are fluctuating in both directions with no clear direction. Weakness in […]