June 7, 2011

CP: Wesgold Minerals gets option to buy majority stake in Colombian mining property

Wesgold Minerals has struck an option agreement with a polymetallic property in Colombia. According to Canadian Press, Wesgold has acquired an option to buy up to 51 percent of a…

June 5, 2011

Rio Tinto halts part of iron ore port operations

MarketWatch reports Rio Tinto PLC has halted export operations at one of the terminals at its Dampier iron ore port in Western Australia after a contract worker was killed when…

June 5, 2011

PwC: Iron ore represents 48% of Canadian metals M&A activity

Big4 reports in Canada, 39 metals deals have been announced in 2011, including five transactions valued at US$50m or more. Iron ore was the most targeted resource in Canada and…

June 5, 2011

New Gindalbie chief steps in as magnetite project costs balloon to $2.7bn

The Australian reports Tim Netscher the new chief executive of Gindalbie Metals took over after the miner in March announced a second cost blowout at its West Australian Karara joint…

June 2, 2011

Rio Tinto in $2b native title deal

Traditional Aboriginal owners in the Pilbara stand to receive more than $2 billion over 40 years under a watershed agreement with Rio Tinto that sets a new standard for negotiations…

June 2, 2011

China’s increased dominance of global commodities market carries risk-S&P

Standard & Poor's expressed concerns Wednesday that record commodity prices could represent an "unsustained bubble, subject to a sudden correction."

June 1, 2011

The world is not running out of natural resources

Let me begin by saying that I believe the premise of this question is mistaken. It is quite incorrect to think that fossil fuel resources are finite. It may be…

June 1, 2011

Forrest steps down as CEO of Fortescue to become chairman

Andrew Forrest, the high profile chief executive of major new Pilbara iron ore miner Fortescue Metals Group Ltd (ASX: FMG), as stepped […]

June 1, 2011

China setting the pace for iron ore

The world's biggest consumer of steel is ready to raise the stakes. Steel demand in China is expected to rise by around 25% by the year 2015, to a huge…

May 31, 2011

Q3 iron ore prices steady – Vale

Brazilian mining giant Vale sees iron ore prices for clients remaining flat in the third quarter compared to the second quarter, Vale […]