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 […]

May 31, 2011

Black Iron intersects 32.1% iron over 164 meters in Twin Hole at its Shymanivske project in Ukraine

Black Iron reported initial assay results from its ongoing confirmation ("twin hole") and metallurgical diamond drill program at the Company's Shymanivske Iron Ore Project in Ukraine. The Company is encouraged…

May 30, 2011

Commodities boom drives economic growth in several Canadian provinces

A Conference Board of Canada report says high energy and metals prices "are prompting resource companies to invest billions in iron ore projects, nickel processing and offshore oil developments" in…

May 30, 2011

Australia warns resources firms to be vigilant for cyber attack

Australia's government urged companies on Monday to tighten vigilance over cyber attacks launched offshore against some of the world's biggest resource firms and other businesses, warning high-tech threats were intensifying.…