May 25, 2011

Resourcehouse’s fourth crack at Hong Kong listing delayed as commodity prices slump

Hot on the heels of a lacklustre listing by Swiss commodities and mining behemoth Glencore, news comes of another multi-billion dollar natural resources IPO going awry. Resourcehouse planned to raise…

May 25, 2011

Iron ore deals contribute nearly 40% of global metals M&A during 1Q–PwC

With stronger balance sheets, improved credit availability and stabilizing metal prices, PwC Tuesday forecast the recovery in global metals M&A is expected to continue for the balance of this year.…

May 24, 2011

Traders cautious on iron ore; spot prices remain unchanged

Iron ore prices on the Chinese spot market were largely unchanged on Tuesday, with traders still unwilling to risk making purchases as they try to determine underlying demand in the…

May 24, 2011

Baosteel positive about getting approval for Zhanjiang project from government

China's Baoshan Iron & Steel Co Ltd expects to receive regulatory approval for its coastal Zhanjiang project this year, Chairman He Wenbo said on Tuesday, despite government resolve to extend…

May 23, 2011

Bloomberg: Exxaro bids A$123 million for Territory in iron ore strategy

South African coal miner Exxaro Resources has agreed to pay AUD$123 million for Territory Resources with the goal of producing 10 million metric tonnes of iron ore a year, Bloomberg…

May 20, 2011

ArcelorMittal launches CAN$2.1 billion dollar investment and the creation of 8000 jobs

The investment will allow ArcelorMittal Mines Canada to increase its annual production of iron ore concentrate from 14 million tons to 24 million tons by 2013. AMMC is also evaluating…

May 20, 2011

Reports: Chinese steel giant says iron ore market is in a ‘bubble’

"Everyone who has money is rushing to invest in iron ore," Baosteel Group chairman, Xu Lejiang said on Friday, warning that supply may outstrip demand “sooner than expected” pushing prices…

May 20, 2011

Canadian Press: Chinese invest $73m in Quebec iron ore explorer

Two Chinese state-owned companies have invested over $73m for a roughly 30% interest in privately-owned Century Iron's plans to export iron ore extracted at several properties in Quebec and Newfoundland…

May 20, 2011

The next commodities bubble is coming sooner than you think

To hear the mainstream media tell it, the commodities bubble has burst. Commodities are plunging across the board in response to the latest U.S. data, most of which seems to…

May 20, 2011

Valuations of Australian iron ore companies take a hit after royalty increase

Valuations of iron ore companies have been cut in response to Western Australia's controversial royalty increase, with Andrew Forrest's fast-growing Fortescue Metals taking the biggest hit. The valuation hits were…