May 26, 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 26, 2011

Fortescue drops $1 billion term loan raising

Australia's Fortescue Metals said on Thursday that due to weak credit market conditions it had dropped plans to proceed with a previously announced $1 billion unsecured term loan facility. The…

May 26, 2011

Four oversold big miners that should rally

The S&P GSCI Index of 24 raw materials dropped about 10% since the Goldman (GS) sell call on April 11. It was up over 1% today on the new bullish…

May 25, 2011

With slim pickings elsewhere bankers start targeting mines

All the money sloshing around in the financial system has to be poured into something. The latest study of mergers and acquisitions in the resource sector show that two of…

May 25, 2011

SMH: Iron ore queen Gina Reinhart tops billionaires club

The boom in resource industry wealth flowing from iron ore and coal exports to China and India has created a record number of billionaires in Australia, reports the Sydney Morning…

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…