Red hot iron ore cools down as Chinese mills opt for cheaper domestic supplies
The move comes despite the nation’s coldest winter in 28 years which keeps domestic mines closed and local supplies limited.
Latest Stories
Vale’s CEO bullish about iron ore in 2013
Murilo Ferreira, CEO of Brazil’s mining giant VALE (NYSE: VALE) said he expect less volatility in terms of iron prices for 2013
Western Australia’s gold sector in jeopardy
High exploration costs are to blame.
Fresh protests against Eldorado Gold’s Hellas mine in Greece
Citizens’ groups, backed by the radical leftist party Syriza that is now the second largest group in parliament, have been trying to wreck the project since 2011, when Eldorado was granted its exploration licence.
Alamos Gold makes $780 million takeover bid for Aurizon Mines
Alamos is after Aurizon’s only operating gold mine, Casa Berardi, in northern Quebec.
First Quantum and Inmet exchange ‘love letters’
First Quantum said Inmet is trying to sabotage the takeover, while Inmet suggested its counterpart’s complaints were dishonest.
Miners in Mali unperturbed despite Islamist rebels gaining ground
Companies with presence in the country include Randgold Resources, RandSahara Mining, Taurian Minerals Mali, Holdor Ag, Robex Resources Inc. and PG Natyral Resources, among others.
Peru’s environmental regulator amasses $40 million in mining fines
The watchdog, known as OEFA, said the fines to mining firms accounted for 67% of the total collected.
Mining boss becomes a hero, dies rescuing students from drowning
Australia's Tungsten Mining’s director Charlton William Kable, 62, was swept away in a current, while attempting to rescue six students.
