That $110 iron ore price floor: Gone!
Iron ore has only enjoyed three up trading days over the last six weeks.
Latest Stories
Harry Winston sets Diavik mine’s value at $2.6 billion
Toronto-based jeweller Harry Winston Diamond, which is looking to become the sole owner of Rio Tinto’s Diavik Mine, in Canada's Northwest Territories, said the mine has another 11 years to go and a current net value of $2.6 billion.
India’s state-owned rare earth miner heading for Odisha’s beaches
The identified area is the second coastal stretch in Odisha, where deposits of rare earth minerals have been found.
Molycorp steadies itself after another brutal sell-off
Molycorp recovered somewhat on Monday after a brutal Friday when the rare earth miner was beaten down 11.8% – it was also one of the most actively traded stocks on the NYSE – after an analyst raised doubts about its Mountain Pass mine ramp-up plans.
Panama Canal expansion to change dynamics of commodity trade
When the third lane opens the canal's capacity will more than double. The largest ships will carry as many as 13,200 containers -- at least double the dry weight of bulk cargo that can pass through today.
Montana coal mining related protests reach the Capitol, no major impact
USA’s second-largest coal producer, Arch Coal, has drawn protests from activists and locals after announcing it had applied for a permit in Montana to begin tapping its massive Otter Creek coal strips.
Franco-Nevada injects $1 billion into Inmet’s copper project
Canada’s Franco-Nevada has committed a whopping $1 billion to support the development costs of Inmet's massive Cobre Panama copper project in exchange for a future precious metals stream.
Australia’s Queensland coal industry hits new wall as Yancoal reviews expansion
Already running at a loss or struggling to stay in the black, most thermal coal mines in Australia's Queensland are now facing additional challenges as exports drop and major projects wind back.
Germany’s coal revival to boost energy change
A 2200 MW coal power plant opened in Cologne is being lauded for aiding Germany’s transition from nuclear power to renewables.
