September 28, 2012

Chinese stimulus spending won’t save Aussie iron ore boom

A senior manager from China's largest listed steel maker has said the government's stimulus package will do little to revive Australia's beleaguered iron ore sector.

September 28, 2012

China’s economic slowdown to hit commodities exporters hard

A new report released by the International Monetary Fund (IMF) indicates that commodities exporters and emerging economies will be hardest hit by slower growth in China and a concomitant decline…

September 27, 2012

Vale says iron ore won’t go below $100 – 40% of Chinese output is already off the market

With iron content in domestic Chinese ore at only 20%, the country simply cannot compete on price with the top exporting countries.

September 27, 2012

BHP hopes for an extension to Olympic Dam expansion plan

BHP Billiton, the world's number one miner, has put its $30 billion Olympic Dam copper-uranium expansion back in the spotlight by asking South Australia state for a 46-month extension for…

September 27, 2012

China’s Zhongrun to nab 42% stake in Australian gold producer Noble Mineral

China's Zhongrun Resources Investment Corp is on track to acquire 42% of Australia's Noble Mineral Resources (ASX:NMG) for AUD$85 million as well as options to obtain a majority stake.

September 27, 2012

Tinkler toppled by debt woes and botched takeover bid

Nathan Tinkler's fortune has plunged by over 50% since last year causing the electrician-turned-mining magnate to tumble to second place on a list of Australia's richest young entrepreneurs.

September 27, 2012

Aussie mining heiresses duke it out in court over Hope Downs deposits

The scions of two of Australia's leading mining dynasties are waging battle in court once again, this time over ownership of the Hope Downs iron ore deposits in Western Australia's…

September 26, 2012

Xstrata closes nickel mine in Australia

Diversified miner Xstrata (LON:XTA) announced Wednesday it is suspending operations at its Cosmos nickel mine in Western Australia, as nickel prices have plummeted dramatically.

September 26, 2012

Fortescue inks $1.4 billion deal with Leighton to boost iron ore output

Australian iron ore stalwart Fortescue Metals (ASX:FMG) has signed an AUD$1.4 billion deal with Leighton Contractors which is set to raise output to 115 million tonnes by early 2013.

September 26, 2012

Infrastructure upgrades the key to unlocking Yilgarn’s iron ore potential

Preliminary studies by the Yilgarn Iron Producers Association (YIPA) assert that modest improvements to infrastructure could unleash the iron ore potential of the mineral-rich region of Western Australia.