October 26, 2011

China steel mill destocking hurting iron ore prices – Fortescue

Fortescue's CEO, Nev Power, told a media conference on Wednesday that iron ore prices will continue to plummet as long as Chinese steel mills continue destocking inventories. Iron ore prices…

October 26, 2011

Fortescue secures $1.5bn for expansion

The company said Wednesday it has raised $1.5 billion worth of senior unsecured notes which will pay 8.25% per annum, to help fund its infrastructure expansion. (Reuters) - Fortescue Metals…

October 26, 2011

Queensland to protect farmland from mining

Legislation introduced in the Queensland state parliament could have a negative impact on mining. The bill, the first of its kind to be introduced in Australia, bans mines that would…

October 26, 2011

China iron ore destocking could take months-Fortescue

Global iron ore prices, down nearly 30 percent since early September, could take months to recover as Chinese steel mills work off inventories, Australian miner Fortescue Metals Group said on…

October 25, 2011

Gemcom Provides Software, Training and Support to Mining Education Australia Engineering Program

Gemcom Software International Inc., the largest global supplier of mining software solutions, today announced its support of the Mining Education Australia (MEA) Engineering Program.

October 25, 2011

Finders Resources announces Interim Funding for Capital Equipment, Wetar Copper Project

Finders Resources Limited (ASX: FND) ("Finders") announces that two of its major shareholders Taurus Funds Management ("Taurus") and Resource Capital Funds ("RCF") have agreed to provide a loan of up…

October 25, 2011

NSL Consolidated Queensland coal project moves towards formal grant

Highlights Queensland Government advises of proposed granting of exploration permit for the first of NSL's four thermal coal tenements Native Title discussions continue across all four EPCA's. All environmental authorities…

October 25, 2011

Significant Federal Government milestone achieved for Lincoln Minerals’ proposed Gum Flat iron ore mine on SA’s Eyre Peninsula

Lincoln Minerals Limited (ASX Code: LML) is pleased to advise that it has recently received the decision from the Commonwealth Department of Sustainability, Environment, Water, Population and Communities that the…

October 25, 2011

Arcelor dumps dearer Macarthur on Peabody

Reuters reports ArcelorMittal has pulled out of its joint $5 billion bid with US giant Peabody Energy for Australian coking coal miner Macarthur, just days after the target's top shareholder…

October 25, 2011

This week in uranium: Ur-Energy starts building in Wyoming, Cameco heads for Argentina

Ur-Energy is almost ready to start construction at the Lost Creek uranium project after being awarded a permit to mine from the state of Wyoming. Meanwhile, Cameco has signed a…