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Aquila Resources Looks to Sell Washpool and Gets Nod for West Pilbara Iron Ore Project

Aquila Resources Ltd is selling its Washpool coal project. Tony Poli, chief executive officer of the company said that dozens of potential buyers were studying the purchase of the asset. The Perth based company hopes to raise AUD $1 billion for the asset.

From Aquila Resources Limited 11 Aug 2011

China Iron Ore Imports Increased in July

As Chinese steelmakers begin to refurbish their dwindling stockpiles the prices of iron ore are set to rise again. China saw iron ore imports increase by 6.8 % in the month of July as the seasonal demand for raw material was considered.

11 Aug 2011

BHP Billiton Acquires HWE Mining

BHP Billiton is to acquire HWE Mining from Leighton Holdings, allowing the mining giant to switch to an owner-operater model at its iron ore mining operations in the Pilbara region. The deal will see Leighton Holdings richer by $735 million. HWE Mining had provided close to 70% of operations on behalf of BHP Billiton on contractual basis.

From BHP Billiton Plc 9 Aug 2011

HudBay Minerals Signs Sales Agreement with Solway Group for Fenix Project

HudBay Minerals has signed a definitive agreement with the Solway Group for the sale of 100% interest in the Fenix project.

From HudBay Minerals Inc. 9 Aug 2011

Jindal Steel and Power to Use Rio Tinto's HIsmelt at Jharkhand

Jindal Steel and Power Limited are going to use a new technology for smelting iron ore by using non-coking coal in their upcoming plants in the Indian states of Jharkhand and Orissa. Jindal Steel operates a 3.0 million tons a year steel plant in Chhattisgarh state and is setting up a plant of an equal capacity in Jharkhand state.

From Rio Tinto plc 8 Aug 2011

India's Sesa Goa to Buy Liberian Iron Ore Mining Company

Sesa Goa, India's largest producer and exporter of iron ore in the private sector, is to acquire 51% stake in Western Cluster Ltd for a cash deal worth $90 million.

From Sesa Goa Iron Ore 8 Aug 2011

Rio Tinto Unveils Bumper Profits

Mining giant Rio Tinto has a ‘bumper’ $7.6 billion first half net profit. The record profit is linked to the steadily rising prices of commodities which are being driven by demand from Asian nations.

From Rio Tinto plc 7 Aug 2011

India's Zamin Ferrous Pulls Back from Minera Aratiri Project in Uruguay

Indian iron-ore mining group Zamin Ferrous Resources was to develop the Minera Aratiri project in Uruguay, but has now downgraded the project on its international priority list from first to fourth position. The $1 billion that was slated by the company for the project is now going to be put to better use in other ongoing projects.

4 Aug 2011

Anglo Pacific Acquires Iron Ore Royalty via Greenland Investment

The Anglo Pacific Group has acquired a 1% gross revenue iron ore royalty from London Mining. The royalty will be earned from the Isua iron ore project located in Greenland after a $30 million investment from Anglo Pacific. The project is slated for production in 2015.

From London Mining Plc 4 Aug 2011

Fancamp Exploration Elated With Metallurgy Test Results of Magpie Mines

Fancamp Exploration has proclaimed that Magpie Mines has obtained the final report and the Phase I metallurgical test work results, which was conducted by COREM, Quebec.

From Fancamp Exploration Ltd 4 Aug 2011