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Analysts Predict $8 Billion Profit for Rio Tinto

Rio Tinto is likely to post a net profit for its first half in the region of $8 billion. The profits have been bolstered by the hike in prices of iron ore, aluminium, and copper.

From Rio Tinto plc 3 Aug 2011

China Steel Production Falls, Trial of Iron Ore Index Soon

China is not too hopeful about its steel production forecasts for the second half of 2011. The China Iron and Steel Association (CISA) highlights the effect that tight monetary policy is having on commodities demand in the nation. Zhang Changfu, vice chairman of the association said that steel production growth will slow down further in the second half of this year.

3 Aug 2011

Rio Tinto to Challenge High Court Ruling on Pilbara Workplace Agreements

Rio Tinto is challenging a High Court ruling that will allow the unions to operate in the iron ore operations it owns in Western Australia. If the ruling holds the unions will be allowed to bargain on issues of pay and work conditions for mine workers in the Pilbara region.

From Rio Tinto plc 3 Aug 2011

India's NMDC Looks to Make Foreign Acquistions

National Mineral Development Corporation (NMDC), India’s largest iron ore miner, is currently involved in talks with overseas mining companies in regard to possible takeovers. NMDC Chairman Rana Som said the company had earmarked $500 million for overseas acquisitions this financial year.

3 Aug 2011

Iron Road Provides Details on Stage VI Drilling at Central Eyre Iron Project

Iron Road has declared that its Stage VI drilling program at the Central Eyre iron project (CEIP) is progressing as planned.

From Iron Road Limited 3 Aug 2011

Centrex Metals Gets Nod for Eyre Peninsula Iron Ore Mine

Centrex Metals is now one step closer to establishing an export hub on the east coast of the Eyre Peninsula. The Program for Environmental Protection and Rehabilitation for an iron ore mine near Lock was approved by the South Australian government.

From Centrex Metals Ltd. 2 Aug 2011

Vale's Plan to Build Iron Ore Bulk Carrier Fleet Alarms China

Chinese shipping companies don’t want Brazilian company Vale SA to expand its own iron ore fleet. Vale has plans to spend $2.3 billion on building the largest iron ore carriers in the world that will help them haul steel making materials to China.

From Vale 31 Jul 2011

Central Iron Ore Starts Field Mapping and Sampling at Yilgarn Iron Ore Project

Central Iron Ore has begun the field mapping and sampling at its Yilgarn iron ore project (Yilgarn IOP).

From Central Iron Ore Limited 29 Jul 2011

Ministers Accused of Taking Bribes in Karnataka Mining Scandal

The investigator in charge of looking into illegal mining activities in Karnataka, Santosh Hegde has accused the Chief Minister B.S. Yeddyurappa and other ministers of taking bribes from companies involved in the scandal.

28 Jul 2011

Fortescue Metals Says No to Revised Solomon Royalties Plan

The new chief executive of Fortescue Metals Group said that a royalty deal with Aboriginal land owners at the Solomon mine in Western Australia was out of the question. Neville Power said that it was not going to happen because they knew it's not going to do any good for the community.

From Fortescue Metals Group Ltd 27 Jul 2011