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ArcelorMittal in Talks with Chinese Wuhan Iron & Steel Group

Global steel company ArcelorMittal is now in talks with Chinese Wuhan Iron & Steel Group to develop overseas mining projects jointly to gain more raw material resources and reduce cost risks.

18 Aug 2010

Chameleon Mining Calls for Trading Halt

Chameleon Mining called for a trading halt one day after it struck a deal with Tony Sage's Cape Lambert Resources to help keep it afloat.

12 Aug 2010

Fortescue Metals Plans to Increase Iron Ore Production

The upswing in the demand for iron ore as the global economy recovers from the crisis is leading to Fortescue planning on increasing iron ore production.

From Fortescue Metals Group Ltd 12 Aug 2010

Zijin Mining Group to Shift Focus from Overseas Expansion to Safety and Environment in China

Toxic leaks, oil spills and fires seem to be plaguing Zijin Mining Group Co. The biggest gold producer in China has decided to slow down its pace of expansion overseas to focus on strengthening the safety and environmental standards at its domestic operations as per a statement made by company Chairman Chen Jinghe.

10 Aug 2010

Rio Tinto to Re-Start Australian Investment

Rio Tinto seems reassured enough by the federal government’s changes to the proposed new mining tax (MRRT) to begin investing in Australian mines again.

From Rio Tinto plc 9 Aug 2010

Rio Riding High on China's Need for Steel

Rio Tinto is riding high on China's need for steel to set up industries. The resurgence of the economy in China has helped the mining industry make record profits with Rio Tinto announcing a 125% increase in profi...

From Rio Tinto plc 8 Aug 2010

Australia Posts Record Trade Surplus Thanks to Mining Industry

Australia has posted a record monthly trade surplus of $3.54 billion dollars for the June period. The Australian Bureau of Statistics said that this was the highest surplus ever recorded.

5 Aug 2010

Andrew Forrest Predicts Drop in Iron Prices

Fortescue Metals Chief Executive Andrew Forrest says that iron ore prices will drop this year. He also insisted that the fall will not be directly related to the slowdown in China’s demand. Mr. Forrest was addressing the Diggers and Dealers conference in Western Australia goldfields city of Kalgoorlie.

From Fortescue Metals Group Ltd 3 Aug 2010

African Aura Mining Commences Drill Programme in Cameroon

African Aura Mining Inc. (TSX-V:AUR) (AIM:AAAM) a gold and iron ore development company, has announced the start of an initial 10 hole 4,200m resource drill programme at the company's 100% owned Nkout iron ore project in southern Cameroon.

27 Jul 2010

New Anti-Mining Tax Campaigns Set to Re-Commence

The short respite won by Prime Minister Julia Gillard's intervention and negotiations with heads of the mining majors seems to be over with a new anti-tax campaign about to commence.

From Fortescue Metals Group Ltd 26 Jul 2010