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  • Vale to Sell Giant Bulk Carriers to China
    News - 6 Sep 2011
    The Brazilian miner Vale SA is likely to sell its giant bulk carrier ships to China. The world’s largest iron ore producer had commissioned more than a dozen such ships but has decided that it...
  • Doom and Gloom for Australia's Steel Industry
    News - 29 Aug 2011
    Australia’s BlueScope Steel has let 1,000 employees go as it exits the export business thanks to a 1 billion dollar loss that the company has incurred. In response to the event the boss of the...
  • Fortescue Metals Records Records Jump in Profits
    News - 21 Aug 2011
    Andrew Twiggy Forrest of the Fortescue Metals Group has a lot to smile about. The company has recorded a jump of 76% in profits in the full year net profit this year. The Fortescue Metals Group...
  • India's Zamin Ferrous Pulls Back from Minera Aratiri Project in Uruguay
    News - 4 Aug 2011
    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 ...
  • Rio Tinto to Challenge High Court Ruling on Pilbara Workplace Agreements
    News - 3 Aug 2011
    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...
  • Fortescue Metals Says No to Revised Solomon Royalties Plan
    News - 27 Jul 2011
    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...
  • Hong Kong's Wah Nam Acquires Majority Stake in Brockman Resources
    News - 21 Jun 2011
    Hong Kong based investment company Wah Nam has managed to conclude a hostile takeover of Brockman Resources to consolidate its position in the Pilbara region. After it obtained 55.33% stake in the...
  • IronClad Mining Looks at Switching to Floating Harbour
    News - 4 May 2011
    IronClad Mining Ltd had signed an agreement with Sea Transport Corporation to use a multi-user port facility concept developed by Sea Transport Corporation. IronClad Mining made the announcement...
  • Orissa Cracks Down on Illegal Mining
    News - 28 Apr 2011
    In the Indian state of Orissa a crackdown on illegal mining may see mining exploration activities being reduced by the state government. The mining scandals which have embarrassed the Naveen Patnaik...
  • Tata Steel to Stick with Riversdale Mining
    News - 27 Apr 2011
    Riversdale Mining is being taken over by Rio Tinto but Tata Steel will continue to hold a stake in the coal mining company. B. Muthuraman the Tata Steel Vice Chairman said on Monday that the company...

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