The Australian Competition Tribunal (ACT) has decided that the global mining giant Rio Tinto's Hamersley and Robe rail lines should not be opened up to third party access. According to Rio Tinto's statement, third party access to the ...
Tags: Rio Tinto, Pilbara Rail Lines
Australian mining giant Fortescue Metals Group Ltd has announced that it has agreed with Australia-based company Iron Ore Holdings Limited (IOH) to the early termination of Fortescue's exclusive option to develop IOH's Iron Valley deposit. ...
Tags: Iron Valley, mining giant, mining
It is reported that the mining giant Vale is going to decrease the investment on the its 50% stake in Brazil's Companhia Siderúrgica do Pecém steel plant, a joint venture between Vale, the largest Brazilian supplier of iron ...
Tags: Vale, mining giant, Brazil
UK-based mining giant Anglo American has announced that it has completed the cost and schedule review for its Minas Rio iron ore project in Brazil, reporting that it expects to register an impairment charge of $4 billion on the basis of ...
Tags: Anglo American, Minas Rio, iron ore project
Shanghai Baoye Construction Group Corp., a subsidiary of Chinese state-owned enterprise China Metallurgical Group Corporation (MCC) supplied steel structures to the Brazilian mining giant Vale’s iron ore dock project in Malaysia. ...
UK-based mining giant Anglo American Corporation has announced its production results for the fourth quarter ended on December 31, 2012. In the given quarter, the iron ore production from Kumba Iron Ore decreased by 19 percent year on ...
Tags: mine iron ore output, mining giant, Iron Ore
Global steelmaking and mining giant Evraz Group S.A. has announced that its crude steel output amounted to 3.67 million mt in the fourth quarter of 2012, decreasing by 5.9 percent quarter on quarter and by 11.1 percent compared to the same ...
Tags: crude steel output, crude steel, steelmaking
On January 16, Russia-based steelmaking and mining giant Evraz announced that it has completed the acquisition of a 50 percent stake in Corber Enterprises, which holds an 82 percent interest in Raspadskaya Coal Company (Raspadskaya), one of ...
Tags: teelmaking, mining, Evraz, Raspadskaya
The Australian sharemarket closed marginally lower after investors decided to reap their profits later in the day. At the close today, the benchmark S&P/ASX 200 index was down 3.1 points, or 0.07 per cent at 4716.6, while the broader All ...
Tags: Australian sharemarket, investment, economy
NICKEL is on track to end 2012 as the worst performing base metal and 2013 doesn't look much better. In fact, the only hope for existing nickel producers is that some of the emerging operations strike technical problems in their ...
Tags: Nickel needs project, Nickel needs, Nickel, base metal, nickel pig iron
UK-based mining giant Anglo American has announced that it is selling its 70 percent interest in the Amapa iron ore operation in Brazil to Zamin Ferrous Ltd (Zamin), a private international mining group that has been operating in Brazil. ...
Tags: mining giant, Anglo American, Amapa iron ore operation, Zamin
Australian markets got off to a roaring start to 2013 yesterday, with the avoidance of the January 1 US fiscal cliff of tax increases and spending cuts combining with rising iron ore prices to send the stockmarket on its biggest one-day ...
Tags: shares, 2013, US, fiscal cliff, stockmarket
Reuters reported that the departing chief executive of Norilsk Nickel, the Russian mining giant undergoing an ownership shakeup, will receive a USD 100 million severance deal. Two sources close to the company's shareholders said that ...
Tags: mining giant, mining, nickel, palladium, Norilsk Nickel, CEO
Premier Colin Barnett has told Rio Tinto and Alcoa that they're dreaming about developing a massive bauxite deposit in the remote Kimberley and flagged the possible return of the resource to taxpayers. The global giants want a two to ...
Tags: Rio Tinto, Alcoa, bauxite deposit, Kimberley, resource
Further to its announcement on October 4,2012,Russia-based steelmaking and mining giant Evraz has announced that it has received pre-transfer merger clearance from the Russian Federal Antimonopoly Service(FAS)in connection with the ...
Tags: steelmaking, mining, acquisition, coal