Reuters reported that Brazil's Vale, the world's second largest mining company, cut estimated 2013 capital spending by 24% after a global slowdown and a drop in iron ore prices led the company to rethink its outlook for expansion. Vale ...
Tags: iron ore price news, job mining, pipeline job, copper mining news
The Australian reported that construction of a new rail line through Western Australia's resource rich Pilbara region could drive down iron ore prices and force out of business the very mines the network would unlock, an exhaustive analysis ...
Tags: Pilbara, iron ore, BHP Billiton
According to The Australian, Mr Andrew Forrest chairman of Fortescue Metals Group Ltd chairman has begun charting a path to recovery for the company after it put a series of projects on hold three months ago due to sharply declining ...
Tags: FMG, Fortescue Metals Group, iron ore price, iron ore
According to report, a bidding group including steelmaker Posco is trying to purchase about US$1 billion stake in Canadian iron ore mine owned by ArcelorMittal. The group looks to acquire about a ten percent stake in ArcelorMittal ...
Tags: Mine, the raw material, steelmaker
The West Australian cited Mr Chris Ellison MD of Mineral Resources as saying that the company plans a spin out of its iron ore assets within the next 2 years. According to the company, over the past 3 years MinRes has quietly built a ...
The Australian reported that Crusader Resources is set to become an iron ore producer in Brazil after finally receiving the required government approvals. The group's Posse project in Brazil's iron quadrilateral in Minas Gerais state ...
Tags: iron ore mine, Crusader Resources
Brazilian miner World Mineral Resources (WMR) has found a large reserve of neodymium, one of the 17 rare earth elements, in the western Bahia state (photo), which could bring US$8.4 billion to the country. Local newspaper Nova Fronteira ...
Tags: Rare Earth Deposit, Brazil, World Mineral Resources, Metallurgy