Bloomberg reported that Chinese leaders have signaled they will continue to support investment in iron ore in Western Australia despite the recent slump in demand for the bulk commodity. Beijing's most powerful economic planning agency ...
Reuters reported that Canada hoping to spur economic development of its far north has approved the construction of a massive iron ore mine in the Arctic territory of Nunavut that could help top steelmaker ArcelorMittal reduce its dependence ...
Tags: iron ore price news, jobs in mining, mining, gold mining game
Rio Tinto Alcan announced the draft Commonwealth Environmental Impact Statement for the South of Embley Project. Mr Pat Fiore Rio president & CEO of Tinto Alcan, Bauxite and Alumina said that the project will extend bauxite mining ...
The Australian reported that cost cutting around the globe by Rio Tinto and BHP Billiton continues with the pair cutting 400 jobs or 75% of the workforce at their USD 6 billion plus Resolution copper JV in Arizona. The cuts at the Rio ...
Tags: copper, cost cutting, Rio Tinto, BHP Billiton, pair cutting
The West Australian reported that the Hamersley Ranges are the centre of the Pilbara's iron ore wealth and the foundation of the success of both BHP Billiton and Rio Tinto. So for Fortescue Metals Group founder Mr Andrew Forrest launch of ...
Tags: iron ore price news, jobs in mining, mining, mining coal news
Bloomberg reported that Vale SA plans to accelerate growth in iron ore output to recover market share it has lost to competitors including BHP Billiton Ltd and Rio Tinto Group. Mr Jose Carlos Martins head of ferrous and strategy at an ...
Tags: iron ore, Vale SA, BHP Billiton Ltd, Rio Tinto Group
BS reported that Aditya Birla Group company Hindalco will receive USD 100 million in financing from Export Development Canada or EDC, the country’s export credit agency for its Mahan Aluminium Project in Madhya Pradesh. The ...
Vale SA,the giant Brazilian mining company is in no rush to sell its 22%stake in Norway based aluminum company Norsk Hydro ASA. Mr Murilo Ferreira CEO of Vale said that"We will sell when it is showing value for Vale.The asset wasn't core ...
Tags: Vale SA, aluminum, mining, Norsk Hydro ASA
New Zealand's largest electricity producer,Meridian Energy has resumed talks with Rio Tinto Alcan,the majority owner of the Tiwai Point aluminium smelter over Rio's request for changes to 18 year contracts for power supply that kick in on ...
Tags: electricity, Meridian Energy, Rio Tinto Alcan, power supply
Reuters reported that Brazil's Vale, the world's top iron ore producer, has blamed a Guinean government U turn on rail and port links and shifting, unclear regulation for its decision to shelve the giant Simandou iron ore project. Vale ...
Tags: Brazil's Vale, iron ore, Guinean government U, shareholders
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
The growing demand for diamonds,coupled with a limited supply of gem-quality goods and the lack of major deposit discoveries,underscores the need for jewellery manufacturers and retailers"to take full advantage of the full spectrum of ...
Tags: diamond, jewellery, retailer, Lieberherr
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
Rio Tinto Group said that it is targeting savings of USD 5 billion by the end of 2014, while simultaneously boosting production at its iron ore, copper and alumina units. As per report Rio Tinto plans to cut the USD 5 billion in operating ...
Tags: Rio Tinto, iron ore, copper, alumina units
Of the total coal exported from Port Waratah Coal Services' terminals at Newcastle port last month, 20% comprised coking coal -- around double from October's monthly volume -- as exporters stepped up their flow of higher-value coal cargoes ...