Forecasters see most commodities rebounding in 2010
One of the most anticipated, and well-attended, sessions in this year’s PDAC convention in Toronto was headlined Co…
Iron Ore
Macarthur’s $100M Payday Disappears
VANCOUVER –It seemed too good to be true and it was: Macarthur Minerals( MMS-V, MMSDF-O) fell 45% on news that a $100-million deal for its Lake Giles iron ore deposit in Western Australia fell throug…
MacArthur’s $100-million pay day disappears
Vancouver – It seemed too good to be true and it was: MacArthur Minerals (MMS-V) fell 45% on news that a $100-mil…
Anglo American to cut 19,000 jobs this year
Anglo American( AAUK-Q, AAL-L) plans to axe 19,000 jobs or about 10% of its global workforce this year due to trimmed-back production plans and rescheduled projects.
Cardero Gets Advance Payment For Pampa De Pongo
VANCOUVER — Cardero Resource (CDU-T, CDY-X) is getting a US$2-million payment for its Pampa de Pongo iron ore project ahead of schedule from Chinese buyer Nanjinzhao. The total purchase price of the …
Chinalco Pumps US$19.5B Into Rio Tinto
China’s largest aluminum producer will invest US$19.5 billion in Rio Tinto (RTP-N, RIO-L) through joint ventures and convertible debt in a deal that will help the Anglo-Australian mining giant pay dow…
Rio Tinto Sells More Assets To Pare US$37B Debt
Rio Tinto (RTP-N, RIO-L) continues to hack away at its immense debt load with sales to Vale (RIO-N) of its undeveloped potash assets in Argentina and Canada and an iron ore mine in Brazil for US$1.6 b…
Rio Tinto enters strategic partnership with Chinalco
China’s largest aluminum producer will invest US$19.5 billion in Rio Tinto (RTP-N, RIO-L) through joint ventures an…
Nanjinzhao makes advance Pampa payment to Cardero
Vancouver – Cardero Resources (CDU-T) is getting US$2 million of the US$200 million it sold its Pampa de Pongo ir…
Rio Tinto sells more assets, confirms talks with Chinalco
Rio Tinto (RTP-n, RIO-l) continues to hack away at its immense debt load with sales to Vale (RIO-n) of its undevelo…
Northland Upgrades Tapuli Iron Resource
VANCOUVER — Northland Resources (NAU-T, NRSRF-O) has boosted confidence in its Tapuli magnetite deposit, upgrading most of a 10-month-old resource estimate to the measured and indicated category.
Advanced Explorations makes headway in Nunavut
Drill results for Advanced Explorations’ (AXI-V) Roche Bay iron ore project in Nunavut confirm a higher grade…