Severstal and Chalco cutting output (October 14, 2008)
Severstal, Russia’s largest steel maker, is slashing output in Russia, the U.S. and Europe by 25-30% amidst slowing…
Iron Ore
Citigroup cuts commodity forecasts for 2009-10
Citi Investment Research has lowered some of its commodity price forecasts due to the U. S. financial crisis, slowing growth in China and disinflationary developments.
Can China help bail out the global economy? (October 10, 2008)
If you think China’s super-hot economy and the astounding growth rates it has posted over the last decade will help…
Pampa de Pongo packs punch for Cardero (October 09, 2008)
Vancouver – Southern Peru’s arid coastal region, directly across the pond from resource hungry countries in Asia, i…
Citi cuts commodity forecasts for 2009-10
Citi Investment Research has lowered some of its commodity price forecasts due to the U.S. financial crisis, slowin…
Swedish magnetite draws Northland Resources
Vancouver–With its latest round of drilling in Sweden, Northland Resources (NAU-T, NRSRF-o) has confirmed good iron grades at Pellivuoma, 15 km west of its planned Tapuli iron ore mine.
Northland in magnetite at Tapuli satellites
Vancouver – With its latest round of drilling in Sweden, Northland Resources (NAU-T) has confirmed good iron grades…
Chinalco limited to 15% Rio Tinto stake
The Australian government has approved a maximum holding of 14.99% in the shares of Rio Tinto PLC( RTP-N, RIO-L) for Aluminum Corp. of China (Chinalco). The approval is subject to the conditions that …
ArcelorMittal shores up Brazilian iron ore assets
VANCOUVER — ArcelorMittal (MT-N) cut two sizable cheques on the same day for two iron assets in Brazil.
Navasota unperturbed by Rio’s troubles in Guinea
VANCOUVER –Christopher Wild, the president and CEO of Navasota Resources (NAV-V, NAORF-O), doesn’t have any grand delusions about his company’s giant bauxite property in Guinea, West Africa.
Axmin’s permits restricted in Central African Republic (August 29, 2008)
A decree by the Central African Republic to restrict permits valid for a number of minerals to gold alone is a dev…
Australia allows Chinalco a 15% Rio Tinto stake
The Australian government has approved a maximum limit of 14.99% holding in the shares of mining giant Rio Tinto PL…