ArcelorMittal buys London Mining Brazil, partners with Adriana on port
ArcelorMittal (MT-N) cut two sizable cheques on the same day for two iron assets in Brazil. For US$764 million …
Iron Ore
Rio Tinto to expand Corumba
Strong iron ore prices and rising demand in South America and the Middle East are behind Rio Tinto’s (RTP-N, RIO-L) latest announcement that it will invest US$2.15 billion in a major expansion of its …
Anaconda proves up iron resource in Chilean desert
Vancouver – Less than a year after its first drill hole into the San Gabriel iron ore property Anaconda Mining (ANX…
Vedanta Resources in US$8.8 billion India expansion
Having received the go-ahead from India’s supreme court, Vedanta Resources (VED-L), an India-focused resource giant…
Rio Tinto to expand Corumb iron ore mine in Brazil
Strong iron ore prices and rising demand in South America and the Middle East are behind Rio Tinto’s (RTP-N, RIO-…
Iron ore market to stay strong in 2009: forecasts
The iron ore boom continues, with the market expected to stay firm through next year, according to a report by the Iron Ore Trust Fund of Geneva-based United Nations Conference on Trade and Developmen…
Brazil’s richest man denies gold smuggling, fixing tender
Vancouver – Shares of companies partially owned by Brazil’s richest man, Eike Batista, continued to take a beating …
Cleveland-Cliffs to merge with Alpha Natural Resources
After Cleveland-Cliffs (CLF-N) and Alpha Natural Resources (ANR-N) wrap up their merger, the new entity will own ni…
Iron ore market to stay firm in 2009: forecasts
The Iron Ore Trust Fund of Geneva-based UNCTAD (United Nations Conference on Trade and Development) has published i…
Aura set to update Arapiraca resource
VANCOUVER–After a long delay at the lab, the final set of assay results before a resource calculation for Aura Minerals’ (ORA-T, ORAUF-O) Arapiraca project are in and look likely to bolster the size …
Vale has big money to spend
Almir Rezende has a problem that most of us would love to have: How to spend US$1 billion a month over the next five years.
Desert drilling returns strong iron grades for Anaconda
VANCOUVER — Promising drill results and an available drill rig prompted Anaconda Mining (ANX-T, ANXGF-O) to tack on an extra 4,200 metres to the drill program at its San Gabriel project in Chile, and…