Advanced Explorations (AEI) has finished the initial geotechnical drilling round for the port development study at the Roche Bay iron project in Canada.
By doubling its fleet of driverless trucks at its iron ore mining operations in the state of Western Australia, Rio Tinto will increase its production to 333 million tonnes annually by the end of 2015. The haul trucks are to be deployed in the largest mine site in the Pilbara region at Yandicoogina.
The death of an employee has resulted in a halt in export operations for Rio Tinto from one of its terminals in Dampier iron ore port.
The new Treasury Secretary Martin Parkinson is optimistic about the mining boom lasting about another decade barring global catastrophe.
Ridgemont Iron Ore has begun drilling at the Redford Iron Ore Property in Vancouver Island, British Columbia.
Ginguro Exploration has been permitted to commence diamond drilling program at its El Alto Iron-Oxide-Copper-Gold (IOCG) property in Chile. Immediately, the company will start the road construction and begin drilling in mid-June.
State run Brazilian steel maker CSN has announced first quarter profits as Net Income rose by 617.5 million Brazilian reais, a bit short of estimates of 677 million reais profits as expected by financial analysts. The Rio de Janeiro based company said that profits in the first quarter were up by 38%.
IronClad Mining Ltd had signed an agreement with Sea Transport Corporation to use a multi-user port facility concept developed by Sea Transport Corporation.
In the Indian state of Orissa a crackdown on illegal mining may see mining exploration activities being reduced by the state government. The mining scandals which have embarrassed the Naveen Patnaik government have resulted in an online database of mine operations in the state. This is to help check illegal mining and transportation of mineral resources.
Riversdale Mining is being taken over by Rio Tinto but Tata Steel will continue to hold a stake in the coal mining company. B. Muthuraman the Tata Steel Vice Chairman said on Monday that the company would not divest its stake in the Australian miner currently being acquired by Rio.
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