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Bahia Mineracao Seeks $1.4 Billion to Finance Iron Ore Project

Bahia Mineracao Ltd is seeking a loan of $1.4 billion from banks in Brazil to finance an iron ore project in the north east of Brazil.

9 Sep 2010

Record Quarter for Australia's Resource Exports

Australia's resource exports had a record quarter with $44 billion worth of exports as per the Australian Bureau of Agricultural and Resource Economics (ABARE).

From BHP Billiton Plc 9 Sep 2010

Cape Lambert Resources Sues Metallurgical Corporation of China

The Metallurgical Corporation of China is being sued by Cape Lambert Resources (ASX:CFE) for a payment of $80 million.

From Cyclone Metals Ltd 8 Sep 2010

ArcelorMittal and Indiabulls to Form JV for Coal and Iron Ore

ArcelorMittal and Indiabulls will form a joint venture for coal and iron ore mining. Indiabulls Real Estate has power plants while ArcelorMittal is the world’s largest steelmaker. It currently produces 8% of global steel supply.

7 Sep 2010

Largest Discovered Iron Ore Deposit

The new deposit in Mato Grosso state of Brazil may be the largest discovered iron ore deposit in the world. It may potentially be greater than Vale SA’s Carajas mine. The state Secretary Pedro Nadaf said that the new deposit may contain 11.5 billion metric tons of ore with 41% iron content.

6 Sep 2010

China Metallurgical Group To Construct Iron Ore Mine in WA

China Metallurgical Group Corp is planning to start construction on an iron ore mine in Western Australia by mid 2012 and start operations by 2015.

From China Metallurgical Group Corporation 6 Sep 2010

Could Mining Companies Decide Australia's Next Government

With the future of the new mining tax lying undecided, Fortescue has started lobbying the Australian Independent candidates. Andrew Forrest the Chief Executive of the Fortescue Metals Group Ltd. has met with some of the key independent MPs who could influence the fate of the mining tax on Thursday.

From Fortescue Metals Group Ltd 3 Sep 2010

Indian State of Karnataka Clamps Down on Illegal Mining

Keeping illegal mining under check is turning out to be the next big challenge for the Indian state of Karnataka. The government is also going to install more checkposts and increate investigative squads to check the illegal mining and exports of iron ore.

2 Sep 2010

IronClad Mining Seeks Native Title Agreement for Proposed Iron Ore Mine in South Australia

IronClad Mining Ltd is hoping to get the native title agreement for a new magnetite mine in South Australia. This is the second of four new mines that expect to begin operations by the end of 2010 in South Australia.

1 Sep 2010

Rio Tinto Green Light Iron Ore Joint Venture in Western Australia

Despite the uncertainly over Australia's proposed super mining tax, based on the hung parliament following the elections held on August 21, Rio Tinto, the world's second largest iron ore exporter has given the green light to their iron ore joint venture with Hope Downs Iron Ore.

31 Aug 2010