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New Iron Ore Mine in South Australia Could be the First of Many

IMX Resources has finally opened its Cairn Hill Mine located 55 km south east of Coober Pedy. The South Australian Premier Mike Rann officially opened the mine which is being seen as the first of the next generation of iron ore miners in South Australia this century.

30 Aug 2010

IMX Resources Hope New Mining Tax Will Not Impact Its New Mine

The uncertainty over the new mining tax does not seem to be affecting the opening of a new mine in Southern Australia. The proposed Mineral Resource Rent Tax and its previous avatar have been held responsible for reduced investments in mines and ongoing projects around the country.

27 Aug 2010

South Africa's Biggest Labor Union Calls for a State Mining Company to Invest in Strategic Minerals

The National Union of Mineworkers (NUM) is in favor of a state mining company to invest in strategic minerals such as platinum, uranium, coal, iron ore and manganese.

26 Aug 2010

Xstrata Make Friendly Takeover Bid for Sphere Minerals

Global mining giant Xstrata has launched a friendly takeover bid for Australian-based Sphere Minerals, valuing them at A $428 million. The iron ore prospector Sphere Minerals is active in Mauritania.

26 Aug 2010

ArcelorMittal in Talks with Chinese Wuhan Iron & Steel Group

Global steel company ArcelorMittal is now in talks with Chinese Wuhan Iron & Steel Group to develop overseas mining projects jointly to gain more raw material resources and reduce cost risks.

18 Aug 2010

Chameleon Mining Calls for Trading Halt

Chameleon Mining called for a trading halt one day after it struck a deal with Tony Sage's Cape Lambert Resources to help keep it afloat.

12 Aug 2010

Fortescue Metals Plans to Increase Iron Ore Production

The upswing in the demand for iron ore as the global economy recovers from the crisis is leading to Fortescue planning on increasing iron ore production.

From Fortescue Metals Group Ltd 12 Aug 2010

Zijin Mining Group to Shift Focus from Overseas Expansion to Safety and Environment in China

Toxic leaks, oil spills and fires seem to be plaguing Zijin Mining Group Co. The biggest gold producer in China has decided to slow down its pace of expansion overseas to focus on strengthening the safety and environmental standards at its domestic operations as per a statement made by company Chairman Chen Jinghe.

10 Aug 2010

Rio Tinto to Re-Start Australian Investment

Rio Tinto seems reassured enough by the federal government’s changes to the proposed new mining tax (MRRT) to begin investing in Australian mines again.

From Rio Tinto plc 9 Aug 2010

Rio Riding High on China's Need for Steel

Rio Tinto is riding high on China's need for steel to set up industries. The resurgence of the economy in China has helped the mining industry make record profits with Rio Tinto announcing a 125% increase in profi...

From Rio Tinto plc 8 Aug 2010