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Vale Spends Big on Iron Ore Shipping

The largest iron ore producer in the world Vale SA has borrowed $1.23 billion from banks in China for buying ships from a Chinese shipyard.

From Vale 13 Sep 2010

$276 Million Port Project Won by John Holland

John Holland Group will be developing a port associated with Rio Tinto's Cape Lambert iron ore project.

From Rio Tinto plc 13 Sep 2010

Kenmare Resources to Join FTSE 250

Kenmare Resources PLC will join the FTSE 250 index of shares on the London Stock Exchange after the quarterly review of the London Stock Exhange's FTSE UK Index Series. The changes will be applicable from Monday September 20, 2010.

From Kenmare Resources plc. 12 Sep 2010

Indian Cabinet Approves Sale of Manganese Ore (India) Ltd. Stake

The sale of 10 per cent stake in Manganese Ore (India) Ltd. as part of a sale of state assets has been approved by the Indian cabinet.

12 Sep 2010

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

Eldorado Gold Withdraws Offer for Andean Resources

Eldorado Gold Corporation has withdrawn its takeover bid for Andean Resources. The Canadian gold mining company's president and chief executive Paul Wright made the announcement on Wednesday.

From Eldorado Gold Corporation 8 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

Wayne Swan Says Mining Tax Not Up for Discussion

Wayne Swan the treasurer seems at odds with the tax summit being offered to key independent MPs in return for their support to form a Labor government. Mr. Swan said that the tax was not on the summit agenda and that he would like to get this into legislative shape as quickly they possibly can.

8 Sep 2010

Zijin Mining Group Calls Off Platmin Congo Acquisition

The Zijin Mining Group Company has called off the acquisition of Platmin Congo Ltd. after it was saddled with regulatory probes in China over a recent toxic spill.

7 Sep 2010