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Updated: 44 min 49 sec ago

Arrium Mothballs Southern Mine

Fri, 2015-01-23 10:06

Australian Mining reported Arrium (ASX:ARI) plans to mothball its Southern Iron mining operation, with a plan to redesign its South Australian based mining operation to provide sustainable cash flow in light of falling iron ore prices.

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China Iron Ore Imports from Australia Rise

Fri, 2015-01-23 09:16

MineWeb reported that China’s iron ore imports from Australia rose 31.6 percent to 548.4 million tonnes last year.

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CITIC Provides Sino Iron Project Update

Wed, 2015-01-21 11:41

CITIC Limited (HKG:0267) announced that it has been forced to writedown the value of its Sino Iron project in the Pilbara by $1.8 billion due the falling price of iron ore

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Glencore to Cut Down Spending on Coal, Oil

Wed, 2015-01-21 07:27

Bloomberg reported that Glencore Plc (LON:GLEN) may slash its spending on coal and oil expansions after the slump in the prices.

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S&P’s Downgrades Iron Ore, Copper Price Forecasts

Wed, 2015-01-21 06:00

Mining Weekly reported that Credit rating agency Standard & Poor’s (S&P's) has downgraded its price forecasts for iron-ore and copper due to slow global growth.

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Australia Iron-ore Ports Reopen

Tue, 2015-01-20 12:15

Mining Weekly reported that Port Hedland and Dampier in Australia reopened on Tuesday following brief shutdowns due to the threat of a cyclone.

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Atlas Mining Announces Quarterly Report

Tue, 2015-01-20 11:56

Atlas Mining Ltd announced its December 2014 Quarterly report on Tuesday, saying that it is relying on lower oil prices, cheaper freight rates and a weaker Australian currency to turn a profit.

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Rio Tinto Announces Rise in Iron Ore Output

Tue, 2015-01-20 11:31

Rio Tinto (NYSE:RIO) announced a sharp rise in quarterly iron ore output, amid a drive to corner a greater share of the world market, and reported price gains at its aluminium division.

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Low Oil Price Saving Small Iron Ore Producers

Fri, 2015-01-16 19:37

Reuters reported that although big iron ore miners are trying to push small producers out of business, the low oil price is in some ways stopping them from doing so.

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Goa Removes Two Year Ban on iron Ore Mining

Fri, 2015-01-16 12:19

Goa, India's smallest state, has removed a two-year ban on iron ore mining with an expectation mines could be back up and running by March or April. The added resource could help squeeze already low iron prices.

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Iron Ore to Hit $US58 a Tonne

Thu, 2015-01-15 11:43

Australian Mining reported that Citi has slashed its iron ore price forecast from $US65 a tonne to just $US58 a tone for the present year.

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Gina Rinehart’s Roy Hill Mine issued Safety Notices

Thu, 2015-01-15 11:28

Australian Mining reported that Gina Rinehart’s Roy Hill mine has been issued prohibition notices by Western Australia’s Department of Mines and Petroleum.

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NMDC Shifts Focus to Overseas Assets

Wed, 2015-01-14 12:14

Mining Weekly reported that NMDC Ltd. (NSE:NMDC), India’s largest iron ore miner, has shifted its focus overseas, and will be looking at the exploration efforts of its subsidiaries, Legacy Iron and Acron.

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Iron-ore Prices in China Approach Five-Year low

Wed, 2015-01-14 11:59

Mining Weekly reported that iron-ore prices in China continued to fall due to slow steel demand and were close to reaching their lowest level in more than five years.

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Record Chinese Iron Ore Imports May be a Boon to Australian Juniors

Tue, 2015-01-13 19:00

China's iron ore imports touched a record high in December as winter mine shutdowns increased demand for the construction material. Can junior miners in Australia now take some steps forward?

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Korab Announces PFS Results for Winchester Project

Tue, 2015-01-13 13:10

Korab Resources Ltd. (ASX:KOR) announced that a prefeasibility study (PFS) into the company’s magnesite direct shipping ore deposit estimates that a capital injection of around AU$4 million will be required for the project's development.

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Iron Ore Imports by China Hits All-Time High in December

Tue, 2015-01-13 11:54

Iron ore shipments by China touched an all-time high in December as low prices appeared to boost demands, as shipments hit 86.85 million metric tons.

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African Minerals Gets $13m From Restricted Bank Account to pay salaries, taxes

Tue, 2015-01-13 09:38

The Mining Weekly reported that African Minerals (LON:AMI) announced that its partners in the Tonkolili iron-ore project, in Sierra Leone, Shandong Iron and Steel Group (SISG), had agreed to release $12.96-million from the project’s restricted bank account in Hong Kong.

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Rio Tinto Interested in Indian Diamonds, Iron

Mon, 2015-01-12 19:53

Bloomberg reported that Sam Walsh, CEO of Rio Tinto plc (ASX:RIO,LSE:RIO,NYSE:RIO), is pushing India's prime minister to develop the country's first diamond discovery in four decades. He also wants India to set up a $2-billion iron ore project.

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Flinders Mines Announces Upgrade of Ajax Deposit

Mon, 2015-01-12 14:27

Flinders Mines Ltd. (ASX:FMS) announced that it has updated the mineral resource estimate for its Ajax deposit, which is part of the greater Pilbara iron ore project in Western Australia.

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