Iron ore stockpiles at Chinese ports reach record high, but Beijing steel and coal capacity cuts should lend support to high-grade imports, met coal prices.
Sam Walsh's bonuses, potentially worth millions, had been delayed for at least two years as investigations continue into dubious payments related to Simandou iron ore project in Africa.
Both provinces displaced Western Australia from the first to the third place thanks partly to their rich mineral reserves, competitive tax regimes, efficient permitting procedures, and certainty surrounding environmental regulations.
The Iron Ore Company of Canada (IOC) is taking advantage of rocketing iron ore prices by pushing forward with its Wabush 3 iron ore mine in Labrador, Canada.