Guinea extends deadline to bid for vacant blocks of giant Simandou iron ore deposit

After flirting with a five-year low for about a month, the iron ore price fell to the lowest price since October 2009.

But some of the nation's resources that are considered among the world’s largest, such as the Simandou iron ore deposit, face both financial and political challenges.

There's a history there of course. Just ask Mick Davis.

President Danilo Medina vetoed bill creating a National Park, which would have blocked the expansion of Glencore's Falcondo mine.

The decision is considered a key political victory for Prime Minister Tony Abbott.

Vast stretches of northern Europe’s wilderness will soon host more mining companies going ahead with several projects in the area.

Following a meeting with BHP’s China boss, Beijing issued a statement saying it believed that “BHP and other iron ore suppliers should avoid abusing dominant market positions."

When Australia's richest person launched the ambitious $10 billion, 55m tonnes a year project iron ore was trading at more than $130 a tonne.

Monthly loss up to 8.4%