China to tighten steel capacity swapping, boost domestic iron ore output

Headlines about a Chinese economic slowdown may get good web traffic, but the real story is that China is buying up uranium and other resources around the world.

The silver producer recovered its main administration building and plant facility on Thursday.

The only stumbling block is the firm's $27bn net debt, which BHP expects to drop below $25bn in three months, removing the final hurdle.

The miner is warning the multitude of new legislation could send compliance costs soaring by tens of millions of dollars for global companies.

Due to slump on prices for the steel-making material.

The figure includes salary, a cash bonus, shares and other benefits for the man who was able to take Rio Tinto from a US$3 billion loss to a US$3.7 billion profit in a year.

Price of the steelmaking raw material up 6.5% since Monday.

Guinean panel says rights to rich iron ore deposit were obtained through corruption.

Australian giants and JP Morgan research see more volatility ahead but say long term iron ore fundamentals remain strong.