South African miner Assore reports profit fall on stronger rand

400,000 dead-weight tonne vessels costing $100 million each have never offloaded in China.

Leading equipment provider reports that third of units sit unleased as project opportunities dry up

Aggregate market cap also reaches highest point since April

Long-awaited iron ore project finally obtains approval

Chinese enterprises are turning to "urban mining" to satisfy the country's voracious appetite for metals

China's economic ascent created a spot market for iron ore and huge price fluctuations

The Canadian government has approved the construction of a huge open-pit iron ore mine above the Arctic circle in the country's northernmost territory of Nunavut.

Headwinds aplenty

It's all good 'till 2030.