MINING.COM

Anglo American iron ore unit fires striking miners

Anglo America's (NYSE:AAL) Kumba Iron Ore announced on Monday that it had fired almost 300 workers in South Africa for participating in an illegal strike and commandeering millions in company equipment.

Marc Howe | October 15, 2012 | 12:52 am

New study says Brazil is about to flood export markets with iron ore

Brazil is slated to produce 820 million tonne of iron ore in 2016, a more than 60% jump from today's levels. How will Chinese demand keep up?

Frik Els | October 15, 2012 | 12:30 am

Macmahon expects gold to shore up company outlook

The CEO of Australia's Macmahon Holdings (ASX:MAH) expects gold to continue performing well despite the weak outlook for the mining sector in general.

Marc Howe | October 14, 2012 | 11:45 pm

China’s iron ore imports hit 20-month peak in September

Chinese imports of iron ore hit a 20-month peak in the month of September with steelmakers engaging a buying spree as spot prices bottomed out.

Marc Howe | October 14, 2012 | 4:13 am

Rio still upbeat on iron ore

The head of Rio Tinto's (ASE:RIO) iron ore business in Western Australia has expressed optimism about the sector's prospects despite a plunge in spot prices this year and concerns over China's growth.

Marc Howe | October 13, 2012 | 11:46 pm

Fortescue lifts credit extension by $500 million

Australian iron ore titan Fortescue Metals Group (ASE:FMG) has increased the size of its credit facility by USD$500 million.

Marc Howe | October 13, 2012 | 1:44 am

Australian miners fire locals and import foreigners

While big miners such as BHP (NYSE:BHP), Xstrata (LON:XTA) and Vale (NYSE:VALE) continue to slash jobs across its operations in Australia, some companies are hiring more foreign workers to carry out their resources projects.

Cecilia Jamasmie | October 12, 2012 | 2:10 pm

15% of Queensland’s mining jobs to disappear in two years

Analysts say more coal jobs will be axed in the Australian tropical state of Queensland as the beleaguered resources sector continues to weather a barrage of adverse factors.

Marc Howe | October 12, 2012 | 5:53 am

Iron ore: The rollercoaster ride has only just started

The transformation of the iron ore market over the last few years has been nothing less than stunning. Those with nerves of steel can look forward to even higher highs and lower lows.

Frik Els | October 11, 2012 | 11:49 pm

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