MINING.COM

Anglo American disappoints: profits down 40% and Minas Rio delayed another year

The global miner joined the ‘disappointing results club’ this morning as the London-listed mining group reported that its first-half operating profit dropped almost 40%.

Cecilia Jamasmie | July 27, 2012 | 2:59 pm

Australia imperils investment appeal as miners attack new tax laws

Foreign investors have raised concerns over uncertainty surrounding Australia's mining and carbon tax regimes, with mining companies attacking a government plan to obtain an additional AUD$1.9 billion in taxes via stronger regulation of cross-border profit-shifting.

Marc Howe | July 27, 2012 | 2:41 am

Ex convicts to fill out job vacancies at Billiton’s Olympic Dam

While the Australian government has started allowing miners to hire foreign workers to ease a labour shortage in the country, some companies such as BHP Billiton and Rio Tinto have chosen to launch their own recruitment initiatives.

Cecilia Jamasmie | July 26, 2012 | 3:54 pm

Vale the newest casualty of China’s slowdown

Brazilian mining giant, Vale SA, became the latest casualty of China's economic slowdown on Wednesday as its second-quarter profit fell almost 60% driven mainly by a weaker demand for iron ore coming from the Asian country.

Cecilia Jamasmie | July 26, 2012 | 2:04 pm

Shanghai rebar meltdown: The last time Chinese steel cost this much iron ore was trading at $70

Chinese rebar prices are now 8% lower than October 2011 lows, while iron ore prices remain 5% higher.

Frik Els | July 25, 2012 | 11:53 pm

Slowdown? What slowdown? Caterpillar’s best quarter in history

Caterpillar Inc (NYSE:CAT), the world's largest earth-moving equipment maker, raised its 2012 profit forecast on Wednesday based on its quarterly profit report, which beat by far most of Wall Street's gloomy outlooks.

Cecilia Jamasmie | July 25, 2012 | 1:35 pm

Atlas Iron on track to double production by end of 2013

Western Austalia's Atlas Iron Limited (ASX:AGO) increased shipments by 25% in the second quarter and is well on its way to doubling production by the end of 2012.

Marc Howe | July 25, 2012 | 2:09 am

Rinehart would pass government test for media ownership

Mining magnate Gina Rinehart would pass a proposed public interest test for ownership of media outlets according to the Australia government's Communications Minister Stephen Conroy.

Marc Howe | July 25, 2012 | 1:16 am

Northern Iron surges as Indians fatten offer

Shares in Australia's Northern Iron (ASX:NFE) surged by around 38% in Tuesday trading, on news that India's Aditya Birla Group had increased its takeover offer by 4%, bringing the bid to USD$532 Million.

Marc Howe | July 25, 2012 | 12:42 am

First

Last

BHP secures iron mining rights in Australia’s Pilbara for another century

South Africa mines minister delays finalisation of draft mining charter

Thyssenkrupp CEO asks to step down, board to meet on Friday

Iron ore slides to seven-month low as trade war fears mount

Steel making raw materials hit multi-week lows in China on trade woes

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