March 22, 2012

Big guns all on board for Beijing’s new spot iron ore trading platform

Beijing launched the new spot price platform in January in a bid to shift the balance of power in price negotiations away from the big three.

March 21, 2012

Aussie tax may have silver lining in higher coal, iron ore prices

The 30% tax on iron ore and coal producers passed by the Australian government may raise the prices of those commodities but will also shrink margins of steelmakers, analysts say.

March 21, 2012

Australia’s mining boom to generate $225 billion in exports by 2017

Australia's resources and energy commodity export earnings will continue to grow over the medium term to reach a record $225 billion in 2016-17, said today the Bureau of Resources and…

March 21, 2012

Canada’s Quebec budget banks on mining royalties to balance books

The government of Quebec, Canada’s most indebted province, is banking on a royalty windfall from its natural-resources sector, especially mining, to help begin its long climb out of the red.

March 20, 2012

Iron ore producers undeterred by slowing growth in China

Rio Tinto warned Tuesday that growth in China's steel output is slowing.

March 20, 2012

Billions hacked off mining majors after BHP’s China comments

"The big infrastructure build clearly will come to some end," Ian Ashby, BHP's chief of iron ore said on Tuesday.

March 20, 2012

Rio Tinto publishes tax report as Australian mining levy en route to become a law

Anglo-Australian mining giant Rio Tinto (ASX, LSE & NYSE: RIO) has voluntarily published its "Taxes paid report," outlining the US$10.2 billion it has paid in tax globally this financial year.

March 20, 2012

Iron ore company shelves plans for Wisconsin mine

The company proposing to build a huge iron ore mine in northern Wisconsin has taken steps to withdraw from the project, the Duluth News Tribune reported on Monday night.

March 20, 2012

Lua no more: Australian ports dodge storm bullet

Australian ports lying in the path of cylone Lua are resuming operations after the category four storm raced across the northwest coast of Australia over the weekend.

March 20, 2012

BHP exec: China demand for iron ore flattening

China's demand for iron ore is "flattening out", a senior executive at BHP Billiton Ltd. said Tuesday.