Iron Ore

October 4, 2011

Hanlong buys Sundance for US1.57B

A Chinese company has made another bid to secure iron ore and other metals beyond its borders. On Tuesday Hanlong Mining said it will buy Perth-based Sundance Resources for US$1.57…

October 3, 2011

Vale to concede 35% of Simandou to Guinea

Vale SA will likely hand over 35% of its Simandou iron ore project to Guinea. The Wall Street Journal (sub required) is reporting that Vale, one of the top three…

October 3, 2011

BHP bets on China’s demand

BHP Billiton is close to kicking off spending on its huge Port Hedland capacity expansion, as it bets China's steel mills will remain hungry enough to consume up to an…

October 2, 2011

Amazon caves may block Vale iron ore mine

Vale, the world's second-largest mining company, may be unable to develop a massive new iron-ore mine in the Amazon after archeologically and environmentally sensitive caves were found at the site,…

October 2, 2011

China’s crude steel output rises 10.6 pct

BEIJING, Oct. 2 (Xinhua) -- China's crude steel output increased 10.6 percent year-on-year to 469.28 million tonnes in the first eight months, according to the National Development and Reform Commission…

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