Aussie iron ore miner and steelmaker Arrium (ASX:ARI) has stated publicly that it spurned a $1 billion takeover bid from a Korean consortium due to expectations of a rebound in iron ore prices.
Despite an abrupt decline in the wake of an upbeat US employment report, gold is likely to regain losses on several factors which should strongly favor the precious metal.
A new set of regulations for prospectors and mining companies working claims in Northern Ontario, Canada, which goes into effect Nov. 1, is already stirring some controversy as First Nations claim still allows claims anywhere companies want.
India’s Supreme Court order the state of Goa to halted all mining activities in Goa, including transportation of already mined manganese and iron ore, and sought responses of the union and state governments on an environmental group's petition.
Anglo American Platinum, the world's largest platinum producer, has fired 12,000 workers taking part in a three-week illegal strike after following through on tough talk over wildcat stoppages in South African mines.