Vale ponders short-term options to raise Brucutu mine output

A study of about 40 explorers budgeting at least US$50 million total shows the larger players allocated a total of US$4.33 billion and accounted for 40% of the US$10.74 billion worldwide exploration total.

Anglo’s boss Mark Cutifani says company needs to find an extra $2 billion of earnings before interest and tax to meet the return on capital target set for 2015.

Mitsui, which since 2003 is part of the holding group that controls Vale, is expanding partnerships with the world’s largest iron-ore miner.

The waiting game is over. BHP Billiton has named its Perth-based spin-off company, appointing Graham Kerr as its chief executive.

Miner's belt tightening continues.

The miner confirmed Friday it is in talks “with a potential investor,” but did not name its counterpart.

Benchmark 62% fines up 3% and premiums for high quality lump ore jump to 11-month high.

The least corrupt country was Denmark.

Miner may try replicate partnership with other of its stalled projects, such as Pascua Lama in South America.