Moly Mines gets debt reprieve
Vancouver – Moly Mines (MOL-T, MOL-A) caught a lifeline on its US$150-million bridge loan from U.S.-based lend…
Iron Ore
Chinese bank guarantee for Cardero delayed
Vancouver – Nanjinzhao has missed an Aug. 19 deadline to show Cardero Resources (CDU-T, CDY-X) a bank guarante…
Vale strikes in Canada could last into 2010
The head of the Steelworkers Union for Ontario and the Atlantic provinces says it could be four or five months…
Vale’s Q2 net earnings drop significantly
Vale (RIO-N) may have posted record quarterly shipments of iron ore to China but its net earnings still p…
Iron ore contract settlement prices down for BHP Billiton
BHP Billiton (BHP-N) says it has concluded price negotiations with a number of its iron ore customers for the …
Adriana signs MOUs for Quebec and Brazil projects
Adriana Resources (ADI-V) has signed two memorandums of understanding with a major Chinese steel company.
Cardero eyes potential of Peruvian iron sands
Vancouver – Cardero Resources (CDU-T, CDY-X) has taken a big step forward at the Pampa El Toro iron sands proj…
African Aura and Mano River to merge
If the merger between African Aura Resources (AAZ-V) and Mano River Resources (MNO-V, MNRVF-O) goes ahead, the comb…
Vale cuts iron pellet price for Nucor
Vale (RIO-N) is cutting the price of the iron pellets it sells this fiscal year to Nu-Iron, a subsidiary of U.S. st…
Xstrata triggers consolidation talk
Consolidation is the key word again in the base metal sector after Xstrata (XTA-L, XSRAF-O) tabled an offer for Lon…
Rio Tinto Scraps Chinalco Deal For Iron Ore JV With BHP
Rio Tinto (RTP-N, RIO-L) shares surged 10.3% on the London Stock Exchange and 6.2% on the New York Stock Exchange on June 5 after the mining giant declared it was walking away from a deal with Chinese…
Big Iron’s Gamesmanship
The tectonic shift in the iron ore business dominated headlines during the 22nd trading week of the year, as Rio Tinto ripped up its US$19.5-billion proposed financing with Chinalco and struck a new d…