Cliffs to curtail iron ore production at two Minnesota mines
Declining demand for steel has prompted major iron ore producer, Cliffs Natural Resources (CLF-N), to stop producti…
Iron Ore
Cardero offered US$200 million for Pampa de Pongo
Vancouver – In the midst of a flurry of questions about slowing Chinese metal consumption, Cardero Resource (CDU-T,…
Pampa de Pongo packs punch for Cardero (October 20, 2008)
Vancouver–Southern Peru’s arid coastal region, directly across the pond from resource hungry countries in Asia, is flexing its iron-rich muscles for Cardero Resource (CDU-T, CDY-x).
Can China help bail out the global economy? (October 20, 2008)
If you think China’s super-hot economy and the astounding growth rates it has posted over the last decade will help buffet the rest of the world from the economic meltdown, you might want to think aga…
Severstal and Chalco cutting output (October 14, 2008)
Severstal, Russia’s largest steel maker, is slashing output in Russia, the U.S. and Europe by 25-30% amidst slowing…
Citigroup cuts commodity forecasts for 2009-10
Citi Investment Research has lowered some of its commodity price forecasts due to the U. S. financial crisis, slowing growth in China and disinflationary developments.
Can China help bail out the global economy? (October 10, 2008)
If you think China’s super-hot economy and the astounding growth rates it has posted over the last decade will help…
Pampa de Pongo packs punch for Cardero (October 09, 2008)
Vancouver – Southern Peru’s arid coastal region, directly across the pond from resource hungry countries in Asia, i…
Citi cuts commodity forecasts for 2009-10
Citi Investment Research has lowered some of its commodity price forecasts due to the U.S. financial crisis, slowin…
Swedish magnetite draws Northland Resources
Vancouver–With its latest round of drilling in Sweden, Northland Resources (NAU-T, NRSRF-o) has confirmed good iron grades at Pellivuoma, 15 km west of its planned Tapuli iron ore mine.
Northland in magnetite at Tapuli satellites
Vancouver – With its latest round of drilling in Sweden, Northland Resources (NAU-T) has confirmed good iron grades…
Chinalco limited to 15% Rio Tinto stake
The Australian government has approved a maximum holding of 14.99% in the shares of Rio Tinto PLC( RTP-N, RIO-L) for Aluminum Corp. of China (Chinalco). The approval is subject to the conditions that …