ArcelorMittal shores up Brazilian iron ore assets
VANCOUVER — ArcelorMittal (MT-N) cut two sizable cheques on the same day for two iron assets in Brazil.
Iron Ore
Navasota unperturbed by Rio’s troubles in Guinea
VANCOUVER –Christopher Wild, the president and CEO of Navasota Resources (NAV-V, NAORF-O), doesn’t have any grand delusions about his company’s giant bauxite property in Guinea, West Africa.
Axmin’s permits restricted in Central African Republic (August 29, 2008)
A decree by the Central African Republic to restrict permits valid for a number of minerals to gold alone is a dev…
Australia allows Chinalco a 15% Rio Tinto stake
The Australian government has approved a maximum limit of 14.99% holding in the shares of mining giant Rio Tinto PL…
Vedanta investing US$8.8B in base metal expansion
Having received the go-ahead from India’s Supreme Court, Vedanta Resources (VED-L), an India-focused resource giant, is proceeding with a bauxite project in Lanjigarh, in the state of Orissa. An alumi…
ArcelorMittal buys London Mining Brazil, partners with Adriana on port
ArcelorMittal (MT-N) cut two sizable cheques on the same day for two iron assets in Brazil. For US$764 million …
Rio Tinto to expand Corumba
Strong iron ore prices and rising demand in South America and the Middle East are behind Rio Tinto’s (RTP-N, RIO-L) latest announcement that it will invest US$2.15 billion in a major expansion of its …
Anaconda proves up iron resource in Chilean desert
Vancouver – Less than a year after its first drill hole into the San Gabriel iron ore property Anaconda Mining (ANX…
Vedanta Resources in US$8.8 billion India expansion
Having received the go-ahead from India’s supreme court, Vedanta Resources (VED-L), an India-focused resource giant…
Rio Tinto to expand Corumb iron ore mine in Brazil
Strong iron ore prices and rising demand in South America and the Middle East are behind Rio Tinto’s (RTP-N, RIO-…
Iron ore market to stay strong in 2009: forecasts
The iron ore boom continues, with the market expected to stay firm through next year, according to a report by the Iron Ore Trust Fund of Geneva-based United Nations Conference on Trade and Developmen…
Brazil’s richest man denies gold smuggling, fixing tender
Vancouver – Shares of companies partially owned by Brazil’s richest man, Eike Batista, continued to take a beating …