Fortescue Metals Group has submitted a bid to be the developer of Blocks 1 and 2 of the giant Simandou iron ore project in Guinea, West Africa.
The Australian Aboriginal Mining Corporation (AAMC) has secured $27.1 million in debt funding for the development of the First Iron project in the Pilbara.
TNG has signed a binding contract with rail provider Genesee & Wyoming Australia to haul material from the Mount Peake mine more than 1100 kilometres to a processing facility in Darwin, Northern Territory.
TNG is continuing to attract interest in its diversified Mount Peake project in the Northern Territory after announcing it will receive a $10 million placement from German investors.
TNG has taken an important step forward in ensuring the validity of the Mount Peake vanadium-titanium-iron project thanks to a new binding offtake agreement.
BHP has identified iron oxide, copper, gold mineralised system near Australia’s largest reserve of copper and uranium ore, the Olympic Dam operations in South Australia.
The Australia Institute, a Canberra-based think tank that covers a wide range of subjects, has announced that the Minerals Council of Australia (MCA) is overzealous in its promotion of the coal industry.
Port Hedland, the world’s largest bulk mineral port, has reported an increase of 2 tonnes in iron ore shipments to China from August to September, representing a rise of 2.8 per cent, according to a port data report.
CDE Mining has partnered with Arrium Mining to process and convert almost 17 million tons of low grade iron ore fines in waste dumps into saleable product.
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This week we look at further iron ore production increases, gold mining jobs on the rise in Western Australia, and activists charged over Whitehaven coal protests.
The irascible Clive Palmer has raised eyebrows higher than ever by saying the Chinese government is trying to steal our nation’s natural resources.
BHP Billiton has reiterated its focus on portfolio simplification, with the board meeting this week to discuss strategies.
MACA has won a contract for Karara Mining’s Hinge iron ore project in Western Australia as it appoints a new CEO.
GlencoreXstrata chief Ivan Glasenberg has blamed mine expansions for the drop in iron ore prices, not for the first time schooling the majors in supply and demand.
Alliance Aviation Services have won a five year FIFO contract for BHP’s iron ore operations.
Padbury Mining’s plan to develop the Oakajee port and rail project with the help of Roland Bleyer’s companies has collapsed.
West Australian Premier Colin Barnett said there is “very little prospect” Padbury Mining’s $6 billion plan to develop the Oakajee rail and port project would gain his government’s backing.
The announcement comes in the wake of plunging iron ore prices, investors fleeing the bear market on the commodity, and analyst fears of a gap between supply and global demand.
Fortescue Metals suffered a massive loss yesterday, during Australia’s worst trading session in a month.