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Ferrous Metals
 
Mining in Africa

Brazilian group targeting more African opportunities Restricted

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Brazilian diversified mining major Vale has confirmed that its portfolio includes investments of $7.7-billion in projects in nine African countries. Speaking at a recent seminar on Africa hosted by Brazil’s National Economic and Social...
By: Keith Campbell
18th May 2012
 
 
Ferrous Metals

Developments in Namibian mining indicate growth of sector Restricted

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The Namibian Minister of Environment and Tourism has given environmental clearance to Australia-based uranium explorer Deep Yellow for its 95%-owned Shiyela iron-ore project.


By: Reggie Sikhakhane
18th May 2012
 
 
MANGANESE

Artillery Peak mine proves 'economically attractive', to cost $477m Restricted

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TSX-V-listed American Manganese on Thursday reported that a preliminary feasibility study for the fully owned Artillery Peak manganese project in Mohave county, Arizona, had revealed an “economically attractive” financial model. The project...
By: Henry Lazenby
17th May 2012
 
 
CAPITAL EXANSION

BHP may delay at least two mega projects to rein in spending Restricted

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BHP Billiton, the world's biggest miner, is likely to delay signing off on at least two mega projects after its chairman put the brakes on an $80-billion plan to grow the company's iron-ore, copper and energy operations, analysts say. Slumping...
By: Reuters
17th May 2012
 
 
IRON-ORE

Updated mineral resource estimate at Moonlight spurs confidence Restricted

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ASX-, Aim- and JSE-listed iron-ore developer Ferrum Crescent said the results of the updated Joint Ore Reserves Committee-compliant mineral resource estimate for its Moonlight iron ore deposit, in Limpopo, significantly increased confidence and...
By: Idéle Esterhuizen
16th May 2012
 
 
DIVERSIFIED MINERS

World’s biggest miner pulling in its horns Restricted

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The world’s biggest mining company is pulling in its investment horns. BHP Billiton chairperson Jac Nasser says that the investment climate has changed since the company spoke of spending $80-billion on project growth by 2015. “As much as...
By: Martin Creamer
16th May 2012
 
 
IRON-ORE

India invites China to set up pelletisation plants Restricted

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The Indian government has invited Chinese resource and steel companies to set up iron-ore pelletisation units in order to take advantage of the recently announced fiscal incentives to add value to the mineral. A memorandum of understanding has...
By: Ajoy K Das
16th May 2012
 
 
IRON-ORE

Light turns amber for iron-ore investment – BHP Billiton Restricted

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The light has turned amber for additional investment in iron-ore production, but it remains green for investment in copper, says the world’s biggest diversified mining company. A lower rate of growth is on the way in China’s demand for global...
By: Martin Creamer
15th May 2012
 
 
 
 
 
 
 
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