Noront agrees to sell stake to Baosteel, shares rise

Shares in junior Noronto Resources jumped 8% on Monday, after saying that a top Chinese steel group will buy a 9,9% stake in the company, and could boost its holding to almost 20%. A subsidiary of the Baosteel Group will buy shares and warrants...

Baosteel receives investment review board approval for Aquila acquisition

ASX-listed diversified miner Aquila Resources on Monday reported that the proposed investment by Chinese steel manufacturer Boasteel, of A$285,6-million by way of a subscription of shares in Aquila, has been approved by the Australian Foreign...

Daily podcast - March 25, 2008

In today's podcast: Sasol unveils South Africa's largest-ever empowerment deal, ANC NEC member Ncumisa Nkondlo dies in East London, Rio Tinto would like to work with Chinese state firms to develop mining projects around the world, and...

Commodity shipping costs on Panamax vessels may rise on supply

The cost of transporting coal, iron-ore and other so-called dry-bulk commodities on medium-sized ships, at its highest in more than two years, may rise because fewer larger vessels are available for hire.