Mozambique to cooperate with Japan in natural resources

The governments of Mozambique and Japan signed a Memorandum of Understanding (MoU) last week covering cooperation in the area of natural resources, with especial reference to coal, petroleum and natural gas. The the MoU was signed in Tokyo by...

Concern over proposed amendments to Mozambique’s mining law

The proposed amendments to Mozambique’s mining legislation could discourage international entities from investing in the coal-laden country, as it will raise the level of uncertainty in investment security, market research company Frost &...

Robe River mine, Australia

An openpit mine, situated in Australia.

Macarthur Coal picks Cordilla project to develop

ASX-listed Macarthur Coal on Monday selected the Cordilla coal deposits as the fourth operation earmarked for development. The coal miner said that it had evaluated a number of development opportunities but settled on the Cordilla project, which...

Rio exports 3-billionth ton of iron-ore from Australia

Diversified giant Rio Tinto has reached the milestone of exporting three-billion tons of iron-ore from Australia, highlighting the growth of the Pilbara region, since the first shipment of iron-ore in 1966. The three billionth ton was loaded on...

Daily podcast – June 2, 2009

In today's podcast: Chinese steel mills are to offer a new proposal in benchmark iron ore price talks; and criminal charges have been laid against 294 illegal miners at one of South African gold major Harmony Gold's old shafts.

Daily podcast – May 28, 2009

In today's podcast: Fortescue Metals Group says Chinese steel mills are unlikely to get a better deal for iron-ore purchases than the 33% reduction agreed by rivals; and the settlement between Rio Tinto and Japanese steelmakers to cut iron-ore...

Daily podcast – May 27, 2009

In today's podcast: BHP CEO Marius Kloppers voices doubts about the durability of recent strong Chinese demand for commodities; and Chinese steelmakers will reject a 33% cut in iron-ore prices agreed by mining company Rio Tinto and Japan's Nippon...

Daily podcast – May 26, 2009

In today's podcast: Wesizwe Platinum signs a formal agreement with US-based investment fund YA Global Investments, or Yorkville, for a three-year R550-million standby equity facility; and South Africa's diamond production is likely to continue its...

Iron industry booming – UN

The iron ore boom continues unabated and even accelerated in early 2008, states the United Nations Conference on Trade and Development Iron Ore Trust Fund in its yearly iron ore market review report, The Iron Ore Market 2007-2009, was published...

Vale settles iron-ore price hikes, Rio Tinto wants more

The world's biggest iron-ore producer, Companhia Vale do Rio Doce (Vale) has secured hefty price increases for its product from key Japanese and Korean steelmakers. The companies, which include South Korean firm Posco and Japan's...

Iron-ore previously considered waste turned to saleable product

Most of the �healthy� pipeline of projects of the Anglo American-controlled JSE-listed Kumba Iron Ore are aimed at increasing resource utilisation.