Bulgaria’s regulatory authorities have cleared ArcelorMittal subsidiary Mittal Steel Holdings AG to buy a number of Russia-based coal mining assets from Severstal (RTS: CHMF), the regulator said in a statement.
ArcelorMittal said on January 31 that it was buying a number of coal mining assets in [...]

A powerful category-three cyclone has formed off the northwest coast of Australia and is likely to move south or southeast, potentially threatening production at some offshore oil fields.
Australia’s Bureau of Meteorology said on Wednesday that tropical Cyclone Pancho was located 1,208 km (750 miles) west of the Exmouth region at 4 p.m. local time and [...]

Atlas Iron reported on continued exploration success from its tenements, located between 75 and 150km from Port Hedland in the Pilbara of WA. Recent geological mapping and surface sampling has highlighted exploration targets with combined potential for 120 to 180Mt of iron ore grading 57 to 60% Fe. The prospects discovered have subsequently been ranked [...]

Monday, the media reported that the Indian Government-owned National Mineral Development Corporation Ltd., or NMDC, the largest iron ore producer and exporter in India, is negotiating with Canadian-based New Millennium Capital Corp., or NML, to develop one of the world’s largest underdeveloped low-grade magnetite iron-ore deposits project, valued at $3.5 billion or Rs.14,000-crores.
Besides developing the [...]