China is finding it harder than expected to clear out iron ore stocks that are overwhelming its ports, a senior official said on Wednesday, as stocks creep up past 80 million tonnes.
Severe congestion at northern Chinese ports is contributing to a rise in freight rates, which hit all-time highs last week.
That in turn has weakened Chinese steel mills’... 
Black Fire Energy announced that they have entered into a conditional Heads of Agreement to acquire a 100% interest in AICO Ado Ibrahim Mining Company in Kogi State, Nigeria. The Company reported it is to acquire advanced package of iron deposits; and package contains six projects containing magnetite style mineralisation – potential for hematite...
Maximus Resources announced that Company commenced exploratory core drilling of the magnetite iron ore and vanadium potential at its Canegrass Iron Ore Prospect. RC traverse drilling is expected to commence in latter part of June. Original Announcement: Drilling Commences at Canegrass Iron Ore Prespect, WA
Mining and natural resource group Anglo American Plc. said Chris Griffith has been appointed chief executive officer of its Kumba Iron Ore unit effective July 1, replacing Ras Myburgh.
Griffith is currently responsible for all joint ventures operations at Anglo Platinum Ltd, which is 74.8 percent owned by Anglo American.
Myburgh is taking up a secondment...
Houston Lake Mining Inc. is pleased to report it has completed the second half of a 5,008 metre (16,426 ft.) diamond drill program on its West Cedartree Gold Project. As the Company awaits assay results, it has begun a new summer exploration program at West Cedartree.
The second half of the spring 2008 program was initiated in February and comprised...
African Minerals Ltd. said it sold 7,218.86 carats at $345.84 per carat, realising gross sale proceeds of $2.5 million, at its fourth sale of rough diamonds.
The mineral exploration company said Special Diamond Company Ltd., a subsidiary company of Overseas Diamonds N.V., undertook the sale.
The sale of diamonds, which attracted 10 buyers, was fully...
Orissa-based Vedanta Alumina Limited (VAL) is set to export bauxite powder overseas from the Deep Water Port with the setting up of three silos here.
Kakinada Sea Port Limited (KSPL), in association with Chettinad Port Limited, had constructed these silos at an investment of Rs 80 crore, which have a capacity of 67,500 tonnes. Around 20,000 tonnes of...
With the mining industry generally being regarded as a male dominated industry, Tritton Copper Mines has launched a campaign to attract females to work in their underground operations.
Tritton Copper Mines is currently undertaking a major expansion of its operations with an expansion of the processing plant and the development of two new underground...
Zijin Mining Group Co. Ltd. has completed its initial feasibility study on a gold-copper mine in Benguet province owned by Far Southeast Gold Resources Inc. (FSGRI).
China’s second largest gold miner is in the process of negotiating a final agreement, it said in a disclosure filed with the Shanghai Stock Exchange.
Listed local miner Lepanto Consolidated...
Copper King Mining Corporation, an ore mining, processing, and exploration company located in Southern Utah, today announced further updates concerning its mining and processing operations near Milford, Utah.
Copper King announced today that the Flotation’s Mill’s prime electrical contractor, A&F Electric of Milford, Utah, commenced electrical...
Pacific Energy Development and Blast Energy Services Sign Merger Agreement
Pacific Energy Development Corp. (“PEDCO”), a privately-held oil and gas company engaged...
Silvore Fox Updates Progress on Winston Lake and Coxheath
Silvore Fox is pleased to announce that they have received the results of the Geotech Ltd VTEM...
Goldcorp Supports Acquisition Of Primero Mining Corp By Northgate Minerals Corporation
GOLDCORP INC. today agreed to support the proposed transaction by which Northgate Minerals...