AUSTRALIAN iron ore producers, arguing for a freight premium to be included in this year’s contract prices with reluctant Chinese steelmakers, are expected to shrug off the emergence of a new iron ore exchange market created by Deutsche Bank and Credit Suisse.
The exchange gives smaller Chinese steel producers a chance to hedge their costs in [...]

WA’s $16 billion iron ore industry could be in for a shake-up, with a Government committee outlining a controversial new regime which obliges BHP-Billiton and Rio Tinto to haul smaller miner’s iron ore to port.
After taking two years to draft the ABC understands the long awaited Rail Haulage Regime will be released today for public [...]

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 [...]

The multi-billion dollar mining project in Mati City has caused rift not only between the mining companies involved in the project but also among indigenous people living in the area.
Mandaya tribal group chieftain Rufino Mapinogos, said in an interview at his residence in Barangay Macambol, that there are some lumads who oppose the mining project [...]

A Makati Regional Trial Court (RTC) has issued a writ of preliminary injunction against foreign-owned mining firm BHP Billiton, barring the company from operating in the Pujada Nickel mining site in the City of Mati, Davao Oriental.
In an Omnibus Order dated May 20, 2008, Judge Winlove Dumayas of the Makati RTC Branch 59 ordered BHP [...]

Global resources company BHP Billiton says it will probably do slightly better than ten per cent growth in oil production this year, but global oil supply is set to stay tight in the short term.
BHP Billiton’s president of petroleum, Mike Yeager, also said that no-one knew what would happen to oil prices, currently at record [...]

It’s taken almost four years and $3 billion, but Australia’s wealthiest individual Andrew “Twiggy” Forrest is about to turn his iron ore dream into reality.
The first commercial export shipment of his Fortescue Metals Group Ltd is due to commence loading on Thursday at Port Hedland in Western Australia’s remote Pilbara region.
The iron ore is from [...]

Minerals explorer Warwick Resources Ltd has identified its largest direct shipping iron ore target to date at its Woggaginna project in Western Australia’s Pilbara region.
The project contains banded iron formations, with corresponding zones of iron enrichment typically grading between 57 per cent and 63 per cent iron.
The news sent Warwick’s shares 10 cents, or 21.98 [...]

Pilbara explorer, Warwick Resources Limited announced its largest iron ore target to date following a detailed mapping and sampling programme at its Woggaginna project in Western Australia’s Pilbara region.
Woggaginna is located 55km southeast of Newman and 35km south of BHP Billiton’s Jimblebar iron ore mine and railway.
The Woggaginna project contains an extensive cluster of [...]

East West Resource Corporation is please to announce that a 3000 metre core drilling program to test as many as 27 targets has commenced on their Marshall Lake Property. 15 drill targets were selected from airborne electromagnetic (VTEM) anomalies generated in the fall of 2007. The remaining targets are Induced Polarization (IP) anomalies in [...]