The biggest iron ore producer company of Australian, Fortescue Metal Group Ltd., will expansion of mining exploration. To support expansion plan of mining exploration, the company plans to sell extraordinary share.
Fortescue wants to almost triple output to feed rising demand from steel mills in China and benefit from record prices. The first expansion stage to […]

It has been another bumper year for Anglo-Australian mining giants BHP Billiton and Rio Tinto as the arm-wrestle over a hostile takeover bid intensifies.
Both companies are using exceptional profits, fuelled by China’s insatiable demand for Australian resources, to press their respective claims in this long-running merger saga.
Rio Tinto has used its strong half-year results to […]

It’s like coal-mining,” BHP Billiton CEO Marius Kloppers says of potash-mining.
Demand for potash has surged, driving prices into orbit, after the market spent the last three decades in surplus, with the last new mine being built more than 20 years ago.
Kloppers says that, just like coal-mining, a continuous miner is installed and basic board-and-pillar mining […]

Pike River Coal has reported a $1.14 million loss for the year to the end of June, which the company said reflected the development phase of its new mining operation and related one-off costs.
First production of premium hard coking coal from the new Pike River mine under the Paparoa Range on the West Coast was […]

Researched by Industrial Info Resources, In a bid to counter the adverse effects of soaring iron ore prices and secure a stable supply of raw material, Japanese steel majors are teaming up to jointly acquire overseas iron ore mining rights and share the purchase costs among themselves. The consortium is initially eyeing a stake in […]

Citic Pacific will expansion of iron ore mine exploration in Australian. Expasion planning of mine exploration will result happened increase of company operating expenses.
Chairman Larry Yung said today at a press conference in Hong Kong. The company plans to expand from an expected 27.6 million metric tons of annual output, he said, without giving details.

Yandi is exploration of iron ore mine owned by BHP Billiton, mined this iron ore stopped some times ago, because the happening of accident in location of mining.
based on report result of exploration of iron ore mine year in this location, exploration of iron ore mine can yield iron ore around 40 million tonnes or […]

Revenue report and company advantage of the biggest mining company of world, Rio Tinto, gives a real big hope at mining exploration. In reporting improvement of advantage is caused the increasing of demand from China for mining exploration result products.
Net profit for the six months to June 30 climbed by 112.5 per cent on the […]

Rio Tinto reports profit increases with existence of request of iron ore and metals.
Improvement of profit by Rio because of existence of increase of the price of commodity especially the price of iron ore.
Advantage of Rio is noted during finite six-month of June 30 1125 percent, to $691 billion from $325 billion.

China Mine Exploration Company, Shenhua Energy Net Income Jump 160 percent. Angang Steel also slipped 0.8 percent.
Hong Kong shares posted their biggest single-day jump in five months on Monday, rising 3.5 percent as most blue chips rebounded following a Wall Street rally.
Though spurred by bargain hunting and short covering, market watchers expect the rally […]