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Mining Trade and Market Rumor: Iron Ore Supplier Trying Pressure China Steelmaker


Global iron ore suppliers are trying to impose pressure on Chinese steelmakers and the China Iron & Steel Association (CISA) by spoofing, namely, spreading rumors.
Lately, there were foreign media reports saying that five major Chinese metallurgical companies had reached a temporary iron ore supply price with Vale, and BHP Billiton, rising 35% from USD 62 [...]

China to Invest Billions Dollars in Canadian Mining Company


One of the Asian economic superpower, China secretly increase investment in Canadian mining company. China investments through the purchase of Canadian mining company shares. China Investment Corp. already has a gold mining company shares Canadian Kinross Gold Corp. (K-T17.87-0 .68-3, 67%) and Potash Corp. of Saskatchewan, (POT T109.34-1-.71-1, 54%).

British Mining Company Rio Tinto Reported Iron Ore Production In The Third Quarter Increased 12 Percent


UK’s biggest mining company Rio Tinto reported iron ore production until the third quarter increased 12 percent from last year. Increased production of iron ore produced from the combination of two mining company Rio Tinto. Two mining companies combined yaiut Plc and Rio Tinto Ltd. Rio Tinto.

Monglia Need $ 25 Billion Investment For The Development Of The Mining Sector


Mining sector in Mongolia has the potential to be done in the exploration and development, thus increasing income countries and help the development of other sectors. Development of mining sector in Mongolia disrupted because there are some policies and requirements desired by the Mongolian parliament, so that some investors make it difficult to develop mining [...]

Auex Ventures Project To Continue Drilling And Exploration Of Gold In Elko County


AuEx Venture is a company focused on projects and exploration drilling mine. The company has experienced in the survey area to mine the potential for mining exploration activities conducted. This company handles the initial stage of drilling and production activities carried out before the mine.

BHP and Rio Tinto Iron Ore Joint Venture, Positive for Brazilian Mining Company


BHP and Rio Tinto’s $140 billion iron ore joint venture has been good news for Brazilian iron ore giant Vale, according to a senior figure in Brazil’s asset management industry — one of the world’s top 10.
“The fact of the merger will be seen as positive for Vale,” said Itau-Unibanco Asset Management global product specialist [...]

Australian Mining Companies Plans Into Oppurtunities in Coal Mine Exploration and Hard Rock Mining in Vietname


Australian companies joining the first Austrade Mining Mission to Vietnam will visited Vinacomin’s coal mines in Quang Ninh province yesterday, beginning a three-day program to gain an insight into opportunities in the coal and hard rock mining sectors.

Massive Options Trade Signals Gold Mine Producer


My Options Radar was buzzing late in the day following a massive trade in the Gold Miners ETF.
Trade Breakdown
Gold Miners (GDX) saw a very large institutional player come in yesterday with a large trade that hit the ISE at 3:55pm when 30,000 September $28 puts were sold close to the bid;

Chinese Steel Industry Increase Demand and Iron Ore Mine Import


A Chinese domestic steel mill, Tangshan Ganglu Iron and Steel Co., Ltd., has been using 100 percent imported iron ore in production since March — though in January, domestic iron ore made up for about 30 percent of the total raw materials.