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Iron-ore prices may stay at lows of $70/t to 80/t for as long as three years, former BHP Billiton executive Alberto Calderon warns, and fund adviser Liberum cautions that fourth-quarter supply restock is unlikely to lift prices as in prior years....
19th September 2014

Mining giants may hoard cash as iron ore prices sag

Sagging iron ore prices raise the prospect the world's biggest miners will shelve plans to return excess cash to shareholders in February, despite promises to investors who had hoped to reap the benefits of two years of austerity. Stung by slower...
17th September 2014

Avanco announces Antas ore reserves

Base and precious metals miner Avanco Resources has reported a maiden Joint Ore Reserves Committee-complaint reserve of 2.64-million tonnes at its Antas copper deposit, in Brazil. Grading 3.19% copper and 0.66 g/t gold, the project is estimated...
17th September 2014

Market doldrums support ‘good times for streaming firms’ – Smallwood

Silver Wheaton president and CEO Randy Smallwood The current sideways-to-down market was providing good opportunities for the handful of precious metals streaming firms which were consistently turning a profit – albeit at lower margins – despite the continued doggedly low commodity price...
17th September 2014

Students need to become ‘imagineers’, academic urges

Dr Ronny Webber-Youngman University of Pretoria (UP) Department of Mining Engineering (DME) head Dr Ronny Webber-Youngman believes mining engineering students need to become “imagineers” and work on developing safer and more efficient mines of the future using virtual...
16th September 2014

Aguia's concept study in Brazil proves up

ASX-listed Aguia Resources on Tuesday reported that a concept study into its Tres Estradas phosphate project, in Brazil, had delivered positive results. The study estimated that Tres Estradas could produce about 350 000 t/y of single...
16th September 2014

As mining curbs bite, India offers market to glut-hit iron-ore

An oversupplied global iron-ore market may find some relief from an unlikely source as former No.3 exporter India turns into a big importer due to a cutback in domestic production. The country may ship in up to 45-million tonnes over the next...
16th September 2014

Brazil's Vale signs iron-ore shipping deal with China's Cosco

Brazilian miner Vale reached a deal with China Ocean Shipping Co (Cosco) for transporting iron-ore, a move that could help the Brazilian miner resolve a costly two-year ban on docking its mega-ships at Chinese ports. Vale said in a statement that...
12th September 2014

MBAC restarts SSP production after working capital drought

Brazil-focused fertiliser producer MBAC Fertilizer this week announced that it had restarted continuous single super phosphate (SSP) production at its Itafós operations, in Brazil, after receiving funds from the Santander working capital facility...
12th September 2014

Carajás S11D iron-ore project, Brazil Restricted

Power and automation giant ABB has secured a $103-million contract to fit the S11D iron-ore mine with electrical and automation systems.
12th September 2014

The quest for improved agricultural productivity spurs investor interest

Rising demand for protein and more sophisticated diets in developing countries are spurring investors to get excited about investing in fertilisers. The ‘protein story’ was still providing a good thesis for investment, as the developing world...
11th September 2014

Avanco awarded licence for Antas copper project

Copper developer Avanco Resources has been granted a mining licence for Stage 1 of its Antas copper project, in Brazil. MD Tony Polglase said on Thursday that the mining licence provided a clear pathway towards construction, and allowed Avanco to...
11th September 2014
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