Rio Tinto Puts $4+ Billion Where its Mouth is: Iron Ore

June 20, 2012 by prospectingjournal · Leave a Comment 

COMMENTARY—ProspectingJournal.com—Defying the current trend of economic uncertainty, which has mainly focused around growing fears of a slowdown in China, Rio Tinto has stayed its bullish course towards iron ore. In today’s media release, Rio announced that it will spend US$4.2 billion to develop its iron ore business in Australia and West Africa. According to Rio, [...]

Iron Ore, Brazil, & Vale: This Junior Has All Three

February 29, 2012 by prospectingjournal · Leave a Comment 

ANALYSIS—ProspectingJournal.com—As Brazil powers through the global financial downturn, investors are eager to take advantage of its reputation as one of the world’s top iron ore producers. And of the country’s various geological hotspots, the renowned Iron Quadrilateral in the state of Minas Gerais is attracting an abundance of miners. Among the juniors with strategic projects [...]

China Eyes West Africa’s Iron Ore: Junior Posts Positive Drill Results

September 28, 2011 by prospectingjournal · Leave a Comment 

ANALYSIS—ProspectingJournal.com—Despite the ongoing economic turmoil and growing concern over a slowdown in global steel production, Chinese demand for iron ore remains strong. Having imported 618 million tons last year, China is by far the world’s largest iron consumer. China only produces 14% of the world’s Fe, while consuming approximately 50% of it. With 85% of [...]

We’ve Only Just Begun: China’s Influence on African Mining Development

August 5, 2011 by prospectingjournal · Leave a Comment 

ANALYSIS – ProspectingJournal.com – Chinese firm Sichuan Hanlong recently made a big statement with its $1.5 billion takeover bid for Australia’s Sundance Resources [SDL – AX]. However, this statement wasn’t directed towards mining in Australia, as the target was Sundance’s Mbalam project located in the new iron ore frontier of West Africa. With potential for [...]