mineral exploration project – commodity prices – mining stock- trade and market

A cyclone packing winds up to 285 km per hour forced iron ore miners on northwest Australia’s Cockatoo Island to evacuate but posed little concern for larger mining operations out of the storm’s path.

HWE Mining Pty Ltd, which mines about about 300,000 tonnes of iron ore annually in partnership with U.S.-based Cliffs Natural Resources, has moved 36 of its Cockatoo Island workers to a safety shelter, it said in a statement on Wednesday.

Rio Tinto Group, the world’s third- largest mining company, will reinstate a $371 million automated train program at its iron ore operations in Australia as the global economy continues to recover from recession.

“They...

Mining group Xstrata has made its first entry into the iron ore sector by funding an exploration project in the Republic of Congo.

Anglo-Swiss Xstrata will pay at least $50...