A Vancouver native, Charlotte recently graduated from Simon Fraser University, where she majored in English and Humanities. During her time there, SFU’s Writing and Communications program caught her attention, and she began working towards a Certificate in Editing. After completing an editorial internship at Vancouver’s Western Living magazine in the fall of 2010, she knew that she wanted to pursue editing further.
Charlotte is excited to have joined the Investing News Network as an editorial assistant, and looks forward to gaining more knowledge about the commodities sector. She plans to complete her certificate in the spring of 2013.
EPC Engineer reported that Rio Tinto has installed a new shiploader at the new wharf at Cape Lambert. The shiploader is a major part of the company’s Pilbara expansion, which is progressing on schedule, and has a nominal annual capacity of 55 million tonnes.
Reuters reported that BHP Billiton Ltd. (ASX:BHP,NYSE:BHP,LSE:BLT) has responded to allegations from China’s National Development and Reform Commission that the top three iron ore miners — BHP, along with Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) and Vale (NYSE:VALE) — and some traders manipulated the markets to show a shortage of iron.
Reuters reported that Hanlong Group, a privately owned Chinese company, is in talks with four of China’s state-owned steel mills with the aim of choosing one of them to be its partner for Sundance Resources Ltd.’s (ASX:SDL) Africa-based, $4.7-billion Mbalam iron ore project.
Kazax Minerals Inc. (TSXV:KZX) announced that it has wrapped up the acquisition of a 75-percent interest in the Lomonosovkoye Limited Liability Partnership Element GmbH, which holds unrestricted exploration and production rights for the Kazakhstan-based Lomonosovskoye iron ore deposit.
Mineweb reported that Northland Resources SA (TSX:NAU) is struggling to deal with a $425-million shortfall related to its Sweden-based Kaunisvaara iron ore project since canceling plans to raise $375 million through equity and bonds. As a result, it may have to think about selling some of its assets.
Reuters reported that Anglo American plc (LSE:AAL) is considering partnering up with another company to run its flagship Minas Rio iron ore project, which is located in Brazil. The project is currently struggling after being hit with delays and cost overruns.
Reuters reported that ArcelorMittal (NYSE:MT) will sell its 15-percent stake — worth $1.1 billion — in ArcelorMittal Mines Canada, its Canadian unit, to a consortium that includes China Steel (TPE:2002) and South Korea’s POSCO (NYSE:PKX).
The Australian reported that Fortescue Metals Group Ltd. (ASX:FMG) has sold 50 percent of its stake in its Nullagine joint venture with BC Iron Ltd. (ASX:BCI) for US$199 million. The sale may indicate that Fortescue is close to restarting its Kings mine.