iron ore

(Newser) - "We have lost a Brazilian of extraordinary entrepreneurial vision," Dilma Rousseff, the country's president, said in a statement Sunday, per Reuters . Her mournful message announced the death of 56-year-old banker Roger Agnelli, who turned a Brazil mining company into the world's largest iron-ore producer and made...

(Newser) - Mexican drug cartels are expanding their Mafia-like hold on the country's economy by diversifying into many other sectors, even including mining, the AP finds. Officials say that in addition to stealing shipments of iron ore and extorting payments from transport and mining companies, the cartels are now illegally extracting...

(Newser) - Rio Tinto today rejected a $147.4B bid from rival mining giant BHP Billiton, the Wall Street Journal reports. Although the bid would have been one of the largest takeovers ever, Rio is holding out for a sweeter deal. "BHP Billiton's offers, while improved, still fail to recognize the...