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China's CITIC poured another $495 million into its Sino Iron magnetite project in the first half of the year, with figures released yesterday showing the company lost at least $21 a tonne on iron ore exports in the six months to June 30.
Iron ore miner and steelmaker Arrium has completed the first stage of its $754 million capital raising as it looks to pay down its debt.
High-cost Australian miners are battling for survival as plunging iron ore prices push many to breaking point, with analysts seeing no significant short-term recovery as Chinese demand for steel wanes in line with sliding property prices.
A summary of trading in key commodities markets overseas:

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Should inefficient minesite equipment and poorly managed machinery be blamed for lower productivity in the mining sector?

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