Brazil iron ore producer Vale, which has not been allowed to dock its ships at Chinese ports, could soon get permission to unload. According to media reports, the Chinese shipping industry, led mainly by Cosco, worked hard to keep out the ...
Tags: Iron Ore, Chinese Ports
Iron ore declined sooner than expected this year as supplies exceeded demand and prices are unlikely to recover, according to Goldman Sachs Group Inc., which said 2014 will mark the end of a so-called iron age. This year “is the ...
Australia-based Rio Tinto, the world's second biggest iron ore producer, has announced that it has reached an agreement to sell its coal business in Mozambique, which comprises the Benga coal mine and other projects in Tete province, to ...
Tags: Rio Tinto, agreemengt, Coal Business
Australian iron ore giant Rio Tinto has announced its financial results for the first half of 2014, posting a net profit of US$4.4 billion in the given period, increasing from a net profit of US$1.7 billion in the same period of the ...
In a statement released at the conclusion of its mission to Guinea, the International Monetary Fund (IMF) has said that the Simandou iron ore project of Australia-based miner Rio Tinto will contribute to a gradual pick-up in Guinea's mining ...
Tags: Mining Industry, miner
US-based multinational financial services corporation Morgan Stanley has reduced its iron ore price forecast for the current year, expecting a further decline in 2015 as well, since the seaborne supply growth has been faster than expected. ...
Tags: Iron Ore, Morgan Stanley
Australian miner Rio Tinto CEO Sam Walsh has talked to Bloomberg TV about the price volatility in the iron ore market, expressing confidence that Rio Tinto will be able to survive the decline in iron ore prices since it is the world's ...
Global aluminum producer Alcoa has offered third-quarter term shipments at a $408/mt premium to London Metal Exchange cash, CIF Japan, Japanese buyers said Thursday. The premium is for primary aluminum ingot to be shipped to Japanese main ...
Tags: aluminum, Japanese market
Import iron ore prices in China have undergone two rounds of declines so far in the current year, China's National Development and Reform Commission (NDRC) said in a statement issued on May 28. By March 10, import iron ore prices in China ...
Cadmium telluride (CdTe) thin-film photovoltaic module maker First Solar Inc of Tempe, AZ, USA, international mining group Rio Tinto and Australian solar energy firm Ingenero have announced an agreement for the development of the Weipa ...
Tags: Solar, Ingenero, Diesel-PV Hybrid
Miner Rio Tinto is to change the basis for the iron ore lump premium in its quarterly iron ore term contracts with Chinese mills to one based on a monthly average of weekly Platts spot lump assessments, from a fixed premium level set on a ...
The seaborne iron ore market ended a brief two days of gains Thursday as buying activity failed to hold up. Platts assessed the 62% Fe Iron Ore Index at $103.25/dry mt CFR North China Thursday, down 75 cents/dmt on the day. Despite spot ...
Tags: Iron Ore Market, Iron Ore
Australian miner Rio Tinto has announced that its Pilbara iron ore operations have reached a run rate of 290 million mt per year, two months ahead of schedule. Rio Tinto said that early completion of expansion has added significant value ...
China's steel production has plateaued and mills are focusing on complying with tougher anti-pollution measures instead of expanding capacity, a senior official at the China Iron and Steel Association (CISA) said on Wednesday. The fight ...
Tags: Steel Production, Iron, Steel
Australia-based miner Rio Tinto has announced that it has filed a complaint in the US District Court for the Southern District of New York against Brazil-based miner Vale and BSG Resources Limited regarding mining concessions in Guinea. ...
Tags: Rio Tinto, mining license