India's Steel Authority of India Limited (SAIL) will resume supplies of low grade iron ore fines from its dumps and tailing ponds to India-based pellet manufacturer KIOCL Limited for conversion to pellets, an official at India's Ministry of ...
Ferrexpo, Swiss-based iron-ore producer operating in Ukraine released its financial result for 2012. In 2012, the company realized net profits of US$215.6 million, slumping by 62.5% from a year ago. Its sakes revenues amounted ...
Tags: iron ore prices, iron ore, iron ore industry
Swiss-headquartered iron ore miner Ferrexpo, whose main interests are in Ukrainian iron ore assets, has announced its financial results for 2012. In the given period, Ferrexpo's net profit decreased by 62.5 percent to $215.6 million ...
Tags: Metallurgy, Mineral, Energy, iron ore, iron
Pakistan Steel Mills (PSM) have plans to increase capacity from the current 38% to 60% in the coming months after receiving a 55,000 ton cargo of iron ore fines from Australia. PSM has been purchasing iron ore from Iran with long term ...
Tags: iron ore, Steel Mills, PSM
Sweden-based mining and exploration company Dannemora Mineral has issued its financial results for the fourth quarter and the full year 2012. In the fourth quarter, the company registered a net loss of SEK 104.4 million ($1.65 million), ...
US iron ore production in 2012 has been estimated at 53.2 million mt,down slightly compared to the 54.7 million mt recorded in 2011, owing to reduced steel consumption and destocking, according to the "US Geological Survey, Mineral ...
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has warned that reducing India's 30 percent export duty on iron ore will harm the domestic steel industry which is currently experiencing a structural deficit of iron ore ...
Tags: ASSOCHAM, iron ore, India, metal industry
Business Standard reported that Indian steel mill’s dependence on pellets as a raw material is set to increase by at least 13% points in the next two years, due to shortage of high grade iron ore in India. Data compiled by OreTeam ...
Tags: India, steel mill, pellets, raw material
Union Steel Minister visited Afghanistan in April, 2012 and an MoU on Cooperation in the field of Steel Sector was also signed between Minister of Steel, Government of India and Minister of Mines, Islamic Republic of Afghanistan. Earlier, ...
Tags: Afghanistan, 2012, JV, Steel PSUs
Business Standard reported that the Comptroller and Auditor General of India has rapped the Karnataka government for its failure to initiate any time-bound action plan to monitor the implementation of the Karnataka Mineral Policy 2008. ...
Tags: mining, Mineral, minerals extracted, iron ore fines, iron ore
Iron ore fines FOB India Grade Change Fe 63.5/63% 8% Fe 63.5/62.5% 9% Fe 63/62% 9% Fe 62/61% 9% Fe 61/60% 9% Fe 60/59 % 10% ...
Tags: Iron Ore, metal market, steel price, India
In order to conserve iron ore resources of the country for long term domestic value addition, export duty on all varieties of iron ore has been increased from 20% to 30% ad valorem with effect from December 30th 2012. Chrome is used in ...
Tags: iron ore resources, iron ore, steel manufacturing, chrome
FIMI has pitched for a drastic reduction in export duty on low grade iron ore to 5%from the present 30%,the current rate has rendered shipments unviable. Mr RK Sharma secretary general,Federation of Indian Mineral Industries said that"We ...
Tags: FIMI, iron ore fines, Federation of Indian Mineral Industries
Iron ore price hurtled on Monday by an impressive 3% touching USD 130 per tonne marking the biggest daily gain in two months, Led by strong anticipation of inventory pile up by steel mills as the recharged industry with strongest PMI of ...
Tags: Iron Ore, Construction, Gala Time
Business Standard reported that NMDC Ltd is working out a method to enter into long term supply contracts with buyers for its iron ore produced and sold through e-auctions in Karnataka. The company, in its recent submission to the ...