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 three coal terminals at Australia's Newcastle port increased their combined shipments of thermal and coking coal 39% week on week to 3.45 million mt on Monday, hitting a 13-week high, according to Newcastle Port Corp. data released ...
Tags: Terminals'Coal, coal
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
In April this year, manganese ore shipments from Australia's Port Hedland totaled 117,325 metric tons, decreasing by 35.97 percent from 183,220 metric tons in March and up 118.06 percent compared to the same month of 2013, according to the ...
Tags: Manganese Ore, Port Hedland
Glencore Xstrata produced 1.5 million mt of coking coal in the January-March quarter, falling 17% year on year and down 12% from the previous quarter, the company said in its production report published Tuesday. It ascribed the fall in ...
Tags: Metallurgical Coal, Glencore
In April this year, iron ore shipments from Australia's Port Hedland increased by 1.13 percent compared to March and were up 33.89 percent year on year, totaling 34.82 million metric tons. According to the information released by Port ...
Tags: Iron Ore, iron ore shipments
Rates and sentiment on the iron ore freight market got a boost Friday after Bocimar International NV was heard taking at least six ships in the Atlantic over the May Day holiday in Asia, putting an end to the downward spiral in Capesize ...
Tags: Iron Ore, freight market
The expected growth in global steel demand through 2050 may require a tripling of current seaborne metallurgical coal exports, which may be tough for miners to deliver, according to forecasts delivered Monday by two consultants. An annual ...
Tags: steel demand, steel production
Australian miner BHP Billiton today celebrated the official opening of its new Jimblebar iron ore mine, which is located at 40 kilometres east of Newman in the Pilbara region of Western Australia. Jimblebar delivered first production in ...
Tags: BH Billiton, Iron Ore
Iron ore Capesize freight rates continued to edge down this week, with expectations that rates could see further contraction in the next week, market sources said Thursday. The West Australia to Qingdao iron ore Capesize market was active ...
Tags: Iron Ore, freight rates, miner
BHP Billiton has lifted its production guidance for Western Australian iron ore to 217 million mt for the 12 months to June 30, up by 5 million mt from its earlier estimate, the Melbourne-based miner said Wednesday. The "relatively ...
Tags: Iron Ore, BHP Billiton
Australian miner BHP Billiton has announced its production results for the third quarter and the first nine months ended March 31, 2014, lifting its iron ore production guidance for the financial year 2013-14 by five million mt to 217 ...
Tags: Iron Ore, BHP Billiton
As of April 7, inventory of iron ore at 33 major Chinese ports amounted to 108.28 million mt*, as announced by China's Xinhua News Agency. As of the same date, the Xinhua-China Iron Ore Price Index for imported iron ore with 62 percent ...
Tags: Iron Ore, Metallurgy, Mineral
In March this year, manganese ore shipments from Australia's Port Hedland totaled 183,000 metric tons, increasing by 245.70 percent from 53,000 metric tons in February and up 38.54 percent compared to the same month of 2013, according to ...
Tags: Ore Exports, ore shipments
Colombian exports of ferronickel, a processed metal used in the manufacture of stainless steel, totaled 10,516 mt in February, up 46.3% from the 7,187 mt shipped in February 2013. The month's export volume, however, was down 18.1% from ...
Tags: ferronickel, stainless steel, Cerro Matoso