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 the week ended March 31, coal shipments from the Port of Newcastle in Queensland, the coal producing state of Australia, totaled 2.84 million mt, according to Newcastle Port Corporation. The figure constitutes an increase of 1.6 percent ...
Tags: Coal Exports, Newcastle Port
In 2014, Australia's exports of metallurgical coal are expected to increase by an estimated 2.4 percent to 174 million metric tons, according to a report by the Australian Bureau of Resources and Energy Economics (BREE). Over the period ...
Tags: Iron Ore Exports, metallurgical coal, mines
According to a report in Forbes Wednesday, Vale might have to forfeit $1 billion in investments at the Simandou iron ore deposit in Guinea if the Guinean government accepts the recommendations of a committee set up to review mining ...
Recent declines in the price of iron ore have not disrupted contractual commitments with customers, a senior Rio Tinto official said Tuesday. "We haven't seen any impact in shipping commitments," said Andrew Harding, Rio Tinto's chief ...
South Africa-based miner Coal of Africa has announced that in the first six months ended on December 31 it registered a net loss of $46.3 million, down from a net loss of $111.7 million in the corresponding period of the previous year. In ...
Tags: Coal, Mineral, miner Coal
Coal shipments to South Korea from Port Waratah Coal Services' terminals at the Australian port of Newcastle slumped 55% from January to 993,000 mt in February, the company said Thursday. The drop comes after Port Waratah's terminals ...
Tags: Coal Imports, Newcastle Port, Coal shipments
Iron ore exports from Port Hedland in Western Australia fell 1.8% to 27.7 million mt in February, from 28.2 million mt in January, data released by the port authority Thursday showed. Of the total, 21 million mt went to China, 2.7 million ...
Tags: Iron Ore, Manganese ore
Around a quarter of Australian metallurgical coal is sold on a spot basis following a significant increase in production and the fact that the primary buyer, China, prefers short-term pricing, an analysis of Platts data and a survey of ...
Tags: Coal Market, Spot Pricing
Capesize iron ore freight rates fell across most routes Thursday, as charterers took advantage of a relatively quiet trading day to press rates down in the Pacific. Fixture activity in the Pacific slowed Thursday after a flurry of ...
Tags: Iron Ore, Limited Fixtures
Iron ore supply may exceed demand growth rates in China later in 2014 as the nation has recorded slow steel production rates since the start of the year and is currently operating at an annualized rate of 730 million mt, BHP Billiton CEO ...
Japan-based Nippon Steel & Sumitomo Metal Corporation (NSSMC) and Mitsui & Co., Ltd. (Mitsui) have announced that Robe River Iron Associates, the joint venture company formed by Australian miner Rio Tinto, Mitsui and NSSMC, will invest in ...
Tags: Iron Ore Mine, Mineral
Commission encourages Chinese steelmakers to boost global footprint Chinese steelmakers that have lost money because of volatile global iron ore prices should invest more in foreign mineral resources to gain greater pricing power, the ...
Tags: NDRC, Chalco, steelmaker, persist
ZHANG CHENGLIANG/CHINA DAILY Although China's economic growth is slowing down, ongoing urbanization will still strongly support demand for iron ore and steel products for a long time. "We have confidence in China's iron ore demand because ...
The price of iron ore is predicted to drop this year as growth of China's steel production slows and the supply of raw materials from international mining giants increases, according to industry experts. An estimate from UBS AG earlier ...
Tags: Iron Ore, Raw Materials