The prospects for Australia's biggest commodities export continue to worsen in the eyes of forecasters, with the federal government's forecaster wiping $66 billion from expected iron ore export revenue out to 2016-17 and leading global ...
Tags: iron ore export revenue, sharemarket, share
Swedish-based iron ore producer LKAB has announced that it has signed a seven-year purchase agreement with UAE-based Emirates Steel for delivery of one million mt of direct reduction pellets each year. LKAB indicated that this agreement ...
Tags: Emirates Steel, iron ore producer, iron ore
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
Toronto, Ontario-based iron ore producer Labrador Iron Mines Holdings Limited (LIM) has announced that it has entered into a framework arrangement with Tata Steel Minerals Canada (TSMC), a subsidiary of India-based steel giant Tata Steel ...
Tags: Steel Minerals, LIM, Steel
Australia’s Fortescue Metals Group, the world’s No.4 iron ore producer ranks behind Rio Tinto, Vale and BHP Billiton, reported 40% profit fall in first-half. Iron ore price fell sharply and costs rose as it ramped up ...
Tags: iron ore producer, iron ore, Iron ore price
Swedish-based iron ore producer LKAB has issued its financial results for the fourth quarter and the full year 2012, stating that the company's production and shipments reached record high levels in the fourth quarter, while lower iron ore ...
Tags: iron ore prices, iron ore producer, iron ore
Indian iron ore producer Sesa Goa has announced its financial and operational results for the third quarter and the first nine months ended on December 31 of the financial year 2012-13. In the third fiscal quarter, Sesa Goa's net profit ...
Australia-based iron ore producer Admiralty Resources has announced that it has increased its iron ore resource estimate for its Mariposa iron ore project in Chile to 174.5 million mt from 87.8 million mt. Following the doubling of the ...
Australia's third-biggest iron ore producer Fortescue Metals Group Ltd (Fortescue) has announced its operating results for the fourth quarter of 2012. Fortescue said in its statement that its total iron ore shipments during the December ...
Tags: iron ore shipments, iron ore, Metals Group
Swedish-based iron ore producer LKAB has announced that in December it has received the permit to resume operations at Gruvberget open-pit mine in Svappavaara, marking an important step for the company's plan to reach an annual output ...
Tags: Sweden, iron ore producer, LKAB, mine
Bloomberg reported that the USD 1.1 billion purchase of a stake in ArcelorMittal Canadian iron ore unit by China Steel Corporation and POSCO increased interest in Canada’s ability to meet Asian demand for the steelmaking raw material. ...
Tags: ArcelorMittal, Canadian iron ore unit, China Steel Corporation, POSCO
Swedish-based iron ore producer LKAB has announced that in 2012 it shipped a record level of 26.3 million mt of iron ore, 300,000 mt above the previous annual record registered in 2010, including 22 million mt of pellets in 2012, beating ...
Tags: iron ore producer, LKAB, 2012, iron ore
Economic Times reported that just days after the state auditor faulted it for not having a specific strategy to acquire mines abroad, India's largest iron ore producer NMDC, which is sitting on a big cash hoard, it is not in any rush to buy ...
Tags: mining, India, NMDC, iron ore, foreign mineral assets
Australia-based iron ore producer Gindalbie Metals Limited (Gindalbie) has announced that it has shipped the first magnetite concentrate cargo from its Karara iron ore project in Western Australia via Karara Export Terminal in Geraldton. It ...
Bloomberg reported that trading in iron ore swaps, used to bet or hedge on the future cost of the steelmaking commodity, rose almost threefold to a record this year as prices slumped to the lowest in nearly three years before rebounding. ...
Tags: iron ore, steelmaking commodity, future cost, SGX AsiaClear