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
PTI quoted government auditor CAG as saying that state owned iron ore producer NMDC needs to come up with a specific strategy to acquire mines overseas. CAG in a recent report said that "Company has been making efforts to acquire mines ...
LOCAL shares closed higher today as US President Barack Obama cut short his Christmas holiday to return to Washington for talks aimed at resolving the so-called fiscal cliff. Investors in Australia's sharemarket remained optimistic that ...
Regent Pacific Group Ltd, the investment company that made an unsuccessful bid for BC Iron Ltd. last year, said that it may sell its 20% stake in the Australian iron ore producer to buy stakes in other miners. According to a statement ...
Tags: Regent Pacific Group Ltd, BC Iron Ltd, iron ore producer, Iron
Reuters reported that South Africa is drawing up laws to force platinum and iron ore miners to sell "small amounts" of production to local processors at a discount to diversify its economy. Mr Lionel October director general of the ...
Tags: platinum, iron ore miners, domestic metal, South Africa
China Vanadium Titano-Magnetite Mining Co the largest non-state owned iron ore producer in Sichuan province said that its parent made a buyout offer of as much as HKD 2.06 billion (USD 266 million). According to a Hong Kong stock ...
Tags: China, Vanadium, iron ore producer, parent
Iron ore producer BC Iron said that its USD 190 million deal with Fortescue Metals to boost output to 6 million tonnes will not be affected by any sale of Fortescue's infrastructure assets. Fortescue Metals Group said that it was in ...
Tags: iron ore, BC Iron, Fortescue Metals, infrastructure assets
Vale SA,the world's largest iron ore producer,climbed to a seven month high as prices for the steelmaking material rebound. Vale,based in Rio de Janeiro,climbed for an eighth day,gaining 1.7%to BRL 41 at the close in Sao Paulo,the highest ...
Tags: Vale SA, Iron, Prices, steelmaking material
Mining companies and investors including some heavyweight industrial combines in China are pouring into the region in a quest for iron ore, driving a railway building and mining boom whose worth JPMorgan Chase & Co recently estimated at USD ...
Tags: Mining, iron ore, railway, steel production
Mr Andrew Forrest chairman of FMG said that Chinese customers are buying about 95% of the ore mined by Australia's Fortescue Metal Group Ltd. China needs us to supply the iron ore. Due to the booming demand in Chinese market over the past ...
Tags: iron ore, booming demand, lower production, Chinese market
Reuters reported that Brazil's Vale, the world's top iron ore producer, has blamed a Guinean government U turn on rail and port links and shifting, unclear regulation for its decision to shelve the giant Simandou iron ore project. Vale ...
Tags: Brazil's Vale, iron ore, Guinean government U, shareholders
Reuters reported that the government of Guinea said that it will complete a review of the Vale/BSGR JV rights over the northern half of the giant Simandou project by the Q1 of 2013, denying there was uncertainty over the project. Brazil's ...
Tags: Vale/BSGR JV rights, iron ore, Brazil's Vale, Guinean government U
Of late, there are allegations that the nation's largest iron ore producer, government owned NMDC, is exporting it to Japan at a much lower price than what the domestic steel industry pays. Also, with Mr CS Verma being the chairman of ...
Tags: ore producer, NMDC, sponge iron
The Australian reported that Crusader Resources is set to become an iron ore producer in Brazil after finally receiving the required government approvals. The group's Posse project in Brazil's iron quadrilateral in Minas Gerais state ...
Tags: iron ore mine, Crusader Resources
Kumba Iron Ore Limited ("Kumba") announces the appointment of Norman Mbazima as CEO, effective 1 September 2012, following the appointment of Chris Griffith as CEO of Anglo American Platinum Limited. Mr Mbazima has been CEO of Anglo ...
Tags: Kumba Iron, Metallurgy, CEO