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Iron Ore Majors Must Cut 'like It's 1994' to Halt Further Price Drop: Investec
Dec 16, 2015Major iron ore producers will have to cut production like aluminum producers did in 1994 to halt the current slump in spot prices, investment bank Investec said in a note Tuesday. "In our view if iron ore prices prevail at current levels ...
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India Fomento to Ship Its 1st Iron Ore Since Mining Ban Nov 5-15: Sources
Nov 4, 2015West coast Indian miner Fomento Resources has offered a cargo of 57%-Fe iron ore fines material through a spot tender Thursday, making this the first iron ore shipment the miner will send out of Goa after the state's mining bans were ...
Tags: Fomento Resources, seaborne prices, Iron Ore
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Brazil's Water Transport Authority Antaq Authorizes Start-up of Operations of Sudeste Port
Oct 21, 2014Brazil’s water transport authority Antaq has authorized the start-up of operations of the Sudeste Port, according to information made available in the Diario Oficial, the country’s official gazette. According to the document, ...
Tags: water transport, iron ore
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Chinese Shipping Industry Worked Hard to Keep out The Brazilian Ships
Sep 22, 2014Brazil iron ore producer Vale, which has not been allowed to dock its ships at Chinese ports, could soon get permission to unload. According to media reports, the Chinese shipping industry, led mainly by Cosco, worked hard to keep out the ...
Tags: Iron Ore, Chinese Ports
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Vale to Sell Its Oil and Gas Assets to Concentrate on Iron Ore
Sep 13, 2014Brazilian mining and iron ore producer Vale is selling its oil and gas assets to focus solely on iron ore, local Brazilian reports said. According to media reports, one the remaining upstream oil and gas licenses Vale had was now sold to ...
Tags: Oil, Gas, Iron ore, Metallurgy, Mineral
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Usiminas Said It Could Increase Its Share of Iron Ore Exports Through The Sudeste Port
Aug 15, 2014Brazil flat steel and iron ore producer Usiminas said it could increase its share of iron ore exports through the Sudeste port, which is being built in Itaguai, Rio de Janeiro, an executive said. Talking to journalists in the sidelines of ...
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Rio Tinto Has Reached an Agreement to Sell Its Coal Business in Mozambique
Aug 12, 2014Australia-based Rio Tinto, the world's second biggest iron ore producer, has announced that it has reached an agreement to sell its coal business in Mozambique, which comprises the Benga coal mine and other projects in Tete province, to ...
Tags: Rio Tinto, agreemengt, Coal Business
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Toronto Has Announced Its Financial Results for The First Quarter
Aug 12, 2014Toronto, Ontario-based iron ore producer Labrador Iron Mines Holdings Limited (LIM) has announced its financial results for the first quarter ended on June 30 of the financial year 2014-15. LIM reported a net loss of C$4 million in the ...
Tags: Iron Mines, Mineral
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Iron Ore Prices Since It Is The World's Lowest-Cost Iron Ore Producer at $20/Mt
Jun 6, 2014Australian miner Rio Tinto CEO Sam Walsh has talked to Bloomberg TV about the price volatility in the iron ore market, expressing confidence that Rio Tinto will be able to survive the decline in iron ore prices since it is the world's ...
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Ongoing Urbanization Will Still Strongly Support Demand for Iron Ore and Steel Products
Jan 20, 2014ZHANG 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 ...
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LKAB Has Announced That in 2013 It Shipped 25.5 Million Mt of Iron Ore in 2013
Jan 10, 2014Swedish-based iron ore producer LKAB has announced that in 2013 it shipped 25.5 million mt of iron ore, down 3.04 percent compared to the previous year, while the company's iron ore production in the given year also stood at 25.5 million ...
Tags: LKAB, Iron Ore, Steel News
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China's Pangang Produced 12.07 Million Mt of Iron Ore Concentrate From Its Mines
Jan 9, 2014Panzhihua Iron & Steel Group, or Pangang, in southwest China's Sichuan province produced 12.07 million mt of iron ore concentrate from its mines in the Panzhihua area of Sichuan last year, which was up 14.3% on 2012 and a record high for ...
Tags: Iron Ore, Iron Ore Concentrate
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Sesa Goa Received Permission From The Monitoring Committee
Dec 31, 2013Indian iron ore producer Sesa Goa has announced that it has received permission from the monitoring committee appointed by India's Supreme Court to resume mining activities at its Karnataka mine. Accordingly, the company has commenced its ...
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Labrador Iron Mines' Sales Revenues Rise by 22 Percent Year on Year
Nov 18, 2013Toronto, Ontario-based iron ore producer Labrador Iron Mines Holdings Limited (LIM) has announced its financial results for the second quarter ended on September 30 of the financial year 2013-14. LIM reported a net loss of C$24.9 million ...
Tags: Iron Mines, Mineral
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China Commodity Exchange Launched First Iron Ore Futures with Physical Delivery
Oct 22, 2013China's Dalian Commodity Exchange on Friday launched the country's first iron ore futures with physical delivery, which ended the trading day with smooth performance. The May 2014 contract, the most actively traded of the day, rising 1.77 ...
Tags: Iron Ore Futures