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Reuters : Brazil's Vale SA Expects a Huge Derivatives Market in Iron Ore

Dec 12, 2012

Reuters reported that Brazil's Vale SA expects a huge derivatives market in iron ore to eventually take shape as players seek hedging instruments to minimize risk from increasingly volatile prices. Mr Jose Carlos Martins who runs the iron ...

Tags: iron ore price news, iron fx, derivatives market, steel scrap price

Outokumpu Delivered Duplex Stainless Steel

Dec 12, 2012

Outokumpu delivered duplex stainless steel for biogas tanks built by German biogas tank manufacturer Börger GmbH. Tanks built in LDX 2404® and LDX 2101® are now up and running. Lean duplex stainless steel is proving to be an ...

Tags: stainless steel, construction material, biogas tanks

How The Balochistan High Court Could Said That The Company Had Vested Rights

Dec 12, 2012

Chief Justice of Pakistan Iftikhar Muhammad Chaudhry quizzed a counsel for Tethyan Copper Company (TCC) for his claims of vested interests in award of mining lease for exploration of precious minerals resources in Reko Diq area of ...

Tags: jobs in mining, mining gold, copper mining news, mining exploration

Tension Prevailed at The Anrak Alumina Refinery Plant Area Here

Dec 12, 2012

TOI reported that tension prevailed at the Anrak alumina refinery plant area here on Wednesday after police authorities arrested a group of agitating farmers for trying to prevent lorries carrying raw materials from entering the plant. ...

Tags: TOI, alumina refinery, raw materials, agitating farmers

Estrella Gold Corporation Announced Yanac Property as JV Project

Dec 12, 2012

Estrella Gold Corporation announced that Cliffs Natural Resources Exploration Inc a wholly owned subsidiary of Cliffs Natural Resources Inc has accepted the Yanac Property as JV Project. Cliffs and Estrella each now hold 50% interest in the ...

Tags: copper mineralization, porphyry system, Yanac

Market Is Abuzz About a Q1 Deal at USD 165 Per Tonne of Peak Downs Coal by BHP

Dec 12, 2012

Market is abuzz about a Q1 deal at USD 165 per tonne of Peak Downs coal by BHP. Coming under shadow of an expected roll over of Q4 price at USD 170 per tonne it has punctured façade of confidence building up recently. Surfing the ...

Tags: spot market, quality coke, steel mills

MAX Resource Corporation Entered Into a Mining Lease and Option to Purchase Agreement

Dec 12, 2012

MAX Resource Corporation has entered into a Mining Lease and Option to Purchase Agreement with Claremont Nevada Mines LLC of Nevada and JR Exploration LLC of Utah whereby MAX can acquire 100% interest in the Majuba Hill Silver, Copper and ...

Tags: drilling, soil geochemistry, porphyry system

Paradigm Metals Is Set to Commence an IP Geophysical Survey

Dec 12, 2012

Paradigm Metals is set to commence an IP geophysical survey at the Yellow Mountain project JV located in the Lachlan Fold Belt of New South Wales. Paradigm holds a 30% interest and can move to 51% by spending USD 400,000 by March 31st ...

Tags: Paradigm Metals, porphyry system, drill testing

Vedanta Group Is Likely to Close Its One Million Tonnes Alumina Refinery

Dec 12, 2012

PTI reported that Vedanta group is likely to close its one million tonnes alumina refinery at Odisha's Lanjigarh from December 5th 2012 a move which would impact about 7,000 jobs in the Eastern state. The mining conglomerate which runs ...

Tags: jobs in mining, copper mining news, mining, aluminium

Pacific Imperial Mineracao Do Brasil Ltda Was The Successful Bidder

Dec 12, 2012

Pacific Imperial Mines Inc announced that the Company, through its Brazilian subsidiary, Pacific Imperial Mineraçao do Brasil Ltda was the successful bidder and has been awarded a 100% interest in the Marcionilio Nickel and Copper ...

Tags: nickel, copper, CBPM

All Purchases From The First Tranche of Bailout Package Are According to The ECC & CCOR

Dec 12, 2012

BR reported that PSM spokesman clarifies that all purchases from the first tranche of bailout package are according to the ECC & CCOR instructions and procurement of two ships of coal does not create any mismatched spending as the ...

Tags: bailout package, Purchases, iron ore

The Bi Monthly Steelbenchmarker TM Chinese HRB Ex Work Soared 5.0% to USD 523 Per Tonne

Dec 12, 2012

The bi monthly SteelBenchmarker TM Chinese HRB ex work soared 5.0% to USD 523 per tonne, for the fourth consecutive time. The World export HRB price increased 1.5% to USD 542 per tonne, FOB the port of export, for the second consecutive ...

Tags: SteelBenchmarker, HRB, HRB price, price convergence

The Broner Systems Will Be Closely Coupled with JSW's SAP Systems

Dec 12, 2012

Broner Metals Solutions announced that it has been selected by JSW Steel Ltd to implement a world class Production Planning and Scheduling solution together with Broner's MES solution, for the JSW Vijaynagar Integrated steel complex The ...

Tags: steel systems, stainless steel, steel rolling, steel structure

The Company Has Received Assay Results

Dec 12, 2012

Mr Greg Myers CEO and President of Caza Gold Corporation announced that initial reconnaissance sampling has identified a large area of mineralized and silicified igneous rocks containing up to 45.9 grams per tonne gold and 1.82% copper at ...

Tags: magnetite and specular hematite, copper stained rocks

Avanco Resources Has Made Its Widest Copper Intercept at Its Pedra Branca Project

Dec 12, 2012

Avanco Resources has made its widest copper intercept at its Pedra Branca project in Brazil supporting its belief that it could host a larger copper discovery than anticipated. Hole APDB-12-24 in its second drill program returned an assay ...

Tags: copper, drilling, gold

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