Bloomberg quoted Alphabulk as saying that Vale SA, the world’s biggest iron ore exporter, may have paid about USD 158 million more for shipping in the past 19 months by using the largest available carriers rather than smaller vessels. ...
Tags: Vale SA, iron ore, Alphabulk, iron market
Business Standard reported that JSW Steel Limited is likely to take further cuts in steel production if the iron ore supply situation does not improve in the next one month. As per report,JSW is currently working with an inventory ...
Tags: JSW Steel, Iron Ore, Production
Proactive Investors reported that Mamba Minerals will raise USD 787,500 through the private placement of 3.5 million shares at USD 0.225, in a deal arranged by Capital Investment Partners to Michael O’Keeffe. O’Keeffe was the ...
Tags: Proactive Investors, Mamba Minerals, private placement, Minerals
Business Standard reported that the vigilance department in Odisha has initiated cases against mine owners in connection with illegal mining. Mr Rajani Kant Singh minister for steel & mines said that the miners against whom cases have ...
Tags: vigilance department, Odisha, mine, illegal mining
According to RBC Capital's Robin Kozar, the recent strength in iron ore prices is sustainable into the Q1 of 2013 as light supplies from India, declining inventories in China, healthy margins in China and seasonal weakness in the Chinese ...
Tags: RBC Capital, Robin Kozar, iron ore, prices
Reuters reported that South Africa wants to impose export curbs on minerals such as platinum and iron ore as part of a drive by the ruling African National Congress to create more jobs in industry in the continent's biggest economy. The ...
Tags: South Africa, minerals, platinum, iron ore
Ridgemont Iron Ore Corporation said that the final set of assay results have been received from the 2012 drill program on its Lac Virot iron project in the Labrador Iron Trough. The Lac Virot Iron project is comprised of approximately 114 ...
Tags: Ridgemont Iron Ore, drill program, Lac Virot iron project
The Hong Kong Company announced that IRC has exceeded its iron ore production targets for the year. IRC, which produces industrial commodities in the far east of Russia and north east of China said that it surpassed its target of 820,000 ...
Tags: IRC, Hong Kong Company, iron ore production, 2012
Business Line cited the Steel Ministry saying that NMDC would review its pricing mechanism. This is the fallout of the CAG report tabled on December 20th Thursday, the public sector iron ore miner has incurred losses of more than INR 1,500 ...
Tags: NMDC, pricing mechanism, CAG, iron ore miner
Shares in Ferrum Crescent jumped 10% as it released an operational summary of its activities in 2012. However, these include a new joint ore reserve committee compliant resource at Moonlight Iron Ore Project of 307.8 million tonnes at ...
Tags: Ferrum Crescent, operational summary, 2012, resource
The international credit ratings agency Standard and Poor's has announced that the France based seamless steel tube producer Vallourec will maintain its strong market positions in premium steel pipes and connections for the oil and gas ...
Tags: Standard and Poor, seamless steel tube, Vallourec, market positions
Metallurgical Corporation of China has decided to shelve an AUD 3 billion iron ore project in Western Australia as well as shut its Perth headquarters and withdraw all but five of its staff. The Australian said that that the state owned ...
Tags: Metallurgical Corporation, iron ore project, iron ore mine, iron ore
Reuters quoted Anglo American Plc as saying that an injunction blocking installation of an electricity transmission line at its Minas-Rio iron ore project in Brazil has been lifted, clearing the final hurdle for the project. A ...
Tags: Anglo American Plc, iron ore, mine
African Minerals Limited recently disclosed in a regulation filing that it now prefers to expand its existing rail and port infrastructure in Pepel, rather than develop a new port at Tagrin Point. This revised expansion is expected to ...
Tags: AML, African Minerals Limited, regulation, rail, port infrastructure
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