SteelHome Iron Ore Price Index closed at 156.01 points December 17th,up 1.87 points from the previous trading day. To be specific,domestic iron ore price index came at 139.15 points,up 1.35 point or CNY 9.0 from the last trading ...
Tags: Iron Ore, Price Index, China
African Minerals continues to ramp up production at the Tonkolili iron ore mine in Sierra Leone. But, due to the impact of the extended wet season, it is likely that shipped production for the full year will fall below previous guidance. ...
Tags: African Minerals, iron ore mine, wet season, Guidance
Brazilian iron ore mining company MMX SA announced that on December 3rd,the Board of directors of MMX approved a capital increase of approximately BRL 1.4 billion,upon private subscription of new common,registered,book entry shares of no ...
Tags: MMX SA, iron ore mining, capital increase
Trend magazine reported that Austria's group Voestalpine is considering a plan to build a USD 1 billion plant in the United States that would convert iron ore into concentrate used in steelmaking. Trend said the plant was envisioned for a ...
Tags: iron ore, concentrate, steelmaking, coastal city, steel sector
Business Line reported that the government of Odisha has asked the state's iron ore merchant miners to supply half of their mined lumps and fine to local standalone units. Early, it had directed merchant miners to allocate 50% of the ore to ...
Vale SA has initiated paying USD 674 million to the Brazilian government for violating an agreement over mining royalties. Vale as decided to settle a10 year old dispute with Brazil's federal government, agreeing to pay 3 installments of ...
Tags: mining royalties, planned level, earnings, iron ore prices, ore exports
Western Desert Resources is securing complete control over the Tianda iron ore lease in the Northern Territory under a sales and purchase agreement with Tianda Resources. Tianda EL 25688 is one of two tenements that make up the Mountain ...
THE Australian sharemarket hit a fresh 17-month high today as US lawmakers inched closer to a deal on the fiscal cliff problem. Utilities, energy, industrials, telecommunications, materials and financial stocks mostly rose despite some ...
Tags: Investor Sentiment, fiscal, cliff problem
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
During the SteelOrbis fall 2012 conference&67th IREPAS meeting held in Munich on September 30-October 2,Peter Marcus from World Steel Dynamics(WSD)has assessed the current situation in the world steel industry and provided an outlook for ...
Tags: SteelOrbis, 67th IREPAS meeting, Munich, WSD
Fortescue Metals Group Ltd recently received the total net proceeds of AUD 190 million from BC Iron Ltd in relation to the sale of a 25%interest in the Nullagine Iron Ore JV. Effective from 1st January 2013,Fortescue will hold a ...
Tags: Fortescue Metals, total net proceeds, Nullagine Iron Ore JV
Great Northern Iron Ore Properties announced a quarterly dividend of December 17th. Stockholders of record,December 31st will be paid a dividend of USD 5.25 per share on Thursday,January 31st.This represents a USD 21.00 annualized ...
Tags: GNI, dividend, Stockholders
Despite a tough time for the global resources sector over the past 12 months due to plunging commodities prices and ailing Chinese demand, Australia's iron ore exports are believed to have risen by 10% YoY in 2012 with more substantial ...
Tags: global resources, plunging commodities prices, ailing Chinese demand
Business Standard reported that the Odisha government recently found itself in a tight spot over the role of its PSU Odisha Mining Corporation in excess production with the opposition pointing out that the state owned miner had extracted ...
Tags: excess production, OMC, coal Mining
The sharemarket fell slightly in quiet trading yesterday as global equity markets awaited the outcome of negotiations to avoid the so-called fiscal cliff that threatens to slow the US economy next year unless politicians reach agreement on ...
Tags: sharemarket, fiscal, Banks, Share trading volume