Afferro said that it has brought forward the deferred element of the sale of its 38.5% stake in the Putu iron ore project in Liberia by 6 months. It means it will receive an injection of USD 50 million from Russian steel giant Severstal ...
Tags: Afferro Mining, Metallurgy, Mineral, iron ore
THE Australian sharemarket fell slightly in quiet trading today 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 lawmakers reach ...
Business Line reported that delay in allotment of coal and iron ore mines, increasing imports of iron ore by India and the failure of domestic steel makers to reach production targets so far this year. Affected by different regulatory ...
Tags: Iron Ore, Steel Output, India
South American Iron & Steel Corporation has been placed in pre open pending capital raising details. The company has projects in both Ecuador and Chile. The halt will last until the earlier of an announcement being made to the market, ...
Tags: Iron&Steel, magnetite iron ore, Metallurgy
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 ...
Tags: Directs Miners, Iron Ore, Mineral, government of Odisha
Business Spectator reported that Fortescue Metals Group Ltd has upgraded the size of the resource deposit at its Iron Bridge project in Western Australia's Pilbara. In a statement to the Australian Securities Exchange, Fortescue said the ...
Tags: FMG, Business Spectator, resource deposit, Iron Bridge project
Following the go ahead by the Reserve Bank, banks have begun restructuring the loans worth around INR 1,300 crore given to iron ore miners and other stakeholders such as truckers and shipping lines. The Goa Chamber of Commerce and ...
Tags: mining sector, iron ore miners, Loan servicing, Mining
According to National Bureau of Statistics, China produced 24.635 million tonnes of crude iron ore in November this year, rising 14.1% YoY but falling slightly from 124.853 million tonnes in October. Total crude ore output in the first 11 ...
Tags: crude iron ore, iron ore, China, iron industry
Iran exported some 775,361 tonnes of iron ore in the first 8 months of the current Iranian calendar year which began March 20. The amount shows a 27% decrease compared to the same period last year. Iran's domestic need for steel ...
Tags: Iran, iron ore, iron export, steel production
Standard & Poor's analyst Rafaela Vitoria said that demand for steel in Latin America is likely to increase 3-5% in 2013 on the back of GDP growth. Ms Vitoria told the S&P Global Metals & Mining 2013 Outlook that "A gradual ...
Tags: steel, Latin America, steel demand, GDP growth
The ratings on the Russian vertically integrated steel group OAO Severstal are constrained by our view of the highly cyclical, capital intensive and competitive nature of the steel industry. Steel margins are relatively weak and in our ...
Tags: OAO Severstal, steel industry, Russia, steel
Sina Finance quoted Mr Zhu Jimin chairman of China Iron & Steel Association as saying that China offshore iron ore equities will rise to 150 million tonnes in 2015 from currently 60 million tonnes, reported on December 8th. According ...
Tags: iron, steel, offshore iron ore equity, China
Business Standard reported that NMDC Ltd is working out a method to enter into long term supply contracts with buyers for its iron ore produced and sold through e-auctions in Karnataka. The company, in its recent submission to the ...
Ahead of the first tranche of 9.59% disinvestment of government ownership of 99.59% of Hindustan Copper Limited, India’s only vertically integrated producer of the red metal, the company’s share traded in small lots at up to INR ...
Tags: India, red metal, copper, metal industry, copper price
Economic Times cited a top industry official as saying that the country is likely to import around 15 million tonnes of iron ore this financial year following the virtual halt of mining operations in different parts of the country. Mr ...
Tags: iron ore, mining operations, Federation of Indian Mineral Industries