Essar Ports Ltd, a Ruia owned unit of the USD 17 billion Essar group, which was earlier known as Essar Shipping Ports and Logistics Ltd, plans to concentrate on expanding its existing ports. Mr Rajiv Agarwal MD of Essar Port Ltd said that ...
Tags: container ports, steel plate, inr indian rupee, coal terminals
Two people familiar with the matter said that JSW Steel Ltd is facing its first annual drop in output in at least 10 years because of a shortage of iron ore at its biggest mill. The people said that production at the Vijayanagar plant in ...
Tags: iron ore price news, steel scrap price, steel supplies
Reuters reported that spot iron ore touched 6 week lows as demand from top buyer China declined in tandem with falling steel prices, putting the raw material on course for its first monthly loss in 3. For November, iron ore is down 2% ...
Tags: spot iron ore, falling steel prices, first monthly loss
Bloomberg reported that MMX Mineracao & Metalicos SA, the mining company controlled by billionaire Mr Eike Batista, led the Brazilian Bovespa index after saying it will sell BRL 1.37 billion of new shares, reducing funding concerns for its ...
Tags: iron ore price news, gold shares, stock market prices, stock and shares
Bloomberg reported that iron ore shipments from Australia advanced to a record in October as a strengthening Chinese economy boosted demand. According to government data compiled, exports gained 7.6% from September to 44.2 million metric ...
Tags: iron ore, industrial output, exports, Steel
Ferrum Americas Mining Inc announced that drilling on the company's Cerro Rojo iron ore project in Bolivia has returned the highest grading results to date. Diamond drill hole CR12-16 intersected 94.4 meter grading 52.1% Fe including a ...
Tags: Diamond, Metallurgy, Mineral
Base metals at LME posted major recovery last week on signs of improved demand for the industrial metal from China and the US highlighting market's belief that demand is going to be significantly improved in 2013. London Metal Exchange ...
Government has repossessed Mwanesi iron ore deposits in Chivhu paving way for Essar Africa Holdings to resume operations at NewZim Steel. The deposits were subject to a legal wrangle as a former Zisco employee Mr Roderick Mumbire ...
Tags: iron ore deposits, operations, steel, investment
Indian Express reported that the Indian steel companies' consortium that won the bid for the Hajigak iron ore mine in Afghanistan will have to finance the INR 40,000 crore to explore the mine and set up a steel plant from their own pocket ...
Tags: steel, project, finance ministry
Financial cited Mr Guy Elliott CFO of Global miner Rio Tinto Plc as saying that the company which has already sold assets worth USD 12 billion since 2008 sees substantial cash coming in next year from the sale of further operations ...
Tags: Pacific aluminium and diamonds businesses, mining group, Rio Tinto Plc
Zhanjiang, a port city in South China's Guangdong province, will build iron ore logistic center together with Vale in order to push steel and petrochemical projects in Zhanjiang. Currently two parties have signed strategic cooperation memo, ...
Tags: iron ore, logistic center, steel, petrochemical projects
vanguardngr reported that Ajaokuta Steel Company was a big dream, and Mr Noel Onoja remembers with nostalgia the splendor of the complex, and the dream that it had the potential to place the country on the path of international industrial ...
Tags: steel, Metallurgy
As announced by China's National Bureau of Statistics, total iron ore inventory at thirty major ports in China amounted to 77.83 million tonne, declining by 2.83 million tonne WoW, the 6 consecutive WoW decrease and down 19.07 million tonne ...
Tags: Iron, Metallurgy
Teknomining Plc announced that through its wholly owned subsidiary Teknomining Madencilik Insaat Turizm Ithalat Ihracat Sanayi Ve Ticaret Ltd Sti, it has signed a Mining Royalty Agreement with Teysel Insaat Nakliyat Taahhut Ticaret Ltd to ...
Tags: mining, iron ore price news, copper ore mining, royalty interests
According to foreign trade department Secex, Brazilian iron ore exports totaled USD 2.64 billion in November, with daily average shipment figures down 28.2% YoY. The country exported 32.6 million tonne of iron ore in November from 32.7 ...
Tags: iron ore price news, steel scrap price, scrap metal, iron ore