Ferro Iron Ore Corporation announced that it intends to complete a non brokered private placement financing for gross proceeds of up to USD 1,000,000. In connection with the private placement, Ferro will sell up to 4,000,000 common shares ...
Atlas Iron Limited announced that it has completed the Company's previously foreshadowed USD 325 million financing package,ensuring Atlas remains firmly on track to meet its Pilbara iron ore production target of 12 million tonnes per annum ...
Tags: Atlas Iron, financing package, Pilbara iron ore, capital management
BIMCO's latest forecasts for dry bulk prospects next year suggests China's hunger for iron ore and coal will be stronger. BIMCO's chief shipping analyst Mr Peter Sand said that "As we are heading into 2013, iron ore demand from the ...
Tags: BIMCO, dry bulk prospects, iron ore, coal, steel
Fortescue Metals Group Ltd has reached an agreement with BC Iron Ltd in relation to the Nullagine Iron Ore Joint Venture including a 25%partial divestment of Fortescue's interest for total net proceeds of AUD 190 million. Fortescue and BC ...
Tags: Fortescue Metals Group, BC Iron, Nullagine, agreement
Havilah Resources NL announced that a significant new iron ore discovery at the Grants prospect in the Braemar Iron Ore Province in northeastern South Australia.The discovery has no overburden and is 8 kilometer from the Transcontinental ...
Tags: havilah resources NL, metallurgy, mineral energy, discovery
The West Australian reported that the most senior Chinese official to visit the barren Oakajee port site since the USD 6 billion venture hit a funding brick wall says the Middle Kingdom is frustrated that its many iron ore mines in the Mid ...
Tags: barren Oakajee port site, brick wall, iron ore, Oakajee project
Imported iron ore market,improved by 2%breaking 10 days hiatus.The prices of raw materials went up while,prices of steel products kept stable,indicating a typical sign of rebound. Increased steel production touching 1.9599 million tonne ...
According to an analysis of the industry by Frost & Sullivan, huge infrastructure spending in the Middle East is driving strong demand for steel and fuelling investment in steel projects. Crude steel production in the Middle East has ...
Tags: huge infrastructure, steel, steel projects, rude steel production
II . Economy i. GDP The GDP of Sichuan province in 2005 reached 738.511 billion Yuan, per capita GDP achieved 9,060 Yuan. The volume of primary industry, secondary industry and tertiary industry accounted for 149.57 billion Yuan, 305.27 ...
Tags: Sichuan, business, introduction to Sichuan, Sichuan economy, survey
PTI reported that the National Green Tribunal has directed an iron and steel plant near an airport in Jharsuguda district of Odisha be not allowed to reopen till allegations against it of polluting the environment and being a hazard to ...
Tags: PTI, National Green Tribunal, iron plant, steel plant
Visa Steel, which went into a corporate debt restructuring program 2 months ago, might try to bring in a strategic investor in its core long steel business. Mr Vishal Agarwal MD of Visa Steel said that "In the special steel business, we ...
Tags: Visa Steel, core long steel, steel business, raw material
II . Economy i. Data of GDP The total output value of Shanxi Province in the year 2005 reached RMB 412.12 billion Yuan, Per capita gross output valve was RMB 12,320 Yuan, which is equivalent to US $1,530 according to the current ...
Tags: Shanxi, business, introduction to Shanxi, Shanxi economy, survey
Bloomberg reported that South Africa’s Cabinet endorsed measures that seek to cut local steel prices including the possibility of new export taxes on steel and iron ore. A group set up by the Department of Trade and Industry in 2010 ...
Tags: South Africa, steel price, steel, iron
Bloomberg reported that iron ore inventories in China,the biggest user of the steelmaking ingredient,dropped to the lowest levels in 2 years as higher demand pushed up prices. According to weekly data from researcher Beijing Antaike ...
Proactive Investors reported that UBS has taken a closer look at Ferrexpo and sees no reason to change its positive stance on the Swiss iron ore company. UBS analyst Mr Myles Allsop said that while Ferrexpo is set to increase pellet ...
Tags: UBS, Ferrexpo, iron ore, freight costs