Australian iron ore miner Atlas Iron Limited has announced its financial results for the financial year 2013-14 ended on June 30. According to the results, in the given period Atlas recorded a net profit of A$17 million, compared to a net ...
Chinese companies are increasing their interest in buying mining companies in Mexico, not just exploring sites, said Humberto Gutierrez-Olvera, president of the Mining Chamber of Mexico (Camimex) this week. Gutierrez-Olvera said Camimex ...
Tags: Mining, Mineral, Metallurgy
As of August 25, inventory of iron ore at 33 major Chinese ports amounted to 109.34 million mt, up 0.54 million mt or 0.5 percent week on week, as announced by China's Xinhua News Agency on August 26. As of the same date, the Xinhua-China ...
Tags: Iron Ore Inventory, Chinese Ports, Energy
Long held assumptions about the direction and dynamics of the iron ore market have been severely tested in 2014. After hitting a high of $158.90 in February, the industry was jolted on March 10, when iron ore suffered the worst one-day ...
Tags: Iron Ore, raw material
Global mining deals picked up in the first half of 2014 and are likely to continue that way for the rest of the year, a SNL Metals & Mining study released Friday shows. Both the averages of price paid and value of acquired commodities ...
Speaking at the 2014 China Coal, Coke & Steel Industries Conference (CCIC) held in Qingdao on August 21, Wang Xiaoqi, vice chairman of the China Iron and Steel Association (CISA), stated that in the first seven months of the current year ...
Tags: Crude Steel, Metallurgy
Australia-based mining and materials company Arrium Limited has issued its financial results for the financial year 2013-14 ended June 30. In the given period, Arrium achieved an underlying net profit of A$296 million, rising 83 percent ...
Tags: Arrium Mining, materials
UK-based London Mining, a global diversified miner targeting the steel sector, has announced its financial results for the first half of 2014, posting a net loss of $12.6 million, growing from a net loss of $5 million in the corresponding ...
Tags: London Mining, steel sector
Listed companies in Japan saw average pretax profits rise 2% on the year in the April-June quarter, despite April’s consumption tax hike. Automakers and consumer electronics companies were among the top performers in a Nikkei pretax ...
Tags: Automakers, Electronics
Australian iron ore miner Fortescue Metals Group has announced its financial results for the financial year 2013-14 ended on June 30. During the given period, Fortescue's net profit amounted to US$2.73 billion, rising 56 percent compared ...
Tags: Fortescue Metals Group, Results, Energy
Australian mining company BHP Billiton has announced its financial results for the year ended June 30 this year. According to the company's financial statement, BHP Billiton has posted a net profit of US$13.83 billion for the financial ...
Tags: BHP Billiton, Financial Results, Energy
As of August 18, inventory of iron ore at 33 major Chinese ports amounted to 108.8 million mt, down 0.47 million mt or 0.43 percent compared to the inventory level recorded on August 11, as announced by China's Xinhua News Agency on August ...
Tags: Chinese Ports, Down, Mineral
International credit rating agency Fitch Ratings has affirmed mining company Samarco’s rating at BBB, with a stable perspective, it said recently. The rating is based on Samarco’s highly profitable operations, low-cost ...
Tags: Fitch Ratings, BBB, Energy
According to the preliminary data released by Statistics South Africa, in June this year the seasonally adjusted index of iron ore mining production in South Africa decreased by 5.8 percent, while the country's manganese ore production ...
According to a report Thursday from the Lake Carriers' Association, iron ore shipments on the Great Lakes totaled 7,231,506 tons in July, the highest level since July 2008 when 7,318,961 tons were loaded at U.S. and Canadian ports. This ...