Global steel giant ArcelorMittal has announced that it is targeting $3 billion in savings by the end of 2015, by improving the reliability and productivity of its blast furnaces and cutting fuel costs. The steelmaker stated that the asset ...
Tags: Arcelormittal, Mineral, steel
According to the preliminary data released by Statistics South Africa, in January this year the country's mining production increased by 7.3 percent year on year, while the seasonally adjusted mining production index in January increased by ...
Tags: iron ore mining output, iron ore, mining
Reportedly, Tata Steel has injected CAD 30 million to acquire half the interest in Labrador Iron Mines Howse deposit in Canada estimated iron ore reserves of 28 million tonthrough its subsidiary TATA Steel Minerals Canada. This is ...
Tags: Tata Steel, Steel, Mine
The sharemarket roared back to life today with its biggest rise in the past eight months as investors snapped up bargains after a three-day decline. The benchmark S&P/ASX200 closed up 1.8 per cent at 5120.2 after hitting a seven-day low ...
Tags: Stocks, sharemarket, benchmark
The sharemarket rose this morning, with consumer staples and financials leading a broad-based recovery following lower-than-expected US jobless claims data. At 11.30am AEDT, the benchmark S&P/ASX200 was up 1 per cent at 5081.9 points. The ...
Tags: Stocks, sharemarket, benchmark
Australia's sharemarket roared back to life with its biggest rise in the past eight months as investors snapped up bargains after a three-day decline. The benchmark S&P/ASX 200 closed up 1.8 per cent at 5120.2 after hitting a seven-day ...
Tags: stocks, sharemarket, benchmark
The sharemarket fell sharply yesterday as iron ore prices declined and strong jobs news cooled hopes of interest rate cuts. Employment jumped by 71,500 places last month, the Australian Bureau of Statistics said. Economists had expected a ...
Tags: sharemarket, iron ore prices, iron ore
Brazilian iron ore mining company MMX announced Thursday that it will no longer pursue a Chilean mining project near Copiapo in northern Chile. Instead, MMX will focus on Brazilian iron ore projects. MMX had already made significant ...
Tags: iron ore mining project, iron ore mining, iron ore, mining
It was assessed by SunSirs that in the tracked 100 spot commodities,9 commodities increased in prices, 31 fell and 60 remained unchanged on 15/03/2013.The largest rises were Nickel (1.05%),Chloroform (0.74%),Toluene (0.62%),while the ...
Ferrexpo, Swiss-based iron-ore producer operating in Ukraine released its financial result for 2012. In 2012, the company realized net profits of US$215.6 million, slumping by 62.5% from a year ago. Its sakes revenues amounted ...
Tags: iron ore prices, iron ore, iron ore industry
Australian mining giant Rio Tinto remains committed to its $10 billion Simandou iron ore projects located in Guinea, West Africa, despite the slowdown in progress regarding development of the project, according to media reports. The ...
Tags: iron ore project, iron ore, mining
According to the data released by France's National Institute of Statistics and Economic Studies (INSEE), in February this year the prices of imported iron ore in France increased 2.3 percent month on month, following the 15.3 percent ...
Australia-based iron ore developer NSL Consolidated (NSL) has announced that it has signed a US$12.2 million joint venture agreement with India-based Vijay Group, according to which the parties will establish a strategic alliance that will ...
Tags: NSL Consolidated, joint venture agreement, Vijay Group
On March 12, Chinese steelmaker Pangang Steel Vanadium & Titanium Plant Co., a subsidiary of Sichuan Province-based Chinese state-owned steel producer Panzhihua Iron and Steel (Pangang Group), announced that its board of directors has ...
Tags: steelmaker, Pangang Steel, Raw Materials, Ansteel
Australia-based Fortescue Metals Group has announced that it has increased the resource estimate for its Nyidinghu iron ore project located in the Chichester Hub in the Pilbara region of Western Australia to 2.46 billion mt, adding 450 ...
Tags: Iron Ore, Metallurgy, Mineral, Energy