Union Steel Minister visited Afghanistan in April, 2012 and an MoU on Cooperation in the field of Steel Sector was also signed between Minister of Steel, Government of India and Minister of Mines, Islamic Republic of Afghanistan. Earlier, ...
Tags: Afghanistan, 2012, JV, Steel PSUs
PTI quoted CAG as saying that delays in awarding contracts have nearly trebled iron ore miner NMDC’s cost for developing two deposits to INR 15.06 billion. NMDC, which has around 16% share of the country’s total iron ore ...
Tags: NMDC, iron ore miner, iron ore, miner, iron ore production
Gindalbie Metals Limited has made the first magnetite concentrate shipment from its Karara Iron Ore Project in Western Australia. The 55 thousand tonne shipment was completed on New Year’s Eve and set sail yesterday bound for ...
Tags: Gindalbie Metals Limited, magnetite concentrate shipment, China
AAP reported that Fortescue Metals Group shares are heading towards a 6 month high after breaking through USD 5 amid global optimism and an increase in the iron ore price. The Pilbara focused iron ore miner closed 2.4% higher at USD ...
Tags: Fortescue Metals Group, shares, iron ore price, company news
Fortescue deferred the Kings iron ore project in September 2012 in response to volatile market conditions but with a recent marked improvement in iron ore prices and market outlook, along with a number of measures undertaken by Fortescue ...
Tags: iron ore, iron ore project, iron ore prices, Fortescue
Xinhua reported that a significant step was made in the efforts to start a large scale iron ore mining in Cameroon’s Mbalam region following signing of an agreement in Yaounde between the country’s authorities and Cam Iron ...
Tags: Iron, iron ore mining, iron ore, mining
The Port of Rotterdam, Europe’s largest port, saw cargo throughput grow 1.7% in 2012 to a record 442 million tonnes. Mr Hans Smits president and CEO Port of Rotterdam said that “Although the growth is limited, it is another ...
Tags: Dutch, steel imports, Port of Rotterdam, container volumes
Australian miner Fortescue has announced that in December 2012 it loaded 8.5 million mt of iron ore at its Herb Elliott port facility at Port Hedland, Western Australia, achieving a record 100 million mt annualized run rate. Fortescue ...
Business Standard reported that the Comptroller and Auditor General of India has rapped the Karnataka government for its failure to initiate any time-bound action plan to monitor the implementation of the Karnataka Mineral Policy 2008. ...
Tags: mining, Mineral, minerals extracted, iron ore fines, iron ore
Evraz UGOK (Southern Ore Mining and Processing Enterprise), a subsidiary of Russian mining and steel producing company Evraz Group, has announced that in December last year its iron ore concentrate production increased by 1.9 percent year ...
Tags: Evraz UGOK, Russia, December, iron ore
The Western Australia state government said that Ms Julia Gillard’s PM of Australian, tax on iron ore and coal company profits is illegal because it limits state governments’ ability to finance development. Western Australia ...
Tags: iron ore, coal, mine tax, Minerals Resource
Swedish-based iron ore producer LKAB has announced that in 2012 it shipped a record level of 26.3 million mt of iron ore, 300,000 mt above the previous annual record registered in 2010, including 22 million mt of pellets in 2012, beating ...
Tags: iron ore producer, LKAB, 2012, iron ore
UK-based mining giant Anglo American has announced that it is selling its 70 percent interest in the Amapa iron ore operation in Brazil to Zamin Ferrous Ltd (Zamin), a private international mining group that has been operating in Brazil. ...
Tags: mining giant, Anglo American, Amapa iron ore operation, Zamin
Australian miner Atlas Iron Limited has announced that production has commenced at its third Pilbara iron ore mine, Mt Dove, representing a key stepping stone towards achieving its near-term production target of 12 million mt per year. ...
Tags: Atlas Iron, production, Pilbara iron ore mine, Mt Dove
Business Times reported that iron ore prices hit an eight month high this week. Iron ore is seen as a proxy for industrial activity and construction in China. The commodity is critical for the profitability of mining groups, including ...
Tags: iron ore prices, iron ore, steelmakers, steel production