ArcelorMittal announced that it has entered into an agreement pursuant to which ArcelorMittal’s wholly owned subsidiary ArcelorMittal Mines Canada and a consortium led by POSCO and China Steel Corporation will enter into a joint ...
Tags: ArcelorMittal, agreement pursuant, ArcelorMittal Mines Canada, steel
Economic Times reported that iron ore is rallying the most in about 2 years as analysts predict that China, the biggest buyer, will import a record amount in 2013 as its accelerating economic growth spurs demand for steel. According to ...
Bloomberg reported that China, buyer of 65% of the world’s iron ore cargoes, expanded the destinations it got the commodity from this year with the first reported spot shipments from Oman, the Philippines and Sierra Leone. According ...
Tags: China, iron ore cargoes, destinations, Oman
Xinhua reported that China's Hanlong Group intends to take over Australian mining company Sundance early next year and gain control over a key supply of iron ore in Africa. The Xinhua news agency quoted officials at the privately owned ...
Tags: China, Hanlong Group, Sundance, iron ore, Africa
Anshan Iron and Steel Group has received approval from the National Development and Reform Commission for its largest ever expansion project. The project covers the developing of three new iron ore mines, expanding the current seven iron ...
Tags: Anshan Steel, Iron, Steel, expansion project
Providence seems to favor Indian mills at the onset of Q4. Market is piquantly abuzz with expectation of price hike in long and flat by at least INR 500-1000 per tonne. If the import parameters seem to be favoring the flat producers with ...
Tags: Indian mills, India, Indian economy
Prosperity Minerals has revealed it will take longer than originally planned to conclude the master restructuring process. The company, an iron ore trading business serving China, which also owns real estate, revealed back in October that ...
Tags: Prosperity Minerals, restructuring process, Zhong Cheng group
Talga Resources has welcomed the Swedish Parliament’s decision to carry out a study on extending a rail line from Svappavaara to the Kaunisvaara iron ore project in northern Sweden. Besides building on the excellent infrastructure ...
Tags: Talga Resources, Swedish Parliament, decision, rail line
On 22nd October, Prosperity's announced details of a conditional master restructuring agreement with members of the Zhong Cheng Group of companies. A key part of this proposal is to utilize part of the prepayment cash to buy an iron ore ...
Tags: Zhong Cheng Group, iron ore processing, iron ore, company news
Economic Times reported that just days after the state auditor faulted it for not having a specific strategy to acquire mines abroad, India's largest iron ore producer NMDC, which is sitting on a big cash hoard, it is not in any rush to buy ...
Tags: mining, India, NMDC, iron ore, foreign mineral assets
moneycontrol.com reported that Indian iron ore miner NMDC has reduced the price of iron ore lumps by 5.9% or INR 320 Per tonne for the current month mainly to align rates with the landed cost of the imported raw material. At a Board ...
Tags: India, iron ore, NMDC, raw material
Putting behind the gloom of 2012 Chinese economy and industry seems to be warming up for an auspicious entry into 2013 at long last. Q4 has seen sudden turn of events kindling hopes of revival in Chinese steel industry backed by impressive ...
Tags: Chinese Economy, steel industry, infrastructure projects, China
According to the RM Research, Dragon Energy has been flagged as a speculative buy with a price target of AUD 0.20. This is based on the company's consolidation of DSO iron ore resources and JORC resources that confirm the potential of its ...
Tags: Dragon Energy, metallurgy, energy, iron ore
Business Standard reported that the shortage of iron ore seems to have hit steel companies in the small and medium segments the hardest. According to recent data by the Joint Plant Committee, the non alloy and carbon steel segment saw ...
Tags: iron ore, India, non alloy, carbon steel segment
On December 31st, Hubei Province-based major Chinese steel producer Wuhan Iron and Steel Group announced that its Quebec, Canada based iron ore mining JV, Bloom Lake Mine, achieved an annual profit of RMB 350 million in 2012. The Bloom ...
Tags: Wuhan Iron and Steel Group, iron ore, mining, company news