The Australian dollar is higher, getting some support from stronger iron ore prices and gains on the local sharemarket. Mr Hans Kunnen, St George chief economist said that the local dollar's rise was not because of the US budget ...
Tags: Australian dollar, iron ore, prices, sharemarket
It is reported that Hyundai Steel Company issued a USD 17.2 million letter of credit to Australian iron ore company Pluton Resources against the purchase of four shipments commencing in August 2013. Mr Tony Schoer MD of Pluton Resources ...
Tags: Hyundai Steel Company, Australia, iron ore, Pluton Resources
Star Tribune reported that Minnesota iron ore production rose slightly in 2012, a third consecutive annual increase and another sign of the industry's recovery from a recession induced downturn. According to state data, taconite output ...
Tags: Minnesota, iron ore, production, 2012
Sundance Resources Limited announced that the Ministerial Council for the Republic of Congo met on Friday 28 December 2012 and has approved the Company's application to develop and mine the high-grade Nabeba Iron Ore deposit. The ...
Tags: Sundance Resources Limited, Nabeba Iron Ore, mining, iron
APP reported that China privately owned Hanlong Group has close to finalizing the acquisition of Australia's Sundance Resources, a mining firm that controls a major iron ore mine in West Africa. Such a move would give China a stronger ...
Tags: China, Hanlong Group, acquisition, Sundance Resources, mining
The Australian Financial Review reported that Fortescue Metals Group Ltd chief executive officer Mr Nev Power has warned of more short term volatility and fluctuations in the price of iron ore, saying the current rally is unlikely to last ...
Business Standard reported that the state owned Odisha Mining Corporation, a minority shareholder in the MMTC managed Neelachal Ispat Nigam Ltd, proposes to buyout shares of another state company, Industrial Promotion and Investment ...
Tags: Odisha Mining Corporation, mining, iron ore mines, steel plants
Steelhome website publishes monthly report on China Steel Market, International Steel Market, HRC/CRC, Construction Steel, Medium Plate, Stainless Steel, Iron Ore, Coke, Scrap and Ferroalloy each month. Summary: I China CR/HR ...
Tags: China Steel Market, International Steel Market, Construction Steel
Bloomberg reported that Austrian steelmaker Voestalpine AG said on December 19 it may construct a EUR 500 million factory in the US to benefit from cheap gas. Nucor Corp also plans to start up a USD 750 million Louisiana project in mid ...
Tags: Voestalpine AG, steel, gas, Austria
Afferro Mining has confirmed it has received a takeover offer from International Mining and Infrastructure after speculation in the press. Afferro said it has received an initial approach from IMIC, adding that its suitor would be ...
Tags: Afferro Mining, IMIC, speculation
Business Standard reported that iron ore starved steel industry in and around Karnataka might have to wait for a longer period to get smooth supply of key raw material for its blast furnaces as the opening of Category B mines, which contain ...
Tags: starved steel industry, iron ore, raw material, mining
Traditionally, the copper price is as good a guide as any to the progress of the mining sector. It’s a relationship that has worked in the past and did again this year as well, with copper adding 5% over 12 months while the general UK ...
Tags: copper price, mining, UK mining sector, UK
VTB Group has sold its 20% stake in OJSS "HC "Metalloinvest", a leading manufacturer and supplier of iron ore and products with high added value. The structures of USM Holdings purchased the shares, while VTB Capital, the Investment ...
Tags: VTB Group, Metalloinvest, iron ore, added value
Business Line reported that the fate of BOT berths to be built at Paradip port by way of PPP to handle iron ore and coal continues to be uncertain. The concession agreements between the successful bidders and the port authorities for ...
Tags: BOT berths, Paradip port, iron ore, coal
London-listed Bellzone Mining has announced that it made the first iron ore shipment from the Forecariah joint venture in the Republic of Guinea, West Africa on December 26, 2012. The 63,000 mt iron ore shipment from the port of Konta was ...
Tags: London, Bellzone Mining, iron ore shipment, Forecariah joint venture