The sharemarket struggled to gain traction yesterday as investors traded cautiously after seven straight weeks of gains. The benchmark S&P/ASX 200 closed down 6.5 points,or 0.1 per cent,at 4717.3.It hit a 19-month high of 4750.7 in early ...
Tags: sharemarket, stocks, heavyweight stocks, fiscal
Kumba appoints new CFO Kumba Iron Ore Limited today announces the appointment of Frikkie Kotzee as Chief Financial Officer,effective 1 June 2012.Frikkie,who is currently the Group Financial Director of African Oxygen Limited,replaces ...
Kumba final results for the year ended 31 December 2011.Record safety,exports,earnings and dividends. Commenting on the results,Kumba Iron Ore("Kumba")CEO Chris Griffith said:"Driven by export volume growth and a 26%increase in iron ...
Tags: Kumba final results, operating, saftey, marketoutlook
Indian SAIL has announced to commission new sinter plant at its IISCO Steel Plant(ISP)at Burnpur in the eastern state of West Bengal,with expecting annual production capacity approximately 3.88 million tons.The new steel project will ...
Tags: new steel project, Burnpur works, Indian, steel
Taiyuan Iron and Steel Group Co Ltd,the world's largest stainless steel producer by output,plans to increase its product exports by about 52%to 500,000 metric tonnes next year. Experiencing a weak market at home and overseas,it will ...
Indian Railways signed this year two MoUs signifying new innovative financial funding for development of infrastructure projects in the country. Railways signed an MoU with NMDC Ltd., a navratan Pubic Undertaking Sector under the ...
Tags: Indian Railways, financial funding, Mineral
China Steel Corp.(CSC),the largest carbon steel producer in Taiwan is going to release its price policy for March on January 18th.Market participants forecasted that CSC might raise its list prices for March,driven by the firm's improved ...
As of January 4, total iron ore inventory at 30 major Chinese ports amounted to 74.74 million mt, up 1.6 million mt week on week, recording the first week-on-week increase in the latest 10 weeks, according to China's National Bureau of ...
Tags: Iron Ore Inventory, Chinese Ports, Mineral
Recently,Hwabao Trust officially releases mineral energy trust project-Bao Rui No.1-Luan Shui mining development collection plan. In recent years,Baosteel financial system develops rapidly,with financial products covering ...
Tags: Baosteel financial system, mineral energy financial products
Australian mineral resources company WPG Resources Ltd has announced that its $3 million prefeasibility study for the development of the Giffen Well iron ore project in South Australia is progressing according to plan, and is expected to be ...
Tags: Metallurgy, Giffen, Wpg Resources
Brazil's iron ore export volume amounted to 32.25 million mt in December 2012,decreasing one percent compared to November and down by 5.2 percent compared to the same month of 2011,according to the preliminary information released by the ...
According to report,China's steel giant Baosteel said today that it will increase steel prices for February on higher raw material costs and strong outlook for steel demand.This accouchement may encourage other large steel mill to raise the ...
Tags: Baosteel, steel prices, raw material costs, large steel mill
The West Australian cited Mr Richard Mehan MD of Grange as saying that the combination of market speculation over a future acquisition and the recent iron ore price rally has provided Grange Resources with an overdue market revaluation. ...
Tags: Metallurgy, Mineral, iron ore, market conditions
Ms Tatiana Prazeres, the interim minister of development, industry and foreign trade said that the 5.3% decrease in Brazilian exports in 2012 occurred primarily due to declines in international commodity prices, a shrinking European market ...
Within a couple of days first Fortescue Metals' Nev Power and then Rio Tinto's Sam Walsh have warned that the remarkable rebound in iron ore prices won't last. Others are not as sure. Earlier this week, Power attributed the sharp rise in ...
Tags: Iron Ore, Fortescue Metals'Nev Power, Rio Tinto's Sam Walsh, Metallurgy