Russia-based leading global iron ore and hot briquetted iron (HBI) producer Metalloinvest has announced that its integrated iron and steel plant Ural Steel has completed the upgrade of its sintering plant No. 4. The project was the part of ...
Australian miner Atlas Iron has announced that it has completed a number of new sales contracts for its direct shipping iron ore from the Pilbara region of Western Australia. The contracts signed pertain to existing production rolled-over ...
Tags: Atlas Iron, Australian mine
Australia-based miner Rio Tinto has announced that it expects its capital expenditure to be down by 20 percent in 2013 compared to the previous year, amounting to less than $14 billion. Total capital expenditure is forecast to be reduced to ...
Tags: mineral, capital expenditure
Vale announced Monday that it plans to invest $14.8 billion next year, the third consecutive decline as the company focuses on lower-risk projects. The $18 billion spent on investment in 2011 was a budgetary peak. According to a company ...
Tags: investment, mineral
Iron ore prices are not expected to show any significant decline in the short term, said Sevkinaz Alemdar, Turkish integrated steel group Erdemir's purchasing coordinator, at the 8th SteelOrbis Turkish Steel Market Conference held in ...
Turkish integrated steelmaker Erdemir sees a positive outlook for the steel industry in 2014, as stated by the company's marketing and sales coordinator Basak Turgut at the 8th SteelOrbis Turkish Steel Market Conference held in Istanbul on ...
Rio Tinto will move to suspend alumina production at Gove and focus on its bauxite operations after determining the refinery is no longer a viable business in the current market environment. Rio Tinto will now work on the scope and phased ...
Tags: Metallurgy, Mineral, Energy
Major European iron ore concentrate producer Northland Resources has announced its financial results for the third quarter and the first nine months of the current year, stating that, after a difficult second quarter when the future of the ...
According to a report released by the German Federal Statistical Office (Destatis), in October this year the import price of iron ore increased by 19.5 percent year on year in Germany, following the 6.4 percent year-on-year increase ...
Tags: iron ore, raw mat, steelmaking
Rio Tinto has set out its breakthrough plan to optimise the growth of its world-class iron ore business in Western Australia. Mine production capacity will rapidly increase towards 360 million tonnes a year (Mt/a) at a significantly lower ...
Tags: Metallurgy, Mineral, Energy, iron ore
A Chinese heavy machinery manufacturer has made an export breakthrough to Africa by clinching a mining components deal. Shanxi-based Taiyuan Heavy Machinery Group Co., Ltd. (TZ) said Tuesday that six sets of casting parts, used on a pull ...
Tags: Heavy Machinery, Casting Part
Australia-based mining giant Rio Tinto has set out its breakthrough plan to optimize the growth of its iron ore business in Western Australia. Accordingly, mine production capacity will rapidly increase towards 360 million mt per year at a ...
China's Ministry of Commerce (MOC) has announced that during last week (Nov. 18- 24) the overall average finished steel price in China remained stable week on week. In the given week, average prices of 12 mm diameter rebar and 6.5 mm ...
Tags: Finished Steel, Mineral
In a move designed to combat overcapacity in the steel sector, China will relocate some factories and encourage more companies to invest in overseas projects, said an official with the country's top planning agency. Li Zhongjuan, an ...
Tags: Metallurgy, Mineral, Energy
The Ukrainian mining and steel producing group Metinvest has announced its results for the first half of 2013. In the given period, Metinvest's net profit amounted to $443 million, rising 31 percent compared to the same period of the ...