Business Line reported that NMDC Ltd is banking on Perth based Legacy Iron Ore to acquire more coal mines in different parts of the world. The public sector miner bought 50%stake in Legacy Iron Ore that is exploring and developing mineral ...
Tags: NMDC Ltd, Iron Ore, exploring and developing mineral project
Labor problems and low prices have platinum mines closing up shop in South Africa, and the potential for acquisitions is ripening. Senior Mining Analyst and Managing Director at Stifel Nicolaus in Toronto, George Topping believes that ...
Tags: Finance, Rare Earth, Metallurgy
Reuters reported that a new deepwater port on Australia's Indian Ocean Coast was supposed to be the showpiece of the country's decade long mining boom and open up a huge new iron ore belt to export to Asian markets. But twice in the past ...
Tags: Iron Ore Mining, Mining Jobs, Coal Mining News, Mining
According to RBC Capital's Robin Kozar, the recent strength in iron ore prices is sustainable into the Q1 of 2013 as light supplies from India, declining inventories in China, healthy margins in China and seasonal weakness in the Chinese ...
Tags: RBC Capital, Robin Kozar, iron ore, prices
AUSTRALIAN shares ended a holiday-shortened trading session modestly higher today,with gains in the mining and financial sectors pushing the market to an 18-month high. The rise sets the market up to end the year almost 14 per cent ...
Tags: shares, market, stocks, financial sectors
Reuters reported that spot iron ore was unchanged on December 18th Tuesday, holding at a more than 5 month high that was hit after a two week rally, although a slowdown in steel price gains this week in top consumer China may prompt buyers ...
Tags: Iron Ore, steel, steelmaking, mills
The ratings on the Russian vertically integrated steel group OAO Severstal are constrained by our view of the highly cyclical, capital-intensive, and competitive nature of the steel industry. Steel margins are relatively weak, and in our ...
Tags: steel group, steel, iron ore, coking coal mining
Economic Times reported that condition for Indian steel players is worse when compared to their global peers. At a time when global steel prices are rising, prices domestically have remained flattish due to subdued demand and continuing ...
Tags: steel, steel prices, flat steel, scrap
Beyond the short time,demands for steel will maintain lower than supply and the marginal cost for raw materials are heading for decline,and thus the cross year increase for steel prices will perform reasonably. Investments in Real Estate ...
Tags: demands for steel, steel prices, railway infrastructure construction
Vale SA,the world's largest iron ore producer,climbed to a seven month high as prices for the steelmaking material rebound. Vale,based in Rio de Janeiro,climbed for an eighth day,gaining 1.7%to BRL 41 at the close in Sao Paulo,the highest ...
Tags: Vale SA, Iron, Prices, steelmaking material
THE sharemarket continued its climb yesterday, reaching a 17-month high on positive news from Europe as US politicians inched closer to a deal on the fiscal cliff crisis. Utilities, energy, industrials, telecommunications, materials and ...
Tags: Positive, News Fuels, politicians inched
Reuters reported that spot iron ore prices hit their highest in almost five months as traders snapped up cargoes, betting Chinese demand will stay firm and supply may be limited in the first quarter due to seasonal weather disruptions in ...
Vale SA has initiated paying USD 674 million to the Brazilian government for violating an agreement over mining royalties. Vale as decided to settle a10 year old dispute with Brazil's federal government, agreeing to pay 3 installments of ...
Tags: mining royalties, planned level, earnings, iron ore prices, ore exports
THE Australian sharemarket hit a fresh 17-month high today as US lawmakers inched closer to a deal on the fiscal cliff problem. Utilities, energy, industrials, telecommunications, materials and financial stocks mostly rose despite some ...
Tags: Investor Sentiment, fiscal, cliff problem
During the SteelOrbis fall 2012 conference&67th IREPAS meeting held in Munich on September 30-October 2,Peter Marcus from World Steel Dynamics(WSD)has assessed the current situation in the world steel industry and provided an outlook for ...
Tags: SteelOrbis, 67th IREPAS meeting, Munich, WSD