British mineral exploration and development company Afferro Mining Inc. has announced that British Columbia Supreme Court has issued a final order approving the previously announced proposed acquisition of Afferro Mining by UK-based iron ...
Tags: Afferro Mining, iron ore
Oman’s Anvwar Asian Investments (AAI) has settled with Ferrum Crescent to buy a 35% stake in Ferrum Iron Ore. AAI will pay Ferrum Crescent US$10 million for the shareholding and also invest USD 3.5 million to the Moonlight iron ore ...
Tags: Ferrum Iron Ore
China's Ministry of Commerce (MOC) has announced that during the week ending September 29 the average finished steel price in China declined by 0.3 percent week on week. In particular, in the given week average prices of 12 mm rebar, 80 ...
Tags: Finished Steel, Mineral
As of October 7, inventory of iron ore at 25 major Chinese ports amounted to 73.27 million mt, indicating an decrease of just 58,000 mt or 0.08 percent week on week, as announced by China's Xinhua News Agency. As of the given date, the ...
Tags: Iron Ore, Chinese Ports
The top executive of one of the world's biggest mining drilling companies said he believes the industry has bottomed out, but that he doesn't expect a return to peak cycle levels soon. Moreover, there has been "a fundamental shift in what ...
Tags: mining drilling, Metallurgy
The collapse of an iron ore pellet storage dome (not an explosion, as local news initially reported) at Nucor's St. James Parish, Louisiana DRI plant on Wednesday will delay the start-up of the $750 million facility until the end of the ...
ArcelorMittal South Africa has announced that the company is in talks to discuss a new supply agreement for iron ore from Anglo American subsidiary Kumba Iron Ore's Sishen and Thabazimbi mines, to ensure long-term stability and security of ...
According to the provisional data released by the Japanese Ministry of Finance, in August this year Japan's iron and steel product exports came to 3.7 million metric tons, increasing by 2.4 percent month on month and up 1.3 percent as ...
Tags: Steel Exports, Iron Steel
Major steel companies will achieve profits of 20 billion yuan ($3.25 billion) for the year, more than a tenfold increase on last year, even though the industry faces problems, including overcapacity and rising costs, a leading industry ...
Tags: Construction, steel
BHP Billiton, the biggest miner in the world, said earlier this week that the global prime material market is weakening due to the increasing supply and also showed its moderate outlook of the steel demand in Asia. The company’s ...
On September 25, Dai Zhihao, general manager of Chinese steel giant Baosteel, forecast at an annual industry conference in the eastern Chinese coastal city of Qingdao that China's annual steel consumption will peak at 825 million mt in 2018 ...
Tags: Steel Industry, Steel Consumption
To enhance the supply of mineral resources, China has accelerated overseas mining investment, but many operations are still facing a gloomy future, an industry expert said. China has only 13 overseas mines in operation with a total annual ...
Tags: Overseas Mining, Mineral
China's overseas mining investment projects are facing obstacles, while domestic output is steadily increasing to meet the country's demand, experts said on Wednesday. "To further secure mineral resources, China has accelerated overseas ...
Chinese steelmakers should reduce the amount of iron ore they buy through long-term contracts in favor of purchasing from the spot market, through trading platforms, the China Iron & Steel Association said Wednesday. "Mills should ...
Tags: Chemicals
Stockpiles of iron ore at 25 major Chinese ports declined last week, according to Tuesday's Xinhua-China iron ore index report. Inventories of imported iron ore stood at 74.32 million tonnes from Sept. 17 to 23, down 990,000 tonnes or ...