Australian miner Fortescue Metals Group has announced that its Firetail iron ore mine, the first stage of the US$3.2 billion Solomon hub, has been officially opened, strengthening the company's position "as one of the world's leading ...
Tags: Fortescue, Iron Ore Mine
Local shares closed higher yesterday, even after paring a sharp rise early on in the session, as investors took profits ahead of an interest rate decision due from the Reserve Bank of Australia today. The stockmarket was buoyed by growing ...
Tags: Local shares, US Jobs Growth
It is learned that steelmaker Ternium, owner of Brazil’s Usiminas, quits the bidding of ThyssenKrupp’s asset Companhia Siderúrgica do Atlantico (CSA). In a conference call, the company’s CEO Daniel Novegil said the ...
Tags: Ternium, CSA, steelmaker
Australia-based miner BC Iron has announced that, together with its strategic partner Australia's Cleveland Mining Company Ltd, it has signed a memorandum of understanding to earn the right to acquire 80 percent of three iron ore ...
Tags: BC Iron, Cleveland Alliance
The sharemarket has closed 0.7 per cent lower, with concerns about global economic growth pulling down resources stocks. The benchmark S&P/ASX200 index was down 36.2 points, or 0.7 per cent, at 5130.0 points. The broader All Ordinaries ...
Tags: Resources Stocks, economy
Shares were punished yesterday as investors worried about resources stocks being hit by global economic concerns, and the dollar was also sharply lower on the increased likelihood of an imminent cut in the official cash rate. The ...
Tags: Aussie Dollar, economy
It’s reported that Indian miner Sesa Goa launched its financial result for the fourth quarter and the fiscal year 2012/13 ended on March 31st. Sesa Goa posted a net profit of INR2.98 billion for the fourth quarter of this year, ...
Tags: Sesa Goa, Net Profits
The stockmarket has opened slightly higher, boosted by stronger mining stocks on the back of improved prices for commodities. At 10.31am AEST the benchmark S&P/ASX200 index was up 17.6 points, or 0.34 per cent, at 5120.0 points. The ...
Brazil-based miner Vale has announced its financial results for the first quarter of the current year, reporting a net profit of $3.2 billion, decreasing by 10.1 percent compared to the first quarter of the previous year. The company's ...
Tags: Metallurgy, Mineral, Energy
Australia-based Wesfarmers Resources has announced that in the quarter ended March 31 its coking coal output from the Curragh coal mine in central Queensland amounted to 1.53 million mt, decreasing by 15.4 percent compared to the previous ...
Tags: Wesfarmers, Coking Coal Output
SHARES climbed yesterday following a rally in Japanese stocks and as some analysts saw potential for the Reserve Bank to cut interest rates next month. The benchmark S&P/ASX 200 closed up 0.7 per cent at a two-day high of 4966.6. The ...
Tags: economy
Australia-based miner Northern Iron has announced that in the quarter ended on March 31 it achieved a record iron ore output, producing 4.96 million mt from its Bjornevatn and Kjellmannsasen mines in Norway, up 12 percent compared to the ...
Tags: Northern Iron, Iron Ore Production
Central Europe-based miner New World Resources Plc (NWR) has announced that it has reached agreements with its customers for coking coal and coke sales for the second quarter of 2013. Accordingly, NWR has set the average agreed price of ...
Tags: Coking Coal, Metallurgy, Mineral, Energy
Brazil-based miner Vale's giant iron ore vessel Valemax has entered an eastern Chinese port to unload a cargo of iron ore, according to media reports, though it is not clear if the ban on Vale's mega iron ore vessels imposed by China has ...
Tags: Valemax Ore Vessel, Chinese Port
Brazil-based mining giant Vale has announced its production results for the first quarter of 2013. In the first quarter, Vale produced 67.53 million mt of iron ore, falling 3.5 percent compared to the corresponding quarter of the previous ...
Tags: Vale, Iron Ore Production