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iron ore miner
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Iron Ore Miner NMDC Has Suffered Inr 745.94 Crore Revenue Loss During 2007-10
Dec 25, 2012PTI cited government auditor CAG as saying that iron ore miner NMDC has suffered INR 745.94 crore revenue loss during 2007-10 for not revising the domestic prices of the steel-making raw material in line with prevailing market rates, due to ...
Tags: miner, iron ore, steel-making raw material, Steel Mills
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Business Line Cited The Steel Ministry
Dec 24, 2012Business Line cited the Steel Ministry saying that NMDC would review its pricing mechanism. This is the fallout of the CAG report tabled on December 20th Thursday, the public sector iron ore miner has incurred losses of more than INR 1,500 ...
Tags: NMDC, pricing mechanism, CAG, iron ore miner
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AML Prefers to Expand Its Existing Rail and Port Infrastructure in Pepel
Dec 24, 2012African Minerals Limited recently disclosed in a regulation filing that it now prefers to expand its existing rail and port infrastructure in Pepel, rather than develop a new port at Tagrin Point. This revised expansion is expected to ...
Tags: AML, African Minerals Limited, regulation, rail, port infrastructure
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The Indian Steel Ministry Has Initiated The Process to Constitute a Committee
Dec 20, 2012PTI reported that the Indian steel ministry said that it has initiated the process to constitute a committee for the selection of the chairman for iron ore miner NMDC. Indian steel minister Mr Beni Prasad Verma said in the Lok Sabha ...
Tags: steel, Construction, iron ore miner
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CITIC WA Iron Ore Project Is Not Going Well and Facing Loss at Start of Production
Dec 14, 2012Mr Philip Kirchelechner a senior consultant with Australian iron ore miner Mt Gibson Iron at an industry forum on December 9th said that CITIC WA iron ore project is not going well and it is facing loss at the start of production. ...
Tags: iron ore, iron ore project, Australia, iron production, China
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BC Iron Surged More Than 9% After The Iron Ore Miner Raised USD 47 Million
Dec 14, 2012The West Australian reported that BC Iron surged more than 9% after the iron ore miner raised USD 47 million in a placement at a premium as part of a deal with Fortescue Metals Group to take a bigger stake in its Nullagine JV project. BC ...
Tags: BC Iron, iron, steel, metel market
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Government on December 10th Monday Fixed The Price Band for The Upcoming 10% Stake Sale
Dec 13, 2012Hindustan Times reported that the government on December 10th Monday fixed the price band for the upcoming 10% stake sale in India's largest iron ore miner National Mineral Development Corp at INR 145 to INR 150 that will fetch the ...
Tags: Copper, Mineral, Metallurgy
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The Centre Turned Down Chhattisgarh's Request to Nominate Three Elected Representatives
Dec 13, 2012Economic Times reported that the Centre has turned down Chhattisgarh's request to nominate three elected representatives from the Bastar region on the board of iron ore miner NMDC and spend 10% of its net profit on the local area ...
Tags: Chhattisgarh, iron ore miner NMDC, mineral, mineral industry
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PTI Reported That The Government Is Likely to Sell Its 10% Equity in Iron Ore Miner NMDC
Dec 12, 2012PTI reported that the government is likely to sell its 10% equity this week in iron ore miner NMDC, which could fetch the exchequer nearly INR 6,300 crore at the current market price. A senior government official said that "The stake sale ...
Tags: iron ore miner, market price, largest domestic iron ore miner
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London Mining Hired Mr Michael Miles to Be Its Chairman
Dec 12, 2012Reuters reported that iron ore miner London Mining has hired Mr Michael Miles to be its chairman, appointing the former chairman of fund manager Schroders to its board with immediate effect. The miner, which produces iron ore in Sierra ...
Tags: iron ore miner London Mining, iron ore, fund manager Schroders
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Iron Ore Miner Grange Resources Remains Committed
Dec 7, 2012ABC News reported that iron ore miner Grange Resources remains committed to its multi billion dollar Southdown magnetite project on WA's South Coast, despite announcing major job and expenditure cuts. Grange Resources said that its ...
Tags: Grange Resources, magnetite, iron ore
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Fortescue Metals Has Sought to Reassure Shareholders of Its Biggest Customer
Dec 7, 2012AAP reported that iron ore miner Fortescue Metals has sought to reassure shareholders that the economic credentials of its biggest customer, China, remain sound following the country's recent leadership transition. Mr Nev Power CEO of ...
Tags: iron ore, Fortescue Metals, iron ore miner
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Fortescue Metals Group Ltd Chairman Has Begun Charting a Path to Recovery for The Company
Dec 6, 2012According to The Australian, Mr Andrew Forrest chairman of Fortescue Metals Group Ltd chairman has begun charting a path to recovery for the company after it put a series of projects on hold three months ago due to sharply declining ...
Tags: FMG, Fortescue Metals Group, iron ore price, iron ore
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Iron Ore Miner and Steelmaker Arrium Plans to Be The 4th Largest Producer of Iron Ore
Nov 28, 2012supplychainreview.com.au reported that iron ore miner and steelmaker Arrium plans to be the 4th largest producer of iron ore in Australia. CEO Mining Mr Greg Waters today told a UBS Iron Ore Seminar Arrium plans to double its South ...
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They Consider Benefit of Large Earnings Margins at Low-Cost Nearby Mills
Jun 27, 2011An increasing amount of Russian stainless steel pipe organizations are in all likelihood to construct new crops at home, in the strategic shift apart from international acquisitions, as they consider benefit of large earnings margins at ...
Tags: stainless steel pipe
