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A Series of Iron Ore Projects May Be Affected as a Result of The Low Prices

Sep 15, 2014

A series of iron ore projects may be affected as a result of the low prices the market has seen for the product, according to media reports. Last week, the product reached $83.60/mt in the Chinese spot market, and from the beginning of ...

Tags: Iron Ore, Chinese spot market

The Value of Committed Investments Stood at a$229 Billion as of April This Year

May 30, 2014

According to the resources and energy major projects report issued by the Australian Bureau of Resources and Energy Economics (BREE), the value of committed investments stood at A$229 billion as of April this year, declining from its peak ...

Tags: Mining, raw materials

Sesa Sterlite's Sales Revenues Increased by 1.12 Percent Year on Year to INR 725.9 Billion

May 4, 2014

Indian miner Sesa Sterlite has announced its financial results for the full financial year 2013-14 ended March 31, reporting a net profit of INR 123.5 billion ($2.05 billion), down 15.5 percent compared to the previous financial year. In ...

Tags: miner, Sesa Sterlite

Rio Tinto Filed a Complaint in The US District Court for The Southern District of New York

May 4, 2014

Australia-based miner Rio Tinto has announced that it has filed a complaint in the US District Court for the Southern District of New York against Brazil-based miner Vale and BSG Resources Limited regarding mining concessions in Guinea. ...

Tags: Rio Tinto, mining license

Guinea Has Revoked The Mining Licenses for The Simandou and Zogota Iron Ore Projects

Apr 29, 2014

Brazilian miner Vale has announced that the Republic of Guinea has revoked the mining licenses for the Simandou and Zogota iron ore projects due to a technical committee report indicating that the mining licenses were obtained by Vale's ...

Tags: miner, Vale

Diversified Miner Trader Glencore Xstrata Sold 33.2 Million Mt of Iron Ore in 2013

Mar 6, 2014

Diversified miner trader Glencore Xstrata said Tuesday it sold 33.2 million mt of iron ore in 2013, a 68% annual rise in volumes, as it proceeds with studies for projects in Africa to gain marketing clout. As a relatively new entrant to ...

Tags: Iron Ore, Glencore Xstrata

Commission Encourages Chinese Steelmakers to Boost Global Footprint

Feb 7, 2014

Commission encourages Chinese steelmakers to boost global footprint Chinese steelmakers that have lost money because of volatile global iron ore prices should invest more in foreign mineral resources to gain greater pricing power, the ...

Tags: NDRC, Chalco, steelmaker, persist

The Price of Iron Ore Is Predicted to Drop This Year

Jan 16, 2014

The price of iron ore is predicted to drop this year as growth of China's steel production slows and the supply of raw materials from international mining giants increases, according to industry experts. An estimate from UBS AG earlier ...

Tags: Iron Ore, Raw Materials

Latin Resources Acquired Borborema Iron Ore Project From Mining Giant Rio Tinto

Nov 28, 2013

Australia-based miner Latin Resources has announced that it has acquired the Borborema iron ore project from Anglo-Australian mining giant Rio Tinto for $200,000. The iron ore project, located in Brazil, is close to the coast with ...

Tags: Latin, resource, acquire, Brazilian iron, ore, project, Rio Tinto

BHP Billiton Announces Its Production Results for The First Quarter Ended September 30

Oct 23, 2013

Australian miner BHP Billiton has announced its production results for the first quarter ended September 30, 2013. BHP Billiton expects a five million mt increase in the full financial year guidance for its Western Australia iron ore ...

Tags: Metallurgy, Mineral, Energy

China Has Accelerated Overseas Mining Investment to Enhance The Supply of Mineral Resource

Sep 27, 2013

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

Sep 27, 2013

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 ...

Tags: Overseas, Mineral

Black Iron and Metinvest Achieve an Agreements on Cooperation

Jul 25, 2013

Ukrainian mining and steel producing group Metinvest has announced that it has entered into definitive agreements on cooperation with Canadian iron ore exploration company Black Iron and to invest in BKI Cyprus, which is a wholly-owned ...

Tags: Black Iron, Iron Ore Projects

Tata Steel Is Planning to Begin Production From One of Its Iron Ore Projects

May 27, 2013

India-based steelmaker Tata Steel is planning to begin production from one of its iron ore projects in Canada by the end of the current year, according to India's news agency Press Trust of India (PTI). This is expected to improve raw ...

Tags: Tata Steel, Iron Ore

BC Iron Plans to Acquire 80 Percent of Three Iron Ore Exploration Projects

May 6, 2013

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

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