The company’s current challenge within its domestic market will be to remain cost competitive if tariffs are eliminated and demand continues to climb, as the Brazilian currency has also demonstrated very strong relative appreciation.
Iron ore demand is increasing among Chinese steel makers and the CISA lead boycott is simply not credible. Iron mining companies recognize this and will not relent from their position, which grows stronger every day that global demand recovers and ore prices rise.
Thursday, January 21, 2010
By Kishori Krishnan Exclusive To Iron Investing News With key indicators across developed economies showing an improvement in the quarter, mining heavyweight BHP Billiton Ltd has teamed up with rivals Rio Tinto Group and Posco, Asia’s most profitable steelmaker, in raising iron-ore production. An uptick in demand from automakers and builders has ensured a good...
By Kishori Krishnan Exclusive To Iron Investing News The world’s eighth-largest steel maker, India’s Tata Steel Ltd (TISC.BO), has said it expects its European unit Corus to be operating at full capacity by the end of the fiscal year in March. Corus, Europe’s second-largest steelmaker, operated at 80 per cent capacity in October. In a [...]
Wednesday, October 21, 2009
By Kishori Krishnan Exclusive To Iron Investing News China, the world’s biggest steel producer, is flexing its muscles again. The country is eager to replace the benchmark arrangement price long used by the industry for iron ore imports with one that will give it a bigger say. Last week’s major meeting between the world’s iron [...]
Eagle Star Minerals Corp., (CVE:EGE) provided the Stage 1 geophysical magnetometer results on the Serra do Ó Block (also known as Morro do Ó Block), at its Angico Iron project in the State of Piaui, North East Brazil.
GLOBEX MINING ENTERPRISES INC. (TSX: GMX) reported that it has acquired 100% interest in a block of 28 claims covering 588 hectares and a strike length of 6 km in the Woodstock area of New Brunswick.
Cardero Resource Corp. (TSE:CDU, NYSE Amex:CDY) announced very positive initial drill results from its Ferro-Titanium TiTac and Longnose projects in northern Minnesota, USA.
Rio Tinto (ASX:RIO) has approved $1.6 billion to expand its Hopes Downs iron ore mine project in Australia.
On Monday, South African diversified miner African Rainbow Minerals (JNB:ARIM) reported a 26 percent drop in full-year headline earnings, hit by a strong rand and lower prices for iron ore and manganese.
REC Minerals Corp.(CVE:REC) announced today that it has filed on SEDAR its interim financial statements as at and for the three months ended June 30, 2010 and the related Management’s Discussion and Analysis.
First Point Minerals Corp. (TSX VENTURE:FPX) announced that the first two diamond drill holes have been completed in the central portion of the Baptiste target at the Decar property, northwest of Fort St. James, British Columbia. Both holes were inclined 50 degrees to the north-northwest.
Focus Metals Inc. (TSX VENTURE:FMS) announced the signing of an option agreement with SOQUEM Inc. (a wholly owned subsidiary of the Société générale de financement du Québec), to acquire a 50% interest in the Kwyjibo property, located 125 kilometers northeast of Sept-Îles, Quebec.
TintinaGold Resources Inc. (TSX VENTURE:TAU) announced that it has received initial drill results from the 2010 work program on its Kugruk project, located in Alaska USA.
Apella Resources Inc. (TSX VENTURE:APA)(FRANKFURT:NWN) and its Board of Directors are pleased to announced that recent drilling continued to intersect highly significant disseminated, semi massive and massive Vanadiferous mineralization on Apella’s Iron-T Vanadium-Iron-Titanium project near Matagami, Quebec.

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Monday, June 14, 2010