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.
Read the full article: "Vale, Largest Iron Producer, on Edge from..."
Monday, May 10, 2010
Due to a new pricing scheme for iron ore, the steel industry may be facing higher costs and will lose competitiveness in the market as compared with other materials according to the head of the World Steel Organisation said on Monday. Paolo Rocca, chairman of the steel body, “We will have no alternative but to [...]
Read the full article: "Steel Body Concern Over Iron Ore New Pricing"
Monday, May 3, 2010
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.
Read the full article: "Chinese Iron Ore Boycott Unsustainable"
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 [...]
Read the full article: "Ironing Out The Issues"
Wednesday, November 11, 2009
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 [...]
Read the full article: "India’s Iron Fist Thumps In Canada"
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 [...]
Read the full article: "China & Its Shenanigans"
Wednesday, October 21, 2009
MetalCORP Limited (TSX VENTURE:MTC) announced preliminary results from a re-evaluation of Big Lake property (100% owned) whish is situated 10km southeast of Marathon and 10km southwest of the Hemlo gold mines, Ontario. The press release is quoted as saying The preliminary re-evaluation has identified four zones for further exploration at and around MetalCORP’s BL-14 copper-zinc [...]
Read the full article: "MetalCORP Limited updates on Big Lake..."
Monday, October 5, 2009
By Kishori Krishnan Exclusive To Iron Investing News Iron clad deals are in play. Chinese steel and iron ore group Baosteel has proposed to pay US$ 1.6 billion for a 30 per cent stake in Anglo American‘s (AAL.L) huge Minas Rio iron ore mine in Brazil. Traders maintain that any deal with Baosteel could help [...]
Read the full article: "Baosteel To Edge Out Xstrata in Anglo..."
Monday, September 28, 2009
By Kishori Krishnan Exclusive To Iron Investing News The Chinese have blinked first on the 2009 iron ore pricing issue. Quietly accepting defeat, China’s biggest steelmakers have largely given up trying to wring discounts on iron-ore purchases this year and are now concentrating on next year’s contract-price talks, according to media reports. China, by far [...]
Read the full article: "China Accepts Defeat On Iron Pricing?"
Monday, September 21, 2009
By Kishori Krishnan Exclusive To Iron Investing News Rio Tinto has completed the sale of its Corumba iron ore mine in Brazil to mining giant Vale SA for a cash consideration of $750 million. The Corumba sale, which was agreed in January, includes a potash project in Argentina and exploration assets in Canada. The Corumba [...]
Read the full article: "Strong Signs Spur Iron Talks"
For upcoming iron ore investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo
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Monday, June 14, 2010