Noranda Inc. Not To acquire Rio Algom
Noranda Inc. announced that it will not be proceeding with its bid to acquire the outstanding shares of Rio Algom Limited. For full story, click here
Archive for 2008
POSCO says may cut steel output if market worsens
Posco, the world’s No 4 steelmaker, may cut output next year if market conditions deteriorate further and a weaker won currency depresses earnings in the coming months, the company said. For full story, click here
Consolidated Thompson Iron Mines Limited Completes Acquisition Of Quinto Mining Corp.
Consolidated Thompson Iron Mines Limited and Quinto Mining Corp. announced that and Quinto has obtained Final Court approval in respect of the arrangement with Consolidated Thompson, and the parties have now completed the arrangement initially announced on April 21, 2008. For full story, click here
Prices of ore fines would fall by about Rs 500 per tonne
Prices of ore fines would fall by about Rs 500 per tonne. NMDC sells calibrated iron ore between Rs 4,000-5,500 per tonne and fines at around Rs 3,000 per tonne. For full story, click here
Consolidated Thompson Iron Mines Limited Completes Acquisition Of Quinto Mining Corp.
Consolidated Thompson Iron Mines Limited and Quinto Mining Corp. announced that and Quinto has obtained Final Court approval in respect of the arrangement with Consolidated Thompson, and the parties have now completed the arrangement initially announced on April 21, 2008. For full story, click here
IronClad Mining inks iron ore projects deal with Wuhan Steel
IronClad Mining Limited has signed a MoU with Wuhan Iron & Steel Corporation of China to jointly fund and develop two iron ore projects in South Australia. For full story, click here
Prices of ore fines would fall by about Rs 500 per tonne
Prices of ore fines would fall by about Rs 500 per tonne. NMDC sells calibrated iron ore between Rs 4,000-5,500 per tonne and fines at around Rs 3,000 per tonne. For full story, click here
Mining firms expect duty cuts will help reduce losses only in sec
Iron ore industry has welcomed the government’s decision to cut export duty on raw material. For full story, click here
ArcelorMittal to pay $217 mn for Valin placement
ArcelorMittal, the world’s largest steelmaker, will pay up to 1.48 billion yuan ($217 million) to subscribe for shares in Hunan Valin Steel Tube & Wire Co. For full story, click here
Iron ore prices slashed
Prices of iron ore lumps would go down by Rs 1,000-2,000 per tonne depending on quality. Prices of ore fines would fall by about Rs 500 per tonne. For full story, click here
