PANA reported that an Indian consortium has started research and exploration to assess the potential of an iron ore deposit uncovered in Lalaua district, in the northern Mozambican province of Nampula. For full story, click here
Read the full article: "Iron ore discovered in Mozambique"
Friday, August 29, 2008
China’s largest Iron Ore port, Rizhao Port reported that it will increase handling fees for imported iron ore by 11 percent from Sept. 1, as iron ore stocks at China’s ports remain high. The company said in a statement: The port will raise handling fees for imported iron ore moved out of the port via [...]
Read the full article: "China’s iron ore port to raise..."
Tuesday, August 26, 2008
Export duty on iron ore in India may rise to 20% for preventing steel prices from rising further. An official source of Economic Times said: The steel ministry has made a strong case, raising export duty on iron ore to conserve the mineral for value addition within the country. After the meeting between steel ministry officials and the [...]
Read the full article: "Export duty on iron ore may reach 20% in..."
Tuesday, August 26, 2008
BHP is gradually restarting its Yandi ore mine in Australia which was shut down due to death of a worker. For more information, click here For company’s website, click here
Read the full article: "BHP restarting Yandi iron ore mine"
Tuesday, August 26, 2008
By Melissa Pistilli – Exclusive to Silver Investing News Traditionally, the price of iron ore has been calculated using a global benchmarking system that typically involved one of the three major producers of seaborne iron ore-Vale, Rio Tinto, BHP Billiton-negotiating annual prices. This system often takes months to reach a final resolution. This year, however, [...]
Read the full article: "Say Goodbye to the Benchmark System"
Tuesday, August 26, 2008
An industry official said: Indian steel firms have asked the government to increase an export duty on iron ore to 35 percent from 15 percent to slow exports and ensure supplies in the domestic market. Steel makers say that their profit margins are declining due to rising prices of raw materials such as iron ore and coke. For [...]
Read the full article: "Indian steel cos push for hike in iron ore..."
Tuesday, August 26, 2008
BHP Billiton has temporarily closed its Yandi iron ore mine in Western Australia after the death of a worker. A BHP pokeswoman said: The mine in the Pilbara region had been suspended overnight and an investigation launched after a worker for the contractor that operates the mine was killed. For full story, click here
Read the full article: "Pilbara mine temporarily closed"
Wednesday, August 20, 2008
Brazilian steelmaker CSN reported that it expects to sell part or all of its Namisa iron ore mine by early October. Companhia Siderurgica Nacional spokeswoman Flavia Ferreira said: The final bids for the mine should be in by mid-September and that the sale of part or all of the mine should be announced no later than early October. [...]
Read the full article: "CSN to sell iron ore mine"
Wednesday, August 20, 2008
Marius Kloppers, CEO of BHP BILLITON LTD, was quoted as saying: China’s demand for development of infrastructure facilities will continue pushing up demand for commodities and raw materials. For full story, click here
Read the full article: "China’s infrastructure boom boosting..."
Wednesday, August 20, 2008
Global steel maker ArcelorMittal is collaborating with a small Canadian company to develop a US$250-million iron ore port in Brazil. For more information, click here For company’s website, click here
Read the full article: "ArcelorMittal teams on Brazilian port project"
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Friday, August 29, 2008