By Melissa Pistilli-Exclusive to Iron Investing News For nearly thirty years, the pricing mechanism for iron ore has involved annual price negotiations between the world’s three leading mining giants and major steel mills. This year’s negotiations led to 79.88 per cent to 96.5 per cent price hikes for Rio Tinto and BHP Billiton with a [...]
Read the full article: "Is Vale violating trade laws?"
Monday, September 15, 2008
China’s Baosteel Group is negotiating on behalf of the China Iron & Steel Association with Brazilian mining giant Companhia Vale do Rio Doce for iron ore price hike. The newspaper cited an unnamed industrial official as saying : China expects to see a better outcome through negotiation, but adding it carries no meaning that China [...]
Read the full article: "Baosteel Group in talks with Vale for iron..."
Monday, September 15, 2008
BLUESCOPE Steel boss Paul O’Malley said: Iron ore prices could flatten next year. For full story, click here
Read the full article: "Iron ore prices could flatten"
Wednesday, September 10, 2008
By Melissa Pistilli – Exclusive to Iron Investing News The world’s largest iron-ore producer and exporter Companhia Vale do Rio Doce is now in the initial phase of negotiations with its Asian clients to raise prices. Vale has stressed that there was no guarantee that negotiations would conclude on a successful note. The proposed increase [...]
Read the full article: "Vale looks to pump up iron prices"
Monday, September 8, 2008
Fearnley Fonds ASA said: The higher iron-ore prices being sought by Cia. Vale do Rio Doce may curb demand for the raw material and hurt shipping markets. For full news, click here
Read the full article: "Higher Iron-Ore Prices `Negative’ for..."
Monday, September 8, 2008
BHP Bilton’s spokesperson said: BHP Billiton Ltd/Plc has yet to set a date to restart its giant Yandi iron ore mine in Australia after a fatality last week led to the idling about a third of total Australian ore production. For full story, click here
Read the full article: "Restart date not yet set for Yandi iron ore..."
Thursday, September 4, 2008
By Melissa Pistilli – Exclusive to Iron Investing News BHP Billiton is experiencing yet another setback in its attempt to acquire Rio Tinto Group in a hostile takeover bid. On August 13, the European Commission asked BHP for more information in its efforts to determine whether or not to approve the transaction. The Commission has since [...]
Read the full article: "BHP encounters another hurdle"
Thursday, September 4, 2008
By Melissa Pistilli – Exclusive to Iron Investing News The China Iron & Steel Association‘s monthly report for July shows that domestic steel demand is wilting in the scorching summer heat, heavy rainfall in the South and the recently-concluded Olympic Games. Increasing amounts of steel inventory has weakened iron ore demand causing the price of iron [...]
Read the full article: "Chinese Economy: Post-Olympic recovery"
Monday, September 1, 2008
London-listed explorer African Minerals reported on Monday that it has agreed to develop its Marampa iron-ore project, in Sierra Leone, with Australian explorer Cape Lambert Iron Ore. Executive chairperson Frank Timis said: We look forward to having Cape Lambert as an investor in the Marampa project. They bring with them substantial experience and expertise in the [...]
Read the full article: "Cape Lambert to invest in African iron-ore..."
Monday, September 1, 2008
The Tata Group, the world’s sixth largest steel-maker, is contemplating at acquiring iron ore deposits in Laos, officially the Lao People’s Democratic Republic (PDR). The Tata group-owned steel company has already started prospecting some mines in Communist-ruled Laos. Minister of planning and investment, Lao PDR, Soulivong Daravong said: Though there was no formal proposal from the [...]
Read the full article: "Tata Steel eyes iron ore mines in Laos"
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Monday, September 15, 2008