Raytec Metals Corp.: Drilling Completed on the ‘El Sol’
Raytec Metals Corp. is pleased to announce the completion of the 2008 fall drill program on its 100% owned El Sol property near Red Lake, Ontario. For full story, click here
Archive for December, 2008
Mittal Mulls Entering Rio Tinto plc Takeover Battle
Lakshmi Mittal is looking at entering the takeover battle for the Rio Tinto mining group. For full story, click here
Noranda Inc. Not To Proceeding With Its Bid To Acquire The Outstanding Shares Of Rio Algom Limited
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
Baltic dry index: Iron market revival
By Melissa Pistilli-Exclusive to Iron Investing News The Baltic Dry Index (BDI), what has been referred to as the “canary in the coal mine” for global trade health, rose 7.5 per cent on Friday. This latest development has injected a dose of optimism into the iron ore market. “Indications are that miners have been [...]
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
Centre returns Jharkhand’s proposal for mines to ArcelorMittal
The Centre has returned Jharkhand govt’s recommendations for allotting prospecting licence of Karampada iron ore mines to ArcelorMittal. For full story, click here
NMDC gets 102 pc hike in export prices of iron ore
State-run mining giant NMDC Ltd has successfully negotiated a 102 per cent hike in export prices of iron ore from Japanese and South Korean steel mills, notwithstanding the global financial downturn. For full story, click here
Rio Cancels Mine Housing Contracts Pending Review
The company is pulling out of contracts to build housing for workers in Australia, pending a spending review prompted by declining commodity prices. For full story, click here
14 sponge iron plants have iron ore mines
Out of the total 105 sponge iron plants operating in Orissa, 14 units have iron ore mines of their own. Out of the remaining 94 units, Orissa Mining Corporation (OMC), the state owned mining company, is supplying iron ore to 29 units. For full story, click here
