KIOCL Limited has called for bids from reputed consultants for carrying out feasibility study & detailed engineering on the proposed iron ore fines handling system with a storage silo and connecting the same with other facilities at Pellet Plant, Mangalore, Karnataka state. For full story, click here
Posco will continue to decline output in March amid a sluggish global steel market but will remain active in investment. For full story, click here
By Kishori Krishnan Exclusive To Iron Investing News Ahead of contract talks, iron-ore miners are seeking a price rise. On the horizon is a firmer demand in China, which has ensured that despite concerns about the length and depth of the global recession, iron ore miners are pushing for as much as a 5 per [...]
India’s iron ore prices declined on thursday from a week earlier as Chinese buyers stayed on the sidelines in hopes of lower prices, but this did not signal that demand was waning. For more information, click here
India’s biggest iron ore miner, NMDC Ltd, expects production in fiscal year 2008/09 to decline from the year before. For full story, click here
Advanced Explorations announced this morning that Jim Excell has joined the company as a Special Advisor. Excell lead the construction and operation of the EKATI Diamond mine and has served as chairman of BHP Billiton Diamonds Inc. John Gingerich, president and CEO of AEI is quoted as saying: Having a person like Jim on the [...]
Rio Tinto said that its two main iron ore rail lines in Australia remain halted because of flooding. For full story, click here
Fortescue Metals Group Ltd agreed to increase its iron ore sales to an arm of Chinese steel maker Hunan Valin Iron and Steel Group, now its second-largest shareholder. For more information, click here
Goa’s iron ore industry which was badly affected due to global meltdown, is making a turnaround and exports may come close to last year’s though the revenue is expected to fall by nearly 50% for the current fiscal year. For more information, click here
China Iron & Steel Association has decided to rebuild iron ore import mode, suggesting that long term contracts be uniformly negotiated, implemented and adjusted at certain intervals by Baosteel and claiming iron ore price should decline back to the level in 2007. For more information, click here
Friday, February 27, 2009