Baffinland Iron Mines Corp (TSX:BIM) reported today on drill results from the 2008 drilling program. A total of 26 holes were reported on including cumulative 2,680 metres of 66% iron. Hole MR1-08-154 intersected a true width of more than 196 meters grading 66.5% iron. Baffinland has reported in the past that much of this is [...]
The government in China said that steel mills in the coastal region of China should increase the use of imported iron ore to cut down the number of iron ore importers and to lower prices of imported iron ore. For more information, click here
Iron ore processor China Vanadium Titano-Magnetite Mining Co Ltd is planning to raise up to $150 million in a Hong Kong IPO during the first half of the year. For more information, click here
The prices seems to have bottomed out as there has not been any major dip in the last couple of days except for minor fluctuations due to transient local sentiments. For full story, click here
The Indian Steel Price Index exhibited nominal correction on February 19th 2009. The Indian Long Product Price Index (ILPPI) improved by 17 points whereas the Indian Flat Product Price Index (IFPPI) remained unchanged. For full story, click here
New contracts being negotiated at lower prices are welcome at a time when weaker demand for steel from key user sectors has resulted in the government-owned firm’s volumes falling by about 20 per cent in the December 2008 quarter. For full story, click here
Sail has access to captive reserves of iron ore but imports coking coal; high prices of this key input have pushed up the company’s raw material bill over the last couple of years. For full story, click here
Heavy rains and flooding have forced Rio Tinto Ltd/Plc to suspend iron ore mining and rail haulage over a large part of west Australia’s Pilbara region, the company said on Monday. For full story, click here
The outlook for base metal prices may improve in the final quarter of this year because governments’ stimulus measures will have had some time to take effect. For full story, click here
Advanced Explorations Inc. today sent a message from John Gingerich, the President and CEO. The message listed iron ore results from recent news releases including the intersect of 218.5 metres of 32.21% iron. In the letter Gingerich says: The Company has been appreciative of the patience and support of our shareholders. We will be at [...]
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