India’s NDMC has decided FY 10 Local Iron Ore Prices in 1 Mo
State-run NMDC Ltd. declared that iron ore prices for domestic steel companies for this fiscal within a month. For full story, click here
Archive for June, 2009
Sesa Goa’s V S Dempo buy out has come at a cheap valuation
Many a firm has taken a hit as demand beat a hasty retreat ever since the international financial slump washed up at Indian shores in September 2008. The accompanying credit crunch meant that those with cash reserves can now go cherry-picking with a slew of firms available at a relatively lower valuation. For full story, [...]
Govt. is planning for Iron Ore Royalties linked to price
The Karnataka government has urged the Centre to approve the iron ore mining lease in favour of Visvesvaraya Iron and Steel Limited, one of the oldest steel plants in the state, “as a special case”. For full story, click here
MMG will pursue Iron Ore Assets
Mr Andrew Michelmore former head of OZ Minerals Limited declared that Minerals and Metals Group, or MMG the Australian unit of China Minmetals Corporation may pursue iron ore assets. For full story, click here
Vale has cut Iron Ore Prices for Arcelor Mittal
Brazilian miner Vale declared that it has cut prices for iron ore to ArcelorMittal, the world’s leading steelmaker, as the global slump reduces demand for the key steel ingredient. For full story, click here
BC Iron will declare capital rising
Aspiring Pilbara iron ore producer BC Iron has entered a trading halt as it finalizes plans for a capital rising. For full story, click here
Asia’s Iron Ore prices have dipped even as China devours ore
India’s iron ore prices eased from last week’s three-month highs as China purchasers have pushed for lower prices, but Chinese steelmakers continued to build up stocks on fears of a breakdown in talks with iron ore suppliers. For full story, click here
Rio Tinto continues iron ore spot sales with Chinese
Platts declared that Rio Tinto has continued to sell substantial volumes of iron ore on the spot market and that its bottom line could be hit by ongoing price negotiations with its Chinese customers. For full story, click here
Domestic Iron Ore surged 25% from November
Domestic iron ore miners have reasons to cheer. Prices are inching up slowly and steadily and China is now purchasing iron ore at $50-60 per tonne from India, a good 25% jump from the bottom created in November last year. For full story, click here
Mining Industry key growth driver for Volvo Trucks in India
Faced with increased demand in the iron ore mining sector, Volvo Trucks has opened its exclusive dealership in Goa, which has a sizable mining industry in The country. For full story, click here
