By Kishori Krishnan Exclusive to Iron Investing News Still smarting from its failed attempt to buy into the Australian mining giant Rio Tinto, Beijing is making a new bid to secure its supply of iron ore. Looking to mend fences with China, the company is working overtime to heal rifts caused by the collapse of [...]
Read the full article: "Rio Tinto’s New Attempts"
Friday, August 21, 2009
Steel Minister Virbhadra Singh today asked the country & aposs leading iron ore producer NDMC to review its iron ore pricing policy after its expiry in next year. For full story, click here
Read the full article: "Steel Minister Asked NDMC to review Iron Ore..."
Friday, August 21, 2009
The cash price for Australian iron ore delivered to China, the world’s leading purchaser, slumped 9.3 percent after Chinese steel prices dipped. Mark Pervan, senior commodity strategist at Australia & New Zealand Banking Group Ltd., stated: The steel market is overheated. For full story, click here
Read the full article: "Spot Iron Ore Price to China Slumped on..."
Friday, August 21, 2009
Business Standard declared that iron ore miners are protesting alleged ambiguity in the government’s method for calculating the 10% ad valorem royalty notified on August 13th 2009. For full story, click here
Read the full article: "Indian Iron Ore Miners Slammed New Royalty..."
Thursday, August 20, 2009
South Africa exported around 5.45 million tonnes of thermal coal in July, little changed from 5.54 in June, bringing the year-to-date total to 33.45 million. For full story, click here
Read the full article: "South Africa Exported 5.45 mln T Coal in July"
Thursday, August 20, 2009
Indonesian diversified company PT Delta Dunia Petroindo Tbk declared that it has reached an agreement to purchase a coal mining contractor PT Bukit Makmur Mandiri Utama (BUMA) for $550 million. For full story, click here
Read the full article: "Indonesia’s Delta Dunia Purchased Coal..."
Saturday, August 15, 2009
Interfax-Ukraine declared that most Ukrainian mines reduced iron ore production significantly in January to July however the dip in the industry appears to be slowing. For full story, click here
Read the full article: "Ukraine Iron Ore Mines Reduced Output in 7..."
Thursday, August 13, 2009
Steel Authority of India Ltd, the country’s leading domestic steel maker, hoped to get iron ore mining licence a key state that will help boost output. For full story, click here
Read the full article: "SAIL eyed Iron Ore License in Key State"
Thursday, August 13, 2009
Iron ore miners will have to pay 10 per cent of the market price of the mineral as royalty to the government as against the current practice of a fixed rate, with the Cabinet Committee on Economic Affairs approving the proposal. For full story, click here
Read the full article: "CCEA Approved 10% Ad Valorem Royalty Iron Ore"
Thursday, August 13, 2009
China’s iron ore demand has turned cautious over surging steel inventories, pulling dipped prices by a few dollars on Thursday compared to early this week. For full story, click here
Read the full article: "Asia Iron Ore-China Purchased Turns Cautious"
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Wednesday, August 26, 2009