By Kishori Krishnan Exclusive To Iron Investing News Its open sesame for Western Labrador business owners who are celebrating the reopening Monday of the Labrador City iron ore mine. The Iron Ore Company of Canada (IOC) shut it down for five weeks this summer after iron ore prices plummeted. Many mine workers left the area [...]
Chinese iron ore trader Minmetals Group’s ore project in Anhui province has deposit potential of up to 155 million tons worth nearly 50 billion yuan, Caijing Online reported yesterday. For full story, click here
Private Chinese metals company Xiyang Group has planned to develop a huge Russian iron ore mine from April 2010. For full story, click here
CSN, Brazil’s third-largest steelmaker, expects an surge of about 37 percent in its sales of iron ore this year, a top executive told analysts in a conference call on Friday. For full story, click here
Iron Road Ltd., which gained 84 percent in Sydney trading today has planned to sell new shares this year to develop its iron ore project in South Australia. For full story, click here
The country’s single leading iron ore producer and exporter, NMDC Ltd, hopes to complete the merger of Sponge Iron India Ltd with itself in the next three months. For full story, click here
Iron ore prices topped $110 into China this week as the country’s steel mills kept soaking up material, although some market participants expressed concern over the speed of a near doubling in prices since April lows. For full story, click here
India, the world’s third leading iron ore supplier, is seriously considering putting curbs on exports, Steel Minister Virbhadra Singh declared on Friday, but he gave no details of possible proposals or a likely timeframe. For full story, click here
It is declared that surging steel market strongly bolsters steelmaking pig iron market to soar. The ex works quotation is approaching CNY 3000 per tonne now. For full story, click here
Private Chinese metals company Xiyang Group has planned to develop a huge Russian iron ore mine from April 2010. For full story, click here
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