ArcelorMittal, the world’s biggest steelmaker, declared that it was not buying any iron ore on a spot basis and all its ore purchases were based on traditional contracts. Lakshmi Mittal, the chairman and chief executive of the company, stated: We’re not buying anything on spot, we’re buying all on contract price. For full story, click [...]
Continue reading "Arcelor Mittal announced not to buy Iron Ore on Spot Markets"
Wednesday, July 29, 2009
ArcelorMittal South Africa declared that it would like to source up to 4 million tonnes of iron ore from the expansion of Kumba Iron Ore’s Sishen mine if it wins a legal case between the companies. For full story, click here
Continue reading "Arcelor Mittal South Africa has eyed 4 mln T Sishen Iron Ore"
Wednesday, July 29, 2009
ArcelorMittal, the world’s biggest steelmaker, declared that it was not purchasing any iron ore on a spot basis and all its ore purchases were based on traditional contracts. For full story, click here
Monday, July 6, 2009
ArcelorMittal Vice President Roland Verstappen declared that it hoped to cooperate with Chinese steel makers in iron ore exploration and mining. For full story, click here
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Friday, July 3, 2009
World number one steelmaker ArcelorMittal is suspending development of its Faleme iron ore project in Senegal as a result of the global economic slump. For full story, click here
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Friday, June 19, 2009
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
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The Iron Ore Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
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Saturday, August 1, 2009