By Kishori Krishnan Exclusive To Iron Investing News Rio Tinto has completed the sale of its Corumba iron ore mine in Brazil to mining giant Vale SA for a cash consideration of $750 million. The Corumba sale, which was agreed in January, includes a potash project in Argentina and exploration assets in Canada. The Corumba [...]
Continue reading "Strong Signs Spur Iron Talks"
Wednesday, June 24, 2009
India may lose its competitiveness in the Chinese market if the government levies the market-linked royalty and export duty proposed on iron ore, announced R K Sharma, secretary general, Federation of Indian Mineral Industries. For full story, click here
Continue reading "Levies has made Indian Iron Ore less Competitive"
Wednesday, March 18, 2009
Rupee depreciation has offset the impact of 5% export duty on Indian iron ore as Chinese steel companies are trying to slowly roll back production cuts. India’s iron ore exports jumped 21.53% to 13.9 million tonnes in January 2009 against 11.5 million tonnes in January 2008. Independent steel and natural resources consultant AS Firoz said: [...]
Continue reading "India’s iron ore exports climbed 21.53% in Jan"
Tuesday, March 17, 2009
By Kishori Krishnan Exclusive to Iron Investing News Rio Tinto Ltd. (LON:RIO) gave a gloomy assessment of global commodity markets Tuesday, saying there is unlikely to be much of a rebound this year and warning the downturn will continue to hit its profits. The downbeat outlook reinforces the company’s message that it needs to proceed [...]
Continue reading "Rio Tinto Deal with Chinalco in Australian Hands"
Wednesday, March 11, 2009
Canada exported 28.173 million tons of iron ore in 2008 that was lower by 0.5% compared to the previous year. Germany was the biggest importer of iron ore from Canada at 7.272 million tonnes up by 23.8% YoY. For full story, click here
Continue reading "Canadian iron ore exports dipped by 0.5% in 2008"
Thursday, February 26, 2009
By Kishori Krishnan Exclusive To Iron Investing News Ahead of contract talks, iron-ore miners are seeking a price rise. On the horizon is a firmer demand in China, which has ensured that despite concerns about the length and depth of the global recession, iron ore miners are pushing for as much as a 5 per [...]
Continue reading "Uptick From China Bolsters Hope for Iron"
Friday, February 6, 2009
India’s iron ore prices were steady from a week ago as Chinese buying persisted after a revival in December, exporters and a trade body official said . For full story, click here
Continue reading "India’s iron ore price steady as Chinese buying stays"
Monday, December 15, 2008
State-run mining giant NMDC Ltd has successfully negotiated a 102 per cent hike in export prices of iron ore from Japanese and South Korean steel mills, notwithstanding the global financial downturn. For full story, click here
Continue reading "NMDC gets 102 pc hike in export prices of iron ore"
Monday, December 1, 2008
State-run mining giant NMDC Ltd has successfully negotiated a 102 per cent hike in export prices of iron ore from Japanese and South Korean steel mills, notwithstanding the global financial downturn. For full story, click here
Continue reading "NMDC gets 102 pc hike in export prices of iron ore"
Tuesday, November 25, 2008
State-run mining giant NMDC Ltd has successfully negotiated a 102 per cent hike in export prices of iron ore from Japanese and South Korean steel mills, notwithstanding the global financial downturn. For full story, click here
Continue reading "NMDC gets 102 pc hike in export prices of iron ore"
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Monday, September 21, 2009