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 [...]
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
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: [...]
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 [...]
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
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 [...]
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
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
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
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
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