The China Chamber of Commerce of Metals, Minerals and Chemicals Importers and Exporters announced that it has released the average reference prices for import transactions of Fe 63.5% Indian iron ore concluded last week on May 4th 2009. For full story, click here
Brazilian mining entrepreneur Joao Carlos Cavalcanti declared that he may sell control of a iron- ore mine project in the northeastern Brazilian state of Piaui to an Indonesian or Indian purchaser next week. For full story, click here
Improving demand is reported to have seen domestic hot briquetted iron prices in India rise by almost $60 per tonne. For full story, click here
The dip in Indian iron ore prices has been steady in the last 6 weeks due to lack of demand from the Chinese steel manufacturers. For full story, click here
Indian iron ore was reported to be flat this week, stuck in the same range since mid-March, with China drawing supplies slowly but steadily, even as traders eyed contract talks between steel companies and iron ore miners for future direction. S.V. Salgaocar, managing director of V.M. Salgaocar and Brother Pvt Ltd, stated: It is not [...]
Global mining major Anglo American Plc today said it is keen on roping in local players to forge joint ventures in India’s mining sector, where the UK-based firm intends to be a long-term player.The company is interested in iron ore mining in the country. For full story, click here
PANA reported that an Indian consortium has started research and exploration to assess the potential of an iron ore deposit uncovered in Lalaua district, in the northern Mozambican province of Nampula. For full story, click here
An industry official said: Indian steel firms have asked the government to increase an export duty on iron ore to 35 percent from 15 percent to slow exports and ensure supplies in the domestic market. Steel makers say that their profit margins are declining due to rising prices of raw materials such as iron ore and coke. For [...]
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