Reuters reported that while Australian shares may be unlikely to revisit their 19-month highs Tuesday after the easing of the global share markets, miners will benefit from the solid iron ore prices and China’s improved growth.
Articles Tagged "Iron Market News"
Reuters reported CITIC Pacific has filed a court injunction against Clive Palmer over disputed royalties at the $8 billion Sino iron project in Western Australia.
CNBC reported Cliffs Natural Resources (NYSE:CLF) says it will lay off about 625 people at a Michigan mine and cuts production at a Minnesota iron ore mine.
Mining Weekly reported a new Roskill report predicts that while its likely iron ore will remain volatile.
Bloomberg reported Posco (NYSE:PKX) may buy a stake in ArcelorMittal Mines Canada Inc. (NYSE:MT) after canceling a bid for Arrium Ltd. (ASX:ARI).
Reuters reported BHP Billiton (NYSE:BHP) says it will expand its iron ore production by a fifth in the next year.
BusinessReport reported Anglo American (LSE:AAL) said it expects the Minas-Rio iron ore project to $8 billion from $5.8 billion.
Reuters reported Rio Tinto (ASX:RIO) says the mining industry in Australia is complacent and current attitude will lead to widespread cost cuts on lowered iron prices.
Bloomberg reported Anglo American Plc (LSE:AAL)’s Kumba iron ore unit said profit will drop at least 20 percent this year on lower prices and strikes in South Africa.
Afferro Mining Inc. (TSXV:AAF,LSE:AAAM) announced an update on its Nkout iron project in Cameroon.