By Kishori Krishnan Exclusive To Iron Investing News Global commodity demand appears to be bouncing back. Miners, who had been savagely affected by the recession as customers slammed the brakes on spending and relied on the backlogs in their warehouses, are also reporting a pick-up. Steadily rising prices for key commodities such as copper and [...]
Global miners Rio Tinto and BHP Billiton are to combine their Australian iron ore operations, six months after BHP dipped a hostile takeover bid for Rio Tinto. John Sevior, head of Australian equities for Perpetual Investments, stated: I think it’s a very clever deal. For full story, click here
Brazilian miner MMX declared on Monday that it would resume operations at the Corumba iron ore mine which were halted in December 2008 to slow output during the global financial slump. For full story, click here
By Kishori Krishnan Exclusive To Iron Investing News The alarm bells have started ringing. On the sidelines of a mining conference, Rio Tinto said iron ore prices are certain to fall in 2009, the first decline in seven years, but not by the 50 per cent suggested by some steel makers. On the spot market, [...]
Cliffs Natural Resources Inc. announced its plans to boost production of iron ore pellets at its Michigan operations above previously announced levels. For full story, click here
Over 150 small sponge iron units have closed their operations and several small and mid-sized steel plants and rolling mills scattered across the eastern region are on the verge of shutting down manufacturing units temporarily. Chhattisgarh Sponge Iron Manufacturers’ Association president Anil Nachrani, said: Both sponge iron makers and small steel-making firms are struggling to make [...]
Advanced Explorations Inc. provided further details on its planned, wholly-owned iron nugget operation associated with the Roche Bay Project in Nunavut,Canada. For full story, click here
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