Indian Iron Ore CIF Spot Breach $100 mark
The spot prices of Indian iron ore fines for exports surged by another 1% on July 30th 2009 breaching the psychological barrier of USD100 per tonne CNF Chinese port. For full story, click here
Articles Tagged "port"
Reduction of permits for Iron Ore Trucks at Mangalore Port
TOI declared that with a view to minimize traffic snarls on the national highway 17 by putting a cap on the number of manganese ore trucks plying to New Mangalore Port on a day to day basis, the district administration has shot off a letter to the department of mines and geology requesting the director [...]
Vale Iron Ore Railway reopened in flooded N.Brazil
Brazilian mining firm Vale declared that it has reopened a flooded train line in northern Brazil which carries iron ore from its leading mine to a sea port. For full story, click here
BHP Billiton booked 13 Capesize Iron Ore Cargoes to China
BHP Billiton declared to have arranged freight for a total of 2.2 million tonnes of iron ore between Port Hedland and Qingdao in 13 Capesize ships in the space of a week. It fixed 12 ships, each to carry 170,000 million tonnes cargoes and one ship to lift a 160,000 million tonnes stem. For full [...]
Iron Market: Heading For A Glut?
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, [...]
First Batch of Mongolian Iron ore imported at Mandula Port
It is declared that 99.15 tonnes iron ore from Mongolia are reported to be imported at Mongolia on March 27th becoming the first passage of this year there. For full story, click here
Rizhao constructs China’s 1st iron ore trading centre
The city of Rizhao, in the eastern province of Shandong reported that it has planned to set up China’s first iron ore trading centre to take advantage of Rizhao Port, the country’s top iron ore port. For full story, click here
China’s iron ore port to raise handling fees
China’s largest Iron Ore port, Rizhao Port reported that it will increase handling fees for imported iron ore by 11 percent from Sept. 1, as iron ore stocks at China’s ports remain high. The company said in a statement: The port will raise handling fees for imported iron ore moved out of the port via [...]
ArcelorMittal teams on Brazilian port project
Global steel maker ArcelorMittal is collaborating with a small Canadian company to develop a US$250-million iron ore port in Brazil. For more information, click here For company’s website, click here
