Minerals Corporation Limited of Wuhan Iron and Steel (Group) (WISCO) has acquired 65 million common shares of Consolidated Thompson Iron Mines Limited (TSX: CLM). The shares were acquired by way of private placement for an aggregate subscription price of C$ 28,748,227.20 or C$ 4.40 per share. The shares were acquired for investment purposes only. For [...]
Continue reading "WISCO acquires Consolidated Thompson shares"
Friday, August 21, 2009
Steel Minister Virbhadra Singh today asked the country & aposs leading iron ore producer NDMC to review its iron ore pricing policy after its expiry in next year. For full story, click here
Continue reading "Steel Minister Asked NDMC to review Iron Ore Pricing Policy"
Friday, May 8, 2009
A benchmark iron ore price this year below current spot prices is unacceptable, miner Rio Tinto declared that while rival BHP Billiton saw the traditional benchmark pricing system breaking down. For full story, click here
Continue reading "Miners have forecasted the end to benchmark iron ore pricing"
Wednesday, April 15, 2009
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, [...]
Continue reading "Iron Market: Heading For A Glut?"
Tuesday, March 24, 2009
Negotiations on the annual benchmark prices for iron ore imports in China are not likely to conclude before April 1, when a new annual agreement usually comes into effect, according to analysts. For full story, click here
Continue reading "Iron ore pricing delayed"
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Tuesday, September 29, 2009