By Kishori Krishnan Exclusive To Iron Investing News Rio Tinto has completed the sale of its Corumba iron ore mine in Brazil to mining giant Vale SA for a cash consideration of $750 million. The Corumba sale, which was agreed in January, includes a potash project in Argentina and exploration assets in Canada. The Corumba [...]
Chinese steel-makers are unlikely to dip their current long-term contracts with Australian iron ore producers and move to the spot market instead. For full story, click here
CIS countries nose up to USD 280 per tonne to USD 300 per tonne FOB Black Sea at present. Local producers predicted a rally at the end of this month, but no transaction has been reported now. For full story, click here
Base-metals producers have moved swiftly to cut back production amid weak prices, and thousands of workers have been laid off as a result. For full story, click here
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