Rio Tinto Ltd (RIO:ASX) has announced the continuation of the Iron Ore Company of Canada (IOC) operations programme to increase its annual concentrate capacity by four million tonnes to 22 million tonnes by 2012. IOC Chairman and Rio Tinto chief executive, Iron ore Sam Walsh is quoted saying: “Some uncertainty and potential volatility remain about [...]
Continue reading "Rio Tinto Restarts Iron ore Expansion with $400M Investment"
Saturday, August 15, 2009
Interfax-Ukraine declared that most Ukrainian mines reduced iron ore production significantly in January to July however the dip in the industry appears to be slowing. For full story, click here
Continue reading "Ukraine Iron Ore Mines Reduced Output in 7 months"
Monday, June 15, 2009
Australian iron ore producer that commenced shipping to China last year Atlas Iron Ltd will sell shares worth as much as AUD 117 million to help fund expanded production. For full story, click here
Continue reading "Australian Iron Ore producer will raise $117 mln to expand output"
Wednesday, May 13, 2009
By Kishori Krishnan Exclusive To Iron Investing News Shares in WA’s mid-west iron ore miners and explorers lifted after the Federal Government committed $339 million towards the $4 billion Oakajee port. The government matched funding offered by the WA state government in its 2009/10 federal budget handed down on Tuesday, bringing the total government commitment [...]
Continue reading "Australian Govt. Backing Supports Iron"
Wednesday, May 6, 2009
Egyptian Iron and Steel Company’s output of pig iron exceeded 1 million tonnes of in 2008 against 1.175 million tonnes in 2007. For full story, click here
Continue reading "Egyptian Iron and Steel Company dipped production in 2008"
Wednesday, April 29, 2009
Australia’s Fortescue Metals Group has cut its full-year sales forecast by 15 percent to 26 million tonnes on Wednesday, following heavy rains in the March quarter, the second iron ore miner to signal lower output this week. For full story, click here
Continue reading "Australia’s Fortescue has cut iron ore sales target by 15%"
Friday, April 17, 2009
The Tatas and the Canadian iron ore prospecting company, New Millennium Capital Corporation has announced proposal to commence mining and direct shipment of ore to Corus from April-June quarter of 2011. For full story, click here
Continue reading "Tatas, Canadian Iron ore Company may start production in 2011"
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?"
Thursday, April 2, 2009
By Kishori Krishnan Exclusive to Iron Investing News The talks haven’t borne fruit, as yet. Even as news comes filtering in that China has landed a 40 per cent price cut with the Top Three ore miners, final iron ore talks for fiscal 2009/2010 have yet to see the light of day. Shan Shanghua, secretary-general [...]
Continue reading "Iron Ore Prices To Linger Low"
Thursday, March 19, 2009
Goldman Sachs reported that it has deepened its contract iron ore price forecast to a record 40% decline because of slumping global steel production. For full story, click here
Continue reading "Goldman Sachs forecast 40% dip in iron ore price"
For upcoming iron ore investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo
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Thursday, May 27, 2010