Many a firm has taken a hit as demand beat a hasty retreat ever since the international financial slump washed up at Indian shores in September 2008. The accompanying credit crunch meant that those with cash reserves can now go cherry-picking with a slew of firms available at a relatively lower valuation. For full story, [...]
India must focus on building iron ore reserves instead of exporting the key raw material in steel making as it looks to boost national steel output. For full story, click here
Baffinland Iron Mines Corp (TSX:BIM) reported today on drill results from the 2008 drilling program. A total of 26 holes were reported on including cumulative 2,680 metres of 66% iron. Hole MR1-08-154 intersected a true width of more than 196 meters grading 66.5% iron. Baffinland has reported in the past that much of this is [...]
Sail has access to captive reserves of iron ore but imports coking coal; high prices of this key input have pushed up the company’s raw material bill over the last couple of years. For full story, click here
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