CSN, Brazil’s third-largest steelmaker, expects an surge of about 37 percent in its sales of iron ore this year, a top executive told analysts in a conference call on Friday. For full story, click here
An Australian man is one of four Rio Tinto employees who have been arrested and detained by Chinese authorities, with the Rudd Government demanding Beijing provide “urgent consular access to him”. For full story, click here
Mining company Cliffs Natural Resources Inc. declared that at a customer’s request, it expects to defer about one million tons of iron ore pellet sales to the first quarter of 2010. For full story, click here
India’s iron ore exports dipped 12% year-on-year in March, interrupting the trend of surging sales in the previous three months, as expensive rail freight takes its toll on shipments from Karnataka and eastern India, say leading mining companies. Federation of Indian Mining Industry president Rahul Baldota, stated: The Chinese government, in the past few months, [...]
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
Australia’s Fortescue Metals Group is reported to be in talks to sell iron ore to European steel mills. Executive Director Graeme Rowley stated: We are negotiating that right now. For full story, click here
Fortescue Metals Group Ltd agreed to increase its iron ore sales to an arm of Chinese steel maker Hunan Valin Iron and Steel Group, now its second-largest shareholder. For more information, click here
Saturday, August 8, 2009