Iron ore demand is increasing among Chinese steel makers and the CISA lead boycott is simply not credible. Iron mining companies recognize this and will not relent from their position, which grows stronger every day that global demand recovers and ore prices rise.
Continue reading "Chinese Iron Ore Boycott Unsustainable"
Monday, October 5, 2009
By Kishori Krishnan Exclusive To Iron Investing News Iron clad deals are in play. Chinese steel and iron ore group Baosteel has proposed to pay US$ 1.6 billion for a 30 per cent stake in Anglo American‘s (AAL.L) huge Minas Rio iron ore mine in Brazil. Traders maintain that any deal with Baosteel could help [...]
Continue reading "Baosteel To Edge Out Xstrata in Anglo American?"
Monday, September 28, 2009
By Kishori Krishnan Exclusive To Iron Investing News The Chinese have blinked first on the 2009 iron ore pricing issue. Quietly accepting defeat, China’s biggest steelmakers have largely given up trying to wring discounts on iron-ore purchases this year and are now concentrating on next year’s contract-price talks, according to media reports. China, by far [...]
Continue reading "China Accepts Defeat On Iron Pricing?"
Thursday, July 30, 2009
Vale SA, the world’s biggest iron- ore producer, said second-quarter profit slipped 84 percent after the global economic crisis curbed demand and prices for the steelmaking raw material. For full story, click here
Continue reading "Vale Profit slipped 84% as Iron Ore Price Slumped"
Friday, June 19, 2009
Brazilian miner Vale declared that it has cut prices for iron ore to ArcelorMittal, the world’s leading steelmaker, as the global slump reduces demand for the key steel ingredient. For full story, click here
Continue reading "Vale has cut Iron Ore Prices for Arcelor Mittal"
Tuesday, June 16, 2009
Samarco, a joint venture between miners BHP Billiton BHP.L and Vale declared that it has cut iron pellets prices by 48.3 percent from last year’s price for Indonesia’s Krakatau Steel. For full story, click here
Continue reading "Vale- BHP Venture has cut Iron prices to Krakatau Steel"
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"
Tuesday, May 12, 2009
Brazilian mining firm Vale declared that it has reopened a flooded train line in northern Brazil which carries iron ore from its leading mine to a sea port. For full story, click here
Continue reading "Vale Iron Ore Railway reopened in flooded N.Brazil"
Tuesday, April 28, 2009
Cia. Vale do Rio Doce, the world’s leading iron-ore producer, declared that output fell 37 percent in the first quarter as it shut down mines because of lower demand. For full story, click here
Continue reading "Vale Rio’s Quarterly Iron-Ore Output drop on lower demand"
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?"
For upcoming iron ore investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo
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Monday, May 3, 2010