China announced BHP-Rio Iron Ore JV Monopolistic
China’s leading steel industry group strongly opposes a joint venture deal consolidating iron ore assets of BHP Billiton and Rio Tinto in Australia. For full story, click here
Articles Tagged "venture"
Iron Market: Heading For A Glut?
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, [...]
Wits Basin reported completion of its iron ore joint venture
Wits Basin Precious Minerals Inc. declared that China Global Mining Resources Limited, its 50/50 joint venture company with London Mining Plc, has completed the acquisition of two companies, Maanshan Xiaonanshan Mining Co., Ltd and Nanjing Sudan Mining Co., Ltd, which own an iron ore mine and concentrator plant located in the Anhui and Jiangsu Provinces [...]
Kobe Steel and Sojitz to set up iron project in Vietnam
Kobe Steel Limited and Sojitz Corporation have planned to set up a $300 million venture to develop an iron project in Vietnam. For full story, click here
Tata Steel to pick stake in Thach Khe Iron Ore
Tata Steel has entered into a $5 billion joint venture investment agreement in Vietnam to establish integrated steel complex with 4.5 million tonne capacity. The agreement also enables Tata Steel to acquire 30 per cent stake in Thach Khe Iron Ore Joint Stock Company, which would undertake mining in the Thach Khe iron ore mine. For more [...]
