Iron Ore Mining News

Markets look to settle iron ore prices

The annual battle to settle iron ore prices appears headed toward deadlock, but exchanges are quietly looking at developing contracts that could change the way the industry sets prices.

WESTPORT, CT, June 20, 2008 — Terex Corporation (NYSE: TEX) today announced that it will host an Investment Analyst Meeting on September 4, 2008, at the Terex Corporation headquarters in Westport, Connecticut.  The event is […]

Siemens VAI Expands Local Business in Russia – Need for Modernization in the Iron and Steel Industry Calls for Local Competence and Value Adding

Siemens VAI is reorganizing its Russian business. “The share of Russian value added to our projects in the iron and steel industry will more than treble in the next two years”, Werner Auer, CFO of […]

Rio Tinto to automate iron ore railway in Australia's Pilbara

Rio Tinto plans to invest $371 million to automate its iron ore railway in the Pilbara region of Western Australia, following successful trials, the UK-Australian mining group said Monday.

Driverless trains for Rio Tinto in the Pilbara

Rio Tinto will invest $371 million [(Rio Tinto share $350 million)  to automate its iron ore railway in the Pilbara region of Western Australia, following successful trials. Within five years, driverless trains will be operating on most of the 1,300 km of track that serves the Pilbara operations, helping Rio Tinto meet its goal of expanding [...]

Metso to supply an iron ore beneficiation plant to India

Metso Corporation Press release on June 11, 2008 at 2.00 p.m. Metso Minerals will supply an iron ore beneficiation plant to BMM Ispat Ltd’s Hospet-Bellary mine in Karnataka, Southern India. The delivery will be completed […]

Oversupply puts zinc under pressure

Steel-making materials such as iron ore, coking coal and manganese have hit the headlines this year in light of record prices due to a boom in demand from the industrialising economies of China and India.

Metso to supply iron ore induration machine to JSW Steel Ltd in India

Metso Minerals will supply an iron ore induration machine to JSW Steel Ltd., India.

QMASTOR’s Pit to Port, SMS3D and iFuse systems selected by leading Australian Iron Ore Group

The directors of QMASTOR Limited (ASX:QML) are pleased to announce the signing of a major contract with an Australian iron ore producer for the provision of their Pit to Port.net, SMS3D.net and iFuse systems across […]

Metso to supply crushing equipment to Australia

Metso Minerals will supply crushing equipment to BHP Billiton Iron Ore for the Yandi mine development project in Western Australia. The delivery will be completed by the end of year 2009. The value of the […]

Metso to supply crushing equipment to Australia

Metso Minerals will supply crushing equipment to BHP Billiton Iron Ore for the Yandi mine development project in Western Australia. The delivery will be completed by the end of year 2009. The value of the […]

China seeks more contract iron ore sales from India – official

BEIJING (XFN-ASIA) – China needs to shift its iron ore purchases from India to focus on more long-term contract sales, according to Liang Shuhe, deputy director of the department of foreign trade at the Ministry […]

Mechel's new excavators

Mechel, one of Russia's leading mining and metals companies, has commissioned new modern backhoe excavators at its iron ore mining subsidiary, Korshunov Mining Plant OAO, and at its nickel mining subsidiary, Southern Urals Nickel Plant […]

Major Expansion at IOC

The Iron Ore Company Of Canada (IOC), based in Montreal, and London, U.K.-based Rio Tinto have approved spending $500 million to increase IOC's annual production of iron ore concentrate to 22 million tonnes (t). The […]

Outotec to Deliver Modern Iron Ore Pelletizing Technology to China

Outotec has agreed with Shougang Jingtang United Iron & Steel Co. Ltd on the delivery of new environmentally sound technology for Shougang's iron ore pelletizing plant to be built in Caofeidan, China. The contract value […]

New sensors for machine automation

Brand new proven radar sensor solutions are now available from indurad – The Industrial Radar Co. indurad in association with RWTH Aachen University have been developing this radar for operator assistance and automation purposes in […]

Largest tyre chains

Following the recent completion of a three year expanion and modernisation program at its Aalen, Germany, tyre protection chain (TPC) production facility, International Mining reports, RUD-Erlau has delivered and installed two full sets of the […]

World steel production to rise by 5.6 percent this year

MEPS forecasts crude steel production in 2008 at 1420 million tonnes – 5.6 percent up on the outturn in the previous twelve month period. This rate of growth is below the year earlier figure of […]

DJ Leighton bags Mesa A iron ore contract from Rio Tinto

Australia's largest construction company Leighton Holdings Ltd announced that its HWE Mining unit has won an AUD 344 million contract to provide mine development services at Rio Tinto Ltd’s Mesa A iron ore operation…more at […]

Australia's Leighton unit wins A$344 million mining contract from Rio Tinto

SYDNEY (Thomson Financial) – Australian construction and contract miner Leighton Holdings Ltd said on Monday its HWE Mining unit has been awarded a A$344 million ($319 million) contract at Rio Tinto's Mesa A iron ore […]