Mining major BHP Billiton Tuesday gave its clearest indication to date that it will move away from annually priced iron ore contracts in favor of an external reference index-correlated pricing system after its ...
Iron Ore Mining News
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.
Siemens VAI Expands Local Business in Russia – Need for Modernization in the Iron and Steel Industry Calls for Local Competence and Value Adding
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.
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.