Yesterday, China's National Development and Reform Commission released metallurgy industry's operation situation in the first half of this year. In the January-June period of current, iron ore imports reached 334.25 million mt, an increase of 8.1%;
Iron Ore Mining News
The final report of the Karnataka Lokayukta is likely to disclose names of the high and mighty behind the iron ore theft at Belekeri and Karwar ports in 2010.
Rio Tinto is accelerating its iron ore expansion programme in the Pilbara region of Western Australia with US$676m of funding for early works and procurement.
Chinese state-owned company Dafeng Port Group plans to set up a ferronickel industry in Kotabaru, South Kalimantan with a production capacity of 200 million metric tons a year. The president director of Dafeng Port Group Co. Ltd., Ni Xiangrong, said here on Saturday the Dafeng Port Group Co.Ltd. has successfully developed an integrated economic zone in China and plan to build a ferronickel industry and its support industries in Kotabaru.
BHP Billiton is good for the Australian pscyhe. Source: The Australian IN THE "good old days" a billion dollars used to be really worth, well, a billion dollars - these days it seems you are only talking real money when you talk trillions. Back in those
David Knox, Santos chief executive, says the expected skills shortage has not yet affected his company. Picture: Calum Robertson Source: News Limited SANTOS chief executive David Knox, whose company is building one of the three $15 billion-plus coal-seam
According to data released by the National Statistical Committee of the Republic of Belarus, in the first half of the current year Belarus increased metallurgical production by 15.2%YoY. In particular, crude steel production increased by 5.4% to 1.395
According to the data for the first five months of the current year from the Federal Customs Service, Russia ferrous product exports decreased by 16%YoY to 13.950 million tonnes worth a total of USD 8.538 billion.
Work is expected to begin in September on a pilot plant that will convert stockpiled magnetite fines into metallic iron at Palabora Mining from the end of June next year. Martin Creamer of Mining Weekly talks to Iron Mineral Beneficiation Services (IMBS) CEO John Beachy.
Employees of POSCO walk near a sculpture with POSCO's logo at the company's headquarters in Seoul July 22, 2011. POSCO, the world's No. 3 steelmaker, met market expectations with a 17 percent fall in quarterly operating profit on Friday, hurt by firm raw
Swedish steelmaker SSAB (SSABa.ST: Quote) beat second-quarter earnings forecasts, helped by demand for its specialist products in the United States and Europe, and said the recovery had further to run.
According to the World Steel Association (WSA), production of steel in China during the January-June period of the current year stood at 350.543 MT, almost half of world output during the same period and the single highesat by any country.
Canadian Orebodies Inc. (TSX VENTURE:CO) ("Orebodies") has started drilling on its Haig Inlet Iron Ore Project, located on the Belcher Islands, Nunavut, Canada.
Two reports out on Thursday suggest that iron ore is far from being merely a relic of the industrial revolution and still plays a central role in the world economy and the commodities markets. Reuters reports top investment bank Goldman Sachs is preparing to enter the physical iron ore market and the FT says the so-called commodities bible – Cyclope’s World Commodity Yearbook – just published in English is a testament to how the pricing of iron ore from secretive negotiations and annual contracts to prices linked to the spot market constitutes a “true revolution”.
Financial markets — including commodities — surged after details from the highly-anticipated EU Summit were released. Germany's demand that private investors be a part of any Greek bailout, which will likely be considered a partial default by ratings agencies, seems to have been met.
City broker UBS says global mining firm BHP Billiton's (LON:BLT) June production figures were slightly better than expected and gives the stock an unchanged 12 month rating of a 'buy' with a target price of £28.40. The mining giant released the figures yesterday across the spectrum of its resources, including iron ore production up 14 percent year-on-year in the final quarter.
NRW Holdings, leading provider of civil and mining services to the resources sector in Australia, in joint venture with the Ngarluma and Yindjibarndi Foundation Ltd (NYFL) and Eastern Guruma Pty Ltd, has been awarded a contract worth approximately A$80 million for mining at Fortescue Metals Group (Fortescue’s) expansion project the Solomon Hub.
BHP Billiton and Woolworths exactly capture the two faces of our 21st century economy and the challenging - mostly - pluses but also minuses posed right now and into 2012. BHPB approved $12 billion in major new projects in the financial year just ended.
Efforts to turn loss-making Finnish stainless steel maker Outokumpu Oyj (OUT1V.HE) around have been insufficient to date and the company will now focus on growth outside of Europe in order to improve profitability, Chief Executive Mika Seitovirtaof said
BS reported that JSW Steel is likely to take production cuts at its 10 million tonne per annum steel plant at Toranagal in Bellary district of Karnataka owing to severe shortage of iron ore.
BHP Billiton Ltd says it achieved production records in four commodities in 2010/11, with production of iron ore posting its 11th consecutive record. BHP said annual production of iron ore was 134.406 million tonnes (MT), up eight per cent on 2009/10.
The West Australian Government has announced it will levy a 5 per cent royalty on uranium and magnetite iron ore. By 2014-15 the State Government expects to reap more than $160 million a year from magnetite royalties and $28 million from uranium.
Strong metal and oil stocks lift the TSX Composite Index Tuesday as the loonie rallies on expectations of eventual rate hike.
Live cams are not just for watching baby eagles and monitoring highway conditions, Northland has its own where users can see how much progress the company has made on its Kaunisvaara project, an iron ore mine being built in northern Sweden.
South African miner International Ferro Metals said output fell 17 percent in the fourth quarter due to a scheduled shutdown of a furnace. Ferrochrome production was at 42,584 tonnes for the quarter ended June 30.