Tata Steel Mining News

Canada’s Quebec injects $130M into Tata Steel Quebec-Labrador iron ore project

Financing consisted of a loan of $50 million from Investissement Quebec along with $125 million for an 18% equity stake in TSMC through Ressources Quebec.

Earth Alive signs exclusive multi-year distribution agreement with Brenntag Canada for its EA1 microbial technology

EA1 is a 100% organic and biodegradable product that uses the latest advances in microbial technology to control soil born dust emanations.

Canada invests $133 million in Tata Steel Quebec-Labrador iron ore project

Deal comes at a time of improved steel demand from China and mimics an effort by the UK government to rescue Tata Steel's Port Talbot operations to save jobs.

Tata Steel scales down iron ore mining at Canada facility

The company cited “challenging conditions” in the steel and iron ore markets as the main reason for such decision.

Canadian court hands victory to First Nations in lawsuit against Rio Tinto

Quebec's highest court has refused to hear an appeal of a last year judgment that rejected a motion to dismiss the millionaire lawsuit against the miner's Iron Ore Co. of Canada (IOC).

Canadian court rules aboriginal lawsuit against Rio Tinto can go ahead

Quebec judge wouldn't dismiss $900 million lawsuit.

INFOGRAPHIC: The world's most recycled metal

This metal doesn't loose any strength no matter how many times its recycled.

Rio Tinto makes first coal shipment‎ from Mozambique

Giant miner Rio Tinto said Monday that it has started exporting premium hard coking coal from its Mozambique Benga Mine, its first shipment of 34,000 tons has left the Port of Beira and is bound for an Indian steel mill.

Tata Steel forecasts improved demand amid European woes

India's Tata Steel forecast improving global demand in spite of European woes, as the world's No.7 steelmaker reported a bigger-than-expected drop in quarterly profit after being squeezed by weak prices, lower volume and higher input costs.

Race for resources – TATA Power in talks to buy stake in MEC Coal

TATA Power is in talks to pick about 15% stake in MEC Coal, the Dubai registered company that owns more than two billion tonnes of coal reserves in Indonesia.

Tata Steel said to be bidding for Australian coal miner New Hope

India's largest business group is considering making a bid for New Hope Corp. (ASX:NHC) in what could be the largest coal deal since Alpha Natural Resources (NYSE:ANR) bought Massey Energy in January for around $7 billion. According to Bloomberg, citing sources familiar with the plan, the acquisition would involve a joint bid between Tata Steel and Tata Power for Queensland-based New Hope which is valued at $A4.9 billion. Indian steelmakers and power plants are struggling to secure coal to run their plants in the face of supply shortages.

Tata Steel sells Riversdale stake to Rio Tinto

India's Tata Steel on Thursday agreed to sell its 26 percent stake in Australia's Riversdale to Rio Tinto for $1.1 billion, giving the Anglo-Australian giant full control of the coal miner. Tata, the world's No 7 steelmaker, will sell shares in an open offer at A$16.5 each. Riversdale shares closed little changed at A$16.50 in Sydney on Thursday before Tata Steel's announcement.

United Kingdom steel industry set for slow recovery

According the analysts at Research and Markets the British steel industry is set for a slow recovery following another dismal year in 2010, although the planned acquisition of Tata Steel's mothballed complex in Teesside by a Thai steelmaker is welcome news in an otherwise gloomy outlook.

TATA steel's restructuring to result in 1,500 jobs cut in UK

TATA Steel's European unit Corus said on Friday it will cut around 1,500 jobs in northern England as part of a restructuring of its long products unit, which supplies clients including builders and miners. Like others in the industry, Tata Steel has faced a margin squeeze since last year, as the price of raw materials increases but demand from sectors like construction remains muted.

Tata Steel expects 15% jump in raw material costs

The Wall Street Journal writes that Tata Steel Ltd. expects its raw material costs to increase around 15% in the next fiscal year starting April 1, mainly due to recent floods in Australia and higher […]