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Iron ore stockpiles fall at China’s ports

Iron ore stockpiles at China's 30 major ports fell 0.64 percent week-on-week to 94.74 million tons on Aug. 12, including 13.06 million tons of Indian iron ore stockpiles which fell 6.51 percent, according to Aug. 12 figures from Shanghai-based Mysteel Information. The price of Indian iron ore grading 63.5 percent mostly stands between $186 to $187 per ton, down at least $1 from last week.
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EastCoal plans to start up wash plant at Ukrainian mine by 2012

EastCoal, a Canadian company focused on coal production in Ukraine, plans to start up operation of a wash plant for its Verticalnaya mine in Ukraine before year-end, the company said in a press release.