December 25, 2011

Chinese November stainless flat product exports up by 19pct YoY

According to data released by Chinese customs, China's exports of stainless steel flat products totaled 119,372 tonnes in November 2011, surged by 19% MoM in comparison of 100,029 tons in…

December 23, 2011

Australia’s iron ore miner Fortescue inks deal with aborigines

Australian iron ore mining company Fortescue Metals Group announced on Friday it had signed a land access agreement with the Njamal People for the North Star project in the Pilbara…

December 22, 2011

Vetorial stays in pig iron despite ambitious iron ore venture

Brazil’s Vetorial Participações will keep its merchant pig iron business despite moving into a 7.6 billion Reais ($4 billion), 20 million-tpy iron ore joint venture called Vetria Mineração.

December 22, 2011

Kobe Steel enlisted to help India upgrade $400m iron ore nuggets plant

The government-owned Steel Authority of India (SAIL) has commissioned Japan’s Kobe Steel to upgrade its manufacturing facilities and set up a new $400 million iron ore nuggets plant in Durgapur,…

December 21, 2011

Kumba: the unintended beneficiary in Sishen saga

While the judge ruled in favour of ArcelorMittal in the dispute between it and Imperial Crown Trading, Kumba has emerged with some of the spoils

December 21, 2011

Anglo American’s Kolomela iron ore mine delivers first ore

The miner said the $1 billion Kolomela iron ore mine in South Africa has exported its first shipment, putting the project ahead of schedule and on track to achieve full…

December 21, 2011

ArcelorMittal pulls out of Thai G Steel deal

Shares in the Thai steelmaker fell sharply on Wednesday after ArcelorMittal pulled out of a deal to buy a 40% stake in it.

December 21, 2011

China warns of Iranian iron ore import risks

In a spat similar to one the two countries had over crude that has seen Iranian oil shipments bound for country halve for January, China has warned local firms about…

December 21, 2011

Minas-Rio costs soar 15% to $5.78 billion

Anglo American (LON:AAL) has increased the capital expenditure budget for its largest project in development, the Minas-Rio iron ore mine in Brazil, by 15%, the London-listed major miner announced on…

December 20, 2011

Tenova acquires Bateman Engineering N.V.

Tenova, a worldwide supplier of advanced technologies and equipment for the iron & steel and mining industries, announces today the acquisition of Bateman Engineering N.V., a leading equipment supplier and…