August 31, 2011

Eyre magnetite jumps 200 pct

Chinese steel major Wuhan Iron & Steel (WISCO) and Centrex Metals have boosted the total mineral resource for their Eyre Peninsula joint venture iron operation by 200% after posting an…

August 30, 2011

Iron ore miners call the shots as China steelmakers’ profits melt away

China's 27 largest steel companies saw a 15.7% decrease in the first-half profits from a year earlier for a combined profit of $1.6 billion, according to the Shanghai-based researcher Wind…

August 30, 2011

Advanced Explorations Inc. reports 165 metre section of 34% iron at Tuktu project-includes 8 metres of 50% iron

TORONTO, ONTARIO--(Marketwire - Aug. 30, 2011) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) is pleased to announce further drill results from its Tuktu Iron Ore Project located in Nunavut, Canada. Drill-hole…

August 30, 2011

India steel industry struggling on shortage of iron ore

India's Steel industry is struggling on account of severe shortage of Iron Ore following the ban on mining in Karnataka following the detection of several illegal mining firms operating in…

August 30, 2011

Beowulf Mining positive on Swedish iron ore projects

Beowulf Mining ( LON:BEM ) said this morning that it continues to retain a “positive outlook” for the potential of its flagship iron ore projects as it reported interim results…

August 30, 2011

Banks push into physical iron ore trading

9:56am BST By LONDON (Reuters) - An increasing number of investment banks are poised to muscle into the trading of physical iron ore, a business long dominated by trading houses,…

August 30, 2011

Hiking our fair value estimate for BHP Billiton

We are increasing our fair value estimate for BHP Billiton (BLT) by 5% and maintain our positive stance. Very strong cash flows leave the balance sheet in better shape than…

August 29, 2011

China to import about 66% of Australian ore, Tracking Data Show

China will import about 66% of the iron ore loaded in the week ended Aug. 25 at Australia’s two largest export facilities, according to ship-tracking data compiled by Bloomberg.

August 29, 2011

Indian steel pipe and tube industry has immense potential – Mr Misra

It is reported that Mr PK Misra secretary with the India’s ministry of steel said that the Indian steel industry would pick up in the coming months and reach its…

August 29, 2011

Indian iron ore mining mess – Bangalore Chamber raises job losses flag

DHNS reported that the India’s Supreme Court’s directive to suspend all mining activities of iron ore in the districts of Chitradurga and Tumkur in the Karnataka has multiple implications on…