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

Yalian Steel announces Q3 financial and operational results

Yalian Steel Corporation announced its financial and operating results for the three and nine months ended June 30, 2011. The Company or Yalian refers to Yalian Steel Corporation and its…

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…

August 29, 2011

SAIL expansion plan on right track – Mr CS Verma chairman

TNN reported that Steel Authority of India Limited chairman Mr CS Verma said that they are moving ahead with their expansion and modernization plans in the country for which the…

August 29, 2011

Nigeria: Mining Sector to Generate Two Million Direct Jobs

Stakeholders in the mining sector said they are targeting to create about two million direct jobs for Nigerians from the sector. Under the Progressive Miners Empowerment Association (PMEA), the miners…

August 28, 2011

Asian dry bulk rates may surge on iron ore demand

Rates for capesize dry bulk carriers on key Asian freight routes are expected to rise this week on strong Chinese demand for the steelmaking ingredient iron ore.

August 28, 2011

Karnataka steel industry reels under mining ban

Reeling under raw material shortages and the extension of a mining ban, the multi-billion dollar Karnataka steel industry is in the doldrums due to continuing uncertainty over iron ore supply…

August 28, 2011

Mining in Africa and the new `Great Game’

Australian companies are now the third-largest spenders on exploration in Africa after South African and Canadian companies, according to two economists from Australia's Export Finance and Insurance Corporation (EFIC).