August 11, 2011

Analysis: Japan’s reconstruction steel demand to fall short

Steel demand in Japan will fall short of expectations as political wrangling holds up cash injections after a devastating March 11 earthquake and tsunami, while the construction sector is battling…

August 11, 2011

Workers deserve their share of the wealth, too

Employer groups should be handing out concrete umbrellas to their members, given how often they predict the sky is about to fall in. First, the mining tax would ruin us,…

August 11, 2011

Maiden iron and high grade vandium resource announced for WA Canegrass project owned by SA’s Flinders Mines

Significant high grade vanadium Inferred Mineral Resource - 107Mt @ 0.62% V2O5, +0.5% cut-off Extensive upside potential - only 5% of prospective stratigraphy contained within current vanadium resource Iron Inferred…

August 10, 2011

Labrador Iron Ore Royalty split staples hardly moved by steep net income drop

Labrador Iron Ore Royalty Corporation, owners of a 15% stake in the Iron Ore Company of Canada, said it earned second-quarter net income of $48.2 million or 75 cents per…

August 10, 2011

BHP Billiton confident in China’s sustained growth

BHP Billiton is confident about sustained growth in China despite the worldwide market turmoil, Chairman of the world's biggest miner said on Wednesday. Speaking at a business lunch in Sydney,…

August 9, 2011

Indian iron ore ban leading to steel supply shortages

The ban on iron ore exported from the state of Karnataka is having downstream effects on the supply of Indian steel, according to a story today in The Hindu Business…

August 9, 2011

Mid-west steel production rises 4,000 tons

Raw steel production in Indiana and the Chicago area, the nation's second largest steel-producing region, was 484,000 tons in the week that ended Saturday. This was up from 480,000 tons…

August 9, 2011

India Globalization Capital enters into a partnership to provide iron ore to Chinese steel mills

India Globalization Capital, Inc. (NYSE Amex: IGC), a company competing in the rapidly growing materials and infrastructure industry in India, announced that it has closed on a strategic partnership agreement…

August 9, 2011

BHP buys Leighton iron ore business for US$727m

Leighton Holdings has sold mining services provider HWE Mining to BHP Billiton. 9News reports that Leighton has signed a heads of agreement for the sale of HWE, which accounts for…

August 9, 2011

Iron ore shortage in India: JSW to run units at 80 pct capacity

JSW Steel on Monday said it will operate its steel units in Karnataka’s Vijayanagar district and Tamil Nadu’s Salem at around 80 per cent of their design capacity of 11…