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…

August 8, 2011

Altius, Cliffs expand Canadian exploration venture

Newfoundland-based Altius Minerals has expanded its exploration agreement with number-one US iron-ore miner Cliffs Natural Resources to include a new project in northern Labrador, it said on Monday. Image of…

August 8, 2011

NMDC ‘ready’ to raise iron ore supplies to meet demand

Seeking to allay fears of iron ore supply shortages, state-run miner NMDC today said it is willing to "substantially" increase the raw material availability in this quarter to meet the…

August 8, 2011

Laconia shares soar on JV deal

PERTH-based explorer Laconia Resources shares have spiked by as much as 16% after it announced a $A7.5 million deal with a Chinese syndicate to further explore and develop the Mooletar…

August 8, 2011

BRIEF-Vedanta buys stake in Liberia iron ore project for $90 mln

LONDON, Aug 8 (Reuters) - Vedanta Resources PLC: * Sesa goa to acquire 51% stake in western cluster * Sesa goa to acquire a 51% stake in western cluster limited,…

August 7, 2011

India iron ore mining ban: Auto parts sector fears raw material shortage

The auto components industry fears that a crisis situation might emerge in terms of raw material shortage as a consequence of the iron ore mining ban in Karnataka.