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.

August 7, 2011

One in four Queensland MPs hold resource shares

One in four parliamentarians in Queensland's state government hold shares in mining or resources companies or have accepted sponsored travel from them this term.

August 7, 2011

Australia evinces interest to invest in India mining sector

Australia has evinced keen interest to invest around Rs 9,000 crore in the mining sector in Orissa and set up mineral-based units in the state. "We have proposal for investment…

August 7, 2011

North American Stainless announces 35% surcharge for August shipment

North American Stainless has announced that it will maintain the fuel surcharge at 35% for stainless flat and long products shipping in the month of August 2011.

August 7, 2011

TATA Steel to move forward with Karnataka project, despite turmoil

The Hindu reported that notwithstanding the turmoil in Karnataka over the iron ore issue, TATA Steel will move forward with its proposed investment in the state, which it is jointly…

August 6, 2011

Vedanta invests $90 million to control a billion tonnes of Liberia iron ore reserves

Sesa Goa, a subsidiary of Vedanta Resources, on Saturday said it will buy 51% stake in an iron ore making firm in Liberia for $90 million in an all-cash deal.…

August 6, 2011

Iron ore imports in China’s Heilongjiang Province double, price up 41%

According to the local customs authorities, in the first half of this year the iron ore imports of China's Heilongjiang Province reached 2.507 million mt, which is 1.2 times the…