July 1, 2011

First iron ore train in 30 years leaves Schefferville

Stocks in Labrador Iron Mines Holdings ended up 5% in Toronto on Thursday after reporting that on June 29, 2011 the first loaded iron ore train departed Silver Yards for…

July 1, 2011

LME Steel billet volumes up 214% in first half

Trading in steel billet at the London Metal Exchange (LME) has continued to grow rapidly in the first half of 2011, up 214 per cent compared with the corresponding period…

June 30, 2011

Outotec to deliver the world’s largest iron ore pelletizing plant in Brazil

Outotec has agreed with Samarco Mineração S.A. on a turnkey delivery of the world's largest iron ore pelletizing plant in Brazil. The contract value is approximately EUR 200 million, which…

June 30, 2011

Industrial metals surge to near two-month highs

Industrial metals surged nearly 3 percent to end at its priciest in nearly two months Wednesday, as repressed buyers flooded the market after a Greek parliament vote to accept austerity…

June 30, 2011

Schnitzer steel industries Q3 profit drops

Schnitzer Steel Industries, Inc. (SCHN) posted third-quarter net income attributable to the company of $33.03 million or $1.18 per share compared to $40.45 million or $1.43 per share a year…

June 30, 2011

Brazil’s Samarco orders world’s largest iron ore pelletizing plant

Outotec has agreed with Samarco Mineração S.A. on a turnkey delivery of the world's largest iron ore pelletizing plant in Brazil. The contract value is approximately EUR 200 million, which…

June 30, 2011

Right time to get into commodities, says Barclays Capital

The world seems set to enter a period of slower growth and higher inflation and investors would do well to gain some direct exposure to commodity markets, said Barclays Capital…

June 30, 2011

Invest in commodities rather than producers

Investing directly in commodities through indexes gives an investor more direct exposure to commodity prices than investing in the producers, whose returns were more aligned with equities.

June 30, 2011

POSCO not in talks with Sundance on $4.6 bln iron ore project

POSCO, the world's third-biggest steelmaker, is not in talks with Sundance Resources over the latter's $4.6 billion iron ore project in West Africa, a POSCO source said. "We previously met…

June 30, 2011

Mining truck tires now pricier than a Merc

China's insatiable demand for commodities has prompted a tripling in the price of mining truck tyres, making them more expensive than a Mercedes sportscar. Prices for tyres about 3.5 meters…