Baoshan Iron and Steel (Baosteel), China’s largest steel maker, has contracted China Shipping Development to ship iron ore to feed its growing steel output, the shipping company says.
China Shipping Development will ship 6 million tonnes a year of iron ore along the coast of China for three years starting in April 2007.
It will ship ore [...]

China Shipping Development Co Ltd (SHA 600026; HK 1138) said it has signed two long-term iron ore shipping contracts with Baoshan Iron & Steel Co Ltd (Baosteel) (SHA 600019), the country’s largest steel producer.
According to a statement filed with the Shanghai Stock Exchange, the company will ship iron ore along the coast of China for [...]

Details of the value of the contract or its length were not disclosed. Rautaruukki said deliveres will begin this April.
The company’s Raahe site uses around 1 mln tonnes of agglomerated iron ore pellets and some 2 mln tonnes of iron ore fines in iron ore production each year.

A minerals explorer in the Pilbara, in north-west Western Australia, says it is happy with the State Government’s preferred site for a new iron ore port.
Aurox Resources has a potential iron ore and vanadium project near Ronsard Island, the site announced last week as the best place for a new multi-user port.
Charles Schaus is the [...]

Industrial Union of Donbass (IUD) is increasing imports of iron ore commodities from Brazil’s MBR (Miniracoes Brasierias Reunidas S.A.), a source at the Transportation and
Communications Ministry told Interfax.
He said that on Saturday a second ship with about 72,000 tonnes of Brazilian concentrate [...]

Lihir Gold Ltd said it made a net profit of 53.4 mln usd in 2006, up from 9.8 mln usd a year earlier as gold production at its mine on Lihir Island in Papua New Guinea increased and it benefited from higher prices for the precious metal.
The Australian-listed company said in its December quarter production [...]

The domain of snakes, scorpions and scrub brush since time immemorial, a stretch of desert in northwest Peru could soon become an unlikely generator of jobs and economic well-being, thanks to the booming U.S. market for ethanol.
At a ceremony this month, energy firm Maple Cos. closed a deal to buy 25,000 acres of unused and [...]

Pearl Asian Mining Industries, Inc. with Stock SYMBOLS: U.S.A. (OTC:PAIM ); Germany (XETRA:R1Z) and (Frankfurt:R1Z) announces that it is about to start diamond core drilling on Binasan Gold Project-Operation Cagayan de Oro (CDO). With the imminent end to a particularly severe 6-month wet season in the Philippines and the start of the dry season fast [...]

Maestro Ventures Ltd. announces that the 2007 exploration drilling program has commenced on the Caldera property in west-central Nevada. The drilling program will test three different areas with significant gold mineralization, including follow-up to a previous drill holes that intersected 5 feet grading 2.0 oz/ton gold, and another that intersected 25 feet grading 0.25 oz/ton [...]

Exxon Mobil, the oil conglomerate whose operations span the globe, is now drilling for natural gas very close to home, according to a news report Monday.
The world’s largest publicly traded oil company, by market capitalization, has begun drilling in the Barnett Shale gas field around Forth Worth, Texas, said The Wall Street Journal.
Exxon’s global [...]