News archive for March, 2008

Results 1 - 10 of about 154 news for the month of March, 2008.

Colombia nickel miners accept offer to end strike

March 31st, 2008

Unionized workers at Colombia’s Cerro Matoso ferronickel mine accepted a company offer on Sunday to end a four-week strike that has hit global nickel prices, a labor union leader said.
BHP Billiton , which operates the mine in northern province of Cordoba, declared force majeure on Friday on nickel deliveries from Cerro Matoso because of the [...]

Chinese nickel producer takes WA stake

March 31st, 2008

China’s largest nickel producer, Jinchuan Group Ltd, has taken a 11 per cent equity stake in Perth-headquartered nickel explorer and producer Fox Resources Ltd.
The news sent Fox shares north, up 15 cents, or 30.93 per cent, to 63.5 cents at 1229 AEDT on Monday.
Jinchuan secured statutory approvals from the Chinese Government and the Provincial Government [...]

Indonesia feels the pinch as oil, commodity prices surge

March 31st, 2008

With prices for key commodities at record highs, Indonesia — Southeast Asia’s biggest economy and a key exporter — should, at first glance, be enjoying good times.
But with high oil prices leading to a government fuel subsidy blowout and rising food prices hitting the poor, analysts say most Indonesians are being squeezed.
Indonesia is the world’s [...]

Higher crude prices jack up South Korea’s oil import bill

March 31st, 2008

Despite a drop in the volume of oil imports, South Korea’s import bill rose sharply this month from a year earlier as international crude prices shot up, government data showed Sunday.
The country imported US$6.3 billion worth of crude in the first 27 days of March, with the amount likely to hover above $7.1 billion for [...]

Trade deficit grows in January as imports, crude-oil prices hit record highs

March 31st, 2008

The United States’ trade deficit grew larger in January as imports - including crude-oil prices — zoomed to all-time highs.
The latest snapshot of trade activity, reported by the Commerce Department on Tuesday, showed that the country’s trade gap increased to $58.2 billion. That was up from a trade shortfall of $57.9 billion in December and [...]

Indian Govt. May Ask Iron Ore Producers to Cut Prices

March 30th, 2008

The union government on Thursday decided to call a meeting of country’s iron ore producers next week to discuss problems faced by the sector.
Speaking to reporters here, Commerce Secretary G.K. Pillai said: “We have called a meeting of the iron ore producers on 1st April. We will persuade them to reduce prices and any hike [...]

Australasian to double iron ore project

March 30th, 2008

Alliances with Chinese steel makers will be the key to determining whether iron ore explorers become producers and exporters, says Australasian Resources Ltd managing director Andrew Caruso.
Mr Caruso was responding to comments by Rio Tinto Iron Ore chief executive Sam Walsh that only a handful of the 90 or so iron ore juniors on the [...]

Steel giants clash in court over Labrador iron ore mine

March 30th, 2008

The two global steel giants that snapped up Canada’s two largest steel makers are battling in court over a soured deal involving a jointly owned iron ore mine in Labrador.
ArcelorMittal Dofasco Inc. is suing U.S. Steel Canada Inc. (the former Stelco Inc.) and mining company Cleveland-Cliffs Inc. after ArcelorMittal’s an agreement to buy out its [...]

South Africa Iron ore exports up 16%

March 30th, 2008

South Africa exported 30.336-million tons of iron ore in 2007, which represents an increase of 16 percent year- on-year.
According to Yieh Corp, which is affiliated with Taiwan’s biggest privately owned steel group the E-United Group, 2007’s figures were 4.175-million tons up on the 26.161-million tons exported by South Africa in 2006.
The bulk of the imports [...]

Iron Ore Holdings Trading Halted, Pending Company Announcement

March 30th, 2008

The securities of Iron Ore Holdings will be placed in pre-open at the request of the company until the earlier of the commencement of normal trading on Tuesday, 1 April 2008 or when the announcement is released to the market.
Original Announcement: Trading Halt