Research and Markets has announced the addition of the “China Industry Research and Investment Analysis: Iron Ore Mining Industry, 2008” report to their offering.
The unprecedented growth seen in China, India and Russia has created strong demand for iron ore. China itself consumes over 50% of the world’s iron ore production. The shortage of iron ore [...]
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 [...]
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 [...]
Shipments of nickel laterite ore from the southern Philippines to China more than tripled in April from a year earlier as Chinese companies sought alternative supplies.
Exports rose to 492,002 tons from 144,547 tons, according to Bureau of Customs data obtained yesterday. The southern Philippines mines most of the nation’s low-grade ore, which competes with easier-to-process [...]
Profits at CVRD, the world’s largest iron ore miner, soared 28 percent in the fourth quarter amid seemingly insatiable global demand for the raw ingredient used to make steel, the company said Wednesday. The miner’s profits for all of 2006 rose 29 percent compared with the year before.
Companhia Vale do Rio Doce SA earned 3.4 [...]
A group of Chinese importers have agreed to temporarily boycott iron ore from India to protest a near 10-percent price hike from March 1, Chinese state media said Wednesday.
More than 100 domestic importers gathered in an urgent meeting on Tuesday and reached consensus to reject new offers with too high prices, the China Business News [...]
BRUSSELS - Arcelor Mittal, the company formed last year in the largest- ever takeover in the steel industry, said Wednesday that 2006 profit fell 3.5 percent because of higher taxes and it announced plans to hand $2.4 billion to shareholders.
Net income fell to $7.97 billion from $8.26 billion, based on figures calculated as if the [...]
Shanghai copper futures rallied 1.3 percent on Thursday, recovering from early losses on brighter technical prospects for London futures.
The most active March contract gained 700 yuan, or 1.3 percent, to 53,550 yuan ($6,889) a tonne by the close on Thursday.
Spot copper prices in Shanghai were up 125 yuan, quoted between 55,250 yuan and 55,600 yuan.
The board of Taiwan’s China Steel Corp. has approved the A$16.54 million (US$13.02 million) purchase of a 5 percent stake in Australia’s Q Coal Pty Ltd Sonoma coal mine, the Taiwan company said in a statement on Friday.
The investment would go towards development of the privately-held coal mine, said China Steel, the island’s largest steel [...]
Shareholders in Australia’s Excel Coal Ltd. on Wednesday overwhelmingly approved a $1.5 billion takeover by U.S-based Peabody Energy Corp. .
More than 99 percent of Excel shareholders agreed to Peabody’s sweetened A$9.50 per share bid, an Excel spokeswoman said.
Excel’s shares closed 0.3 percent lower at A$9.45, with analysts saying there was little expectation of a rival [...]
