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 [...]

CHINA continues to chip away at the Australian iron ore duopoly, with two Chinese steel producers signing separate offtake contracts with the BHP Billiton offshoot and steel manufacturer, OneSteel.
Taking advantage of high steel prices and a reconfigured mill at Whyalla, OneSteel has signed 10-year hematite supply deals with Shanzi Haixin Iron & Steel Group for [...]

Shenhua Energy Co. Ltd. , China’s top producer of coal, sold 18.5 percent more coal in 2006 as power suppliers and steel manufacturers propped up demand for the black hydrocarbon.
Shenhua sold 171.1 million tonnes of coal last year, of which 23.9 million tonnes was exported — a rise of just 2.6 percent.
It produced 12.5 percent [...]

COAL Zimbabwe, a new entrant in the coal mining industry says it has invested US$5,3 million in a mine in Chiredzi and plans to go into power generation in the near future.
The company, which is wholly owned by Steelmakers, a Redcliff-based steel manufacturer, says it ventured into mining in a bid to revive its Masvingo [...]