Steel Raw Material News [more headlines]

Rio Tinto faces big new union push at its iron ore mines
Mon, 20 May 2013 01:16:50 +0100
Two powerful Australian unions have joined forces to try to take on Rio Tinto Ltd at its iron ore mines, where workers have not had union representation for around two decades, the two unions said on Monday. ...


China Kingho may spend up to $10-billion in Sierra Leone
Fri, 17 May 2013 19:58:00 +0100
A truck is loaded with iron ore at a port in Nantong, China, May 5, 2013. China Kingho Energy Group, one of China's largest privately-owned energy companies, could spend between $6-billion (U.S.) and $10-billion on infrastructure projects in Sierra Leone over the next five years, with an emphasis on iron ore production. (CHINA ...


LME Steel Billet Shifts Up 2.9%, Iron Ore Prices Steady - MetalMiner
Fri, 17 May 2013 17:50:27 +0100
On Thursday, May 16, the day's biggest mover was the cash price of steel billet, which saw a 2.9 percent increase on the LME to $142.00 per metric ton. Also on the LME, the steel billet 3-month price showed little movement on Thursday, hovering around ...


Two New Steel Firms Start Operations - AllAfrica.com
Fri, 17 May 2013 17:16:00 +0100
A highly placed source at the local steel industry, who spoke to the Business Chronicle, stated that the coming of the two new plants was a welcome news, especially at the time exportation of ferrous scrap metals had been banned, courtesy Legislative ...


CCS 'can compete with other low-carbon generation'
Fri, 17 May 2013 14:07:44 +0100
UK gas and coal power stations equipped with carbon capture, transport and storage have the potential to be cost competitive with other forms of low-carbon power generation.


James River Coal Company Announces Exchange Transactions In Connection ...
Fri, 17 May 2013 13:35:00 +0100
PR Newswire - RICHMOND, Va., May 17, 2013 /PRNewswire/ -- James River Coal Company (NASDAQ: JRCC), today announced that the Company has entered into separate, privately negotiated exchange agreements, under which it ...


Asia Coal-Australian coal prices up slightly for June cargoes
Fri, 17 May 2013 10:51:25 +0100
Australian thermal coal benchmark prices rose 0.5 percent from a week earlier, with supplies for June delivery thin, but the general outlook was bearish. Australia's Newcastle spot index stood at $88.03 ...


Government to step up coal quality checks
Fri, 17 May 2013 10:47:20 +0100
(Refiles to clarify quality controls apply to Indian supplies) By John McGarrity and Malini Menon LONDON/NEW DELHI (Reuters) - India is calling in specialist control monitors to stop poor quality coal ...


Mspl's Vyasanakere Iron Ore Mine Resumes Mining - Hindu ...
Fri, 17 May 2013 10:47:00 +0100
MSPL Ltd's flagship open cast iron ore mine Vyasanakere Iron Ore Mine located near Hospet in Bellary district has resumed mining operations. The company got permission from the Karnataka Government's Director of Mines and Geology. The company's ...


Former BP Chief Emerges as Interim Chairman at Glencore Xstrata - ...
Fri, 17 May 2013 02:19:59 +0100
New York Times - As part of the deal, Xstrata's chief executive, Mick Davis, announced that he was leaving the merged company earlier than had been expected, while a number of his top lieutenants have also departed. Steve Robson, a company director, announced his ...


Magnitude of Glencore Xstrata chairman's coup has few precedents ...
Thu, 16 May 2013 23:09:44 +0100
At the first annual general meeting after Glencore took over Xstrata, more than 80 per cent of the votes cast by shareholders opposed Sir John's re-election as chairman. Considering that Ivan Glasenberg, chief executive and the largest shareholder in ...


Goodwill hunting
Thu, 16 May 2013 22:51:11 +0100
Hewlett-Packards $18 billion write-off in 2012 was a repudiation of a decade of mistakes, including the 2011 takeover of Autonomy, a software firm, but also of Compaq, a rival hardware maker, way back in 2002. Rio Tinto, a mining giant, booked a $14 ...


Glencore Xstrata: former BP boss Tony Hayward made interim chairman ...
Thu, 16 May 2013 21:59:09 +0100
BBC News - Glencore Xstrata shareholders have overwhelmingly voted in favour of Tony Hayward, BP's former chief executive, as interim chairman of the newly merged group. Shareholders opposed the re-election of chairman Sir John Bond at the company's first annual ...


Ex-BP boss Hayward takes Glencore chair after Xstrata clearout - ...
Thu, 16 May 2013 18:15:01 +0100
LONDON/ZUG, Switzerland (Reuters) - A shareholder coup at newly merged commodities group Glencore Xstrata ousted its chairman and all former Xstrata directors on Thursday, replacing him with former BP boss Tony Hayward, excoriated for his role in the ...


LME Steel Billet Cash Price Rises More Than 10% on the Day - MetalMiner
Thu, 16 May 2013 16:32:47 +0100
On Wednesday, May 15, the day's biggest mover was the steel billet cash price, which saw a 10.4 percent increase on the LME to $138.00 per metric ton. The 3-month price of steel billet rose by 3.2 percent on the LME to $160.00 on Wednesday after ...