Former mining tycoon Tinkler sees global players shedding coal assetsFri, 28 Nov 2014 03:24:28 GMT
Nathan Tinkler, the former mining magnate who lost his fortune because of a slump in coal prices, expects global mining companies such as BHP Billiton and Rio Tinto to put their coal assets up for sale. ...
Rio Tinto promises big returns in February despite iron ore routFri, 28 Nov 2014 02:22:53 GMT
Global miner Rio Tinto deferred plans to build a $1 billion mine in Australia, stepping up cost cuts amid a plunge in iron ore prices so it can deliver on a vow to boost returns to shareholders. The move ...
Rio Tinto delays new iron ore mine, promises big returnsThu, 27 Nov 2014 22:57:31 GMT
Global miner Rio Tinto has deferred plans to build a $1 billion iron ore mine in Australia and said that, despite volatile commodity prices, it would be able to sharply step up returns to shareholders. ...
Mongolia approves Guildford Coals capacity expansion projectsThu, 27 Nov 2014 22:18:18 GMT
The Mineral Resource Authority of Mongolia (MRAM) has approved Guildford Coals proposed capacity expansion at the Baruun Noyon Uulcoal (BNU) mine in Noyon Soum of the Umnu Gobi province.
Rio Tinto defers new iron ore mine but sticks to expansion targetThu, 27 Nov 2014 22:15:04 GMT
Rio Tinto has decided to defer plans to build a $1 billion iron ore mine in Australia, but the world's No. 2 iron ore producer said it still expects to reach its expansion target of 350 million tonnes ...
Essar Steel starts up Orissa iron ore pellet plantThu, 27 Nov 2014 21:47:00 GMT
Singapore, 28 November (Argus) - India's Essar Steel has started operations at its 6mn t/yr iron ore pelletisation plant in Orissa's ... largest global pellet producer behind Brazil's Vale and Samarco. Essar uses part of the pellet production for its ...
Iron ore slurry pipeline to cut Essar's pellet output cost by 20% ...Thu, 27 Nov 2014 15:20:21 GMT
Essar Steel, which is operating a six million tonne per annum (mtpa) iron ore pellet making plant in Odisha, said its recently commissioned slurry pipeline is expected to bring down pellet transportation expenses by Rs 1,200 per tonne, which works out ...
Rio Tinto iron ore exports to rise if miner approves new Pilbara ...Thu, 27 Nov 2014 14:06:28 GMT
Rio Tinto's controversial policy of expanding exports in a depressed iron ore market faces a litmus test on Friday, when the miner is expected to approve more than $US1 billion ($1.17 billion) in spending for a new iron ore mine in the Pilbara. Despite ...
Iron-Ore Giant Vale Sees Rebound as Glut Squeezes Mines - BloombergThu, 27 Nov 2014 11:22:51 GMT
Iron-ore prices are poised to rebound from five-year lows as Asian infrastructure demand improves and high-cost mines close, according to the top producer Vale SA. (VALE5). The steelmaking raw material, which slumped 49 percent this year to $68.49 a ...
ITOCHU : Merger of asset related to iron ore mining business in BrazilThu, 27 Nov 2014 06:36:00 GMT
Release date- 26112014 - ITOCHU Corporation agreed to merge asset possessed by iron ore production/sales company; NAMISA and asset related to iron ore mining business such as Casa de Pedra Mine and logistics asset which Brazilian steel mill, Companhia ...
Bearish sentiment still prevails in Chinese iron ore marketThu, 27 Nov 2014 05:16:00 GMT
At the same time, traders' offers of domestic production iron ore in Tangshan and Liaoning Province have continued to indicate a slight downtrend, while transaction activity for domestic iron ore is generally slack. At present, Indian fine ores of ...
Steel giant loses court battle over documents - BDliveThu, 27 Nov 2014 04:10:07 GMT
IN A judgment with wider significance for industrial companies, the Supreme Court of Appeal on Wednesday ordered steel producer ArcelorMittal SA to hand over environmental information to a lobby group. The judgment is a victory for environmental ...
Merger of Itochu asset related to iron ore mining business in BrazilThu, 27 Nov 2014 03:18:00 GMT
NAMISA and asset related to iron ore mining business such as Casa de Pedra Mine and logistics asset (MRS railway company's shares and port facility) which Brazilian steel mill,Companhia Siderurgica Nacional owns. ITOCHU established Brazil Japan Iron Ore ...
ITOCHU Announces Merger of Asset Related to Iron Ore Mining Business ...Thu, 27 Nov 2014 02:59:53 GMT
ITOCHU Corporation has agreed to merge assets possessed by iron ore production company NAMISA, and assets related to iron ore mining business such as Casa de Pedra Mine and logistics assets owned by Brazilian steel mill Companhia Siderurgica Nacional . ITOCHU established Brazil Japan Iron Ore Corporation with Japanese steel mills, and BJIOC forms a consortium with Korean and Taiwanese steel mill to invest in the 40% of NAMISA, where ITOCHU's indirect stake is 21.95%.
Pacific Iron Ore Corporation Announces Release of September 30, 2014 ...Thu, 27 Nov 2014 00:45:45 GMT
Pacific Iron Ore Corporation announces that it has filed its Financial Statements and Management Discussion and Analysis for the three and nine months ended November 30, 2014. These documents are now available ...