Poor Funding, Bane of Steel Industry - Leadership NewspapersThu, 24 Apr 2014 02:10:17 +0100
A major challenge to the development of the nation's steel sector is the near neglect of the Ajaokuta Steel Complex and the under utilisation of the nation's National Steel Raw Materials Exploration Agency (NSRMEA) due to poor funding. Ruth Tene Natsa ...
BHP Billiton to expand autonomous truck trial at Western Australian ...Wed, 23 Apr 2014 16:26:19 +0100
Anglo-Australian firm BHP Billiton will expand autonomous truck trial at its Jimblebar iron ore mine in the Pilbara region of Western Australia to neighboring Wheelarra operations this year.
JSW Steel mulls lifting iron ore from Goa for its Dolvi plant - Business ...Wed, 23 Apr 2014 13:12:51 +0100
JSW Steel Limited is mulling over the possibility of using iron ore from Goa for its steel plant at Dolvi in Maharashtra. The company operates a 3.3 million tonne per annum steel plant at Dolvi and requires about 5.5 million tonne iron ore per annum ...
BHP cuts ribbon at its $3.6bn Jimblebar iron ore mine expansion - ...Wed, 23 Apr 2014 12:41:07 +0100
World number one miner BHP Billiton (ASX, NYSE: BHP) officially inaugurated Wednesday its Jimblebar iron ore mine expansion and processing hub in the Pilbara, five months after safety issues at Newman Airport delayed the original scheduled opening ...
Indian court eases ban on iron ore mining in GoaWed, 23 Apr 2014 05:41:29 +0100
The Supreme Court of India has lifted an 18-month ban on iron ore mining in the state of Goa but restricted to an upper limit of 20 million tons a year.
Low-grade Goa iron ore may find less takers - Daily News & AnalysisWed, 23 Apr 2014 05:12:47 +0100
Some experts said Chinese steel mills would avoid importing low-grade ore with Fe content below 46-48%. High silica and alumina content in such iron ore requires steel mills to use excess coal and energy. Goa ore, however, is generally above 50% Fe.
Iron ore mining likely to restart in January in GoaWed, 23 Apr 2014 04:37:32 +0100
Mining in top iron ore-exporting state of Goa is likely to restart in January next year once all companies have obtained environment and forest clearances from the federal government, a state government source said on Tuesday. The Supreme Court lifted a 19-month old ban on mining in Goa on Monday, although it capped annual output in the state at 20 million tonnes. More supply from Goa, which ...
Peru to spend $35m in Madre de Dios region due to illegal miningWed, 23 Apr 2014 00:00:00 +0100
The Peruvian Government, led by President Ollanta Humala, plans to invest $35m in strengthening the development of the Madre de Dios region in the south-eastern part of the country, which has been affected by illegal mining operations.
Mining firms concerned about ending DL 600 tax provision in ChileWed, 23 Apr 2014 00:00:00 +0100
National Chilean private sector mining society Sonami has raised concerns about the government's proposed abolition of DL 600 tax provisions, which it claims could discourage global mining companies from investing in the country.
Mechel may secure funding from China Exim Bank for Elga coal projectWed, 23 Apr 2014 00:00:00 +0100
Mining and metals firm Mechel is anticipated to sign a deal with Export-Import Bank of China (China Exim Bank) to secure financing for the development of its Elga coal project in Russia.
SMU Price Ranges & Indices: Spread Tightens - Steel Market UpdateTue, 22 Apr 2014 22:55:11 +0100
Flat rolled steel prices continue to be firm as supply issues haunt the northern steel mills and lead times remain extended at most mills throughout the eastern United States and Canada. US Steel has issues with receiving raw materials into their Gary ...
Iron ore price slides sharply - The AustralianTue, 22 Apr 2014 22:16:01 +0100
The iron ore price has fallen sharply as Chinese stockpiling and decisions pertaining to iron ore mining in India's Supreme Court stoke fears of another price collapse. Benchmark iron ore for immediate delivery to the port of Tianjin in China was ...
Iron ore price fears raise earnings alert - The AustralianTue, 22 Apr 2014 15:05:07 +0100
FEARS that iron ore prices are set to crumble in response to patchy Chinese economic data and the unfolding 20 per cent annual surge in exports from the Pilbara have re-emerged, forcing investors to place the earnings outlook for leading producers on ...
Iron ore mining likely to restart in January in India's GoaTue, 22 Apr 2014 14:41:06 +0100
* Iron ore production to resume after court ruling * Goa supply to add to global surplus of iron ore (Adds comments from Sesa Sterlite, details) MUMBAI, April 22 (Reuters) - Mining (LSE: MIR.L - news) in India's top iron ore-exporting state of Goa is likely to restart in January next year once all companies have obtained environment and forest clearances from the federal government, a state ...
Czech miner NWR, ministry agree to extend mining at loss-making PaskovTue, 22 Apr 2014 13:35:21 +0100
The Czech industry ministry reached a deal with coal miner New World Resources (NWR) on Tuesday on extending operations at NWR's loss-making Paskov mine until 2017, protecting jobs at a cost to the company, government and company officials said. The hard coal-mining firm has suffered losses due to a sharp fall in global coal prices, and is in talks with bondholders on a capital restructuring. It ...