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Cerro Grande Mining Corporation closes US$700,000 Private Placement ...
Fri, 24 Oct 2014 22:17:00 +0100
TORONTO, Oct. 24, 2014 /PRNewswire/ - Cerro Grande Mining Corporation (the Company or CEG) (CEG.CAC-CNSX-CEG.O-OTCQX) announces that it closed the private placement of units of the Company (the Placement) and the debt settlement (the Debt Settlement) with two holding companies...

Must-know: Steel Dynamics metals recycling segments 3Q results
Fri, 24 Oct 2014 22:00:16 +0100
recyclingSteel Dynamics metals recycling and ferrous resources segment has be struggling. The segment generated operating losses of $ 0.8 million in the 3Q.

Fitch Publishes Metals & Mining Chartbook
Fri, 24 Oct 2014 19:19:00 +0100
coalFitch Ratings has published the 'Metals & Mining Chartbook' to supplement industry information in rating reports on North American steel, base metals, coal, and gold producers.

MMFX Steel Corporation Hires New Regional Sales Manager In Response ...
Fri, 24 Oct 2014 18:39:00 +0100
MMFX Steel Corporation Hires New Regional Sales Manager in Response to Industry Demand MMFX Steel Corporation ( has appointed Richard St-Martin as its new regional sales manager for Eastern Canada. St-Martin will be responsible for growing ...

Reliance Steel & Aluminum's (RS) CEO David Hannah on Q3 2014 ...
Fri, 24 Oct 2014 12:59:05 +0100
Greetings, and welcome to the Reliance Steel & Aluminum Co.' s Third Quarter 2014 Earnings Conference Call.

Glasenbergs Iron Barbs Losing Sting Amid Coal Expansion
Fri, 24 Oct 2014 08:52:31 +0100
iron oreIvan Glasenberg, the billionaire chief executive officer of Glencore Plc (GLEN) , has argued his two biggest rivals have got it wrong by feeding a global glut of iron ore.

China iron ore concentrates: Downward pressure from steel output ...
Fri, 24 Oct 2014 04:22:00 +0100
china flagPlatts assessment of the domestic price of 66% Fe iron ore concentrate delivered to steel mills in Tangshan city in north China's Hebei province was unchanged Friday at Yuan 750-760/dry mt ($122-124/dmt) on cash terms and including 17% value-added tax.

BHP CEO defends iron ore strategy as best play in gloomy market
Thu, 23 Oct 2014 19:44:12 +0100
pricesBHP Billiton's chief executive said its strategy of high-volume iron ore production was the best way to profit in a gloomy market, defending a plan that has come under growing criticism for depressing prices. Iron ore, the biggest earner for global miner BHP Billiton, has lost about 40 percent of its value this year, reaching five-year lows, as big increases in new supply from top three miners ...

Westmoreland Reports Third Quarter 2014 Results
Thu, 23 Oct 2014 15:09:00 +0100
Westmoreland Coal Company today announced results of the third quarter ended September 30, 2014.

POSCO Q3 profit rebounds 43% on lower raw materials costs
Thu, 23 Oct 2014 08:35:20 +0100
melt shopSouth Korean steelmaker POSCO posted a 43 per cent gain in third-quarter operating profit on Thursday, largely meeting analyst estimates, as lower raw materials costs helped support margins during a period of weak steel prices.

Exclusive: U.S. plans to plug coal royalty loophole padding export ...
Thu, 23 Oct 2014 06:32:32 +0100
WASHINGTON (Reuters) - The U.S. government is drafting rules designed to close an accounting loophole that in recent years has helped coal companies boost export profits and likely cost taxpayers tens of millions of dollars, people familiar with the plan said.

Steel Wheels makes south La. debut at Manship Theatre
Thu, 23 Oct 2014 02:00:00 +0100
Whether pedaling his bike or cruising through genres, cellist Ben Sollee enjoys the ride True BR: Zydeco music brings La. together (Video) How Hendrix pointed a guitarman to music's roots Steel Wheels makes south La. debut at Manship Theatre New Orleans ...

Modi's big bang reforms coming post Diwali
Wed, 22 Oct 2014 20:17:57 +0100
Modi governments economic reform measures leading into Diwali labour, diesel and coal have lifted Indian stock markets by 3% in the last week alone. Now expect the trading New Year that begins Thursday to usher in bigger initiatives.

Global firms may get to mine coal commercially
Wed, 22 Oct 2014 19:47:12 +0100
Foreign companies with units or joint ventures in India may eventually be allowed commercial coal mining in the country that is estimated to contain the worlds fifth-largest coal reserves.

Bolivia's first steelmaker to replace $600 million/year in imports: ...
Wed, 22 Oct 2014 15:11:00 +0100
Transforming our iron ore into steel will prevent the import of finished steel products, saving between $500 million to $600 million per year, plus preventing the exit of US dollars from Bolivia, Morales said Tuesday during a news conference in Cochabamba.

Digging deep: Foreign firms may get to mine coal in India
Wed, 22 Oct 2014 14:42:23 +0100
Foreign companies with units or joint ventures in India may eventually be allowed commercial coal mining in India and dig deep into the mines that that are estimated to contain the worlds fifth largest coal reserves.

Imidro: Chinese Firms Willing To Invest In Iran's Steel Industry
Wed, 22 Oct 2014 05:56:00 +0100
steel industryTEHRAN (FNA)- A team of Chinese investors have voiced their willingness to invest in Iran's steel industry, a senior trade official said Wednesday. We will negotiate with the Chinese next week about Miyaneh steel project (one of the seven steel projects ...

BHP lifts production, shares up
Wed, 22 Oct 2014 02:25:16 +0100
BHP Billiton lifted production nine per cent in the September quarter, with iron ore, petroleum and coal the top performers.

BHP reports copper output decline
Wed, 22 Oct 2014 02:00:00 +0100
The company also produces copper at the Olympic Dam mine in Australia and Pinto Valley in the US. BHP reported quarterly iron ore production of 57.1Mt, up 16.6% from 49Mt a year earlier. Its 50% stake in the Samarco JV with local miner Vale in Brazil ...

BHP driving Australia iron ore unit to record high output
Wed, 22 Oct 2014 00:07:04 +0100
* BHP says Australian iron mines hit quarterly output record SYDNEY, Oct 22 (Reuters) - BHP Billiton Ltd said on Wednesday it was on track to meet its full-year iron ore production guidance after mining a record 62 million tonnes in the September quarter at its Australian operations, 15 percent over the year-ago period. "At Western Australia Iron Ore, we have completed our major supply chain ...

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