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 […]
Alliances with Chinese steel makers will be the key to determining whether iron ore explorers become producers and exporters, says Australasian Resources Ltd managing director Andrew Caruso.
Mr Caruso was responding to comments by Rio Tinto Iron Ore chief executive Sam Walsh that only a handful of the 90 or so iron ore juniors on the […]
The two global steel giants that snapped up Canada’s two largest steel makers are battling in court over a soured deal involving a jointly owned iron ore mine in Labrador.
ArcelorMittal Dofasco Inc. is suing U.S. Steel Canada Inc. (the former Stelco Inc.) and mining company Cleveland-Cliffs Inc. after ArcelorMittal’s an agreement to buy out its […]
South Africa exported 30.336-million tons of iron ore in 2007, which represents an increase of 16 percent year- on-year.
According to Yieh Corp, which is affiliated with Taiwan’s biggest privately owned steel group the E-United Group, 2007’s figures were 4.175-million tons up on the 26.161-million tons exported by South Africa in 2006.
The bulk of the imports […]
The securities of Iron Ore Holdings will be placed in pre-open at the request of the company until the earlier of the commencement of normal trading on Tuesday, 1 April 2008 or when the announcement is released to the market.
Original Announcement: Trading Halt
Atlas Iron reported on continued exploration success from its tenements, located between 75 and 150km from Port Hedland in the Pilbara of WA. Recent geological mapping and surface sampling has highlighted exploration targets with combined potential for 120 to 180Mt of iron ore grading 57 to 60% Fe. The prospects discovered have subsequently been ranked […]
Monday, the media reported that the Indian Government-owned National Mineral Development Corporation Ltd., or NMDC, the largest iron ore producer and exporter in India, is negotiating with Canadian-based New Millennium Capital Corp., or NML, to develop one of the world’s largest underdeveloped low-grade magnetite iron-ore deposits project, valued at $3.5 billion or Rs.14,000-crores.
Besides developing the […]
Vale , the world’s largest iron ore miner, said on Tuesday that talks aimed at buying Swiss rival Xstrata had failed and that Vale would look at other potential takeover targets.
“Given that an agreement was not reached, discussions between the parties have been discontinued,” Vale said in a statement to the local market regulator. Vale […]
Aricom Plc expects to significantly expand its iron ore reserves in the Russian Far East after paying $80 million to acquire two mining licences adjoining existing projects, the company said on Tuesday.
London-listed Aricom, which launched its first Russian mine last year, will pay a total $45 million in cash and $35 million in shares for […]
Wits Basin Precious Minerals Inc. has recently amended its purchase agreement for the Ma Anshan iron ore property in the People’s Republic of China to include a production incentive to deliver one million tonnes of iron ore concentrate by December 31, 2010.
“Obtaining this tonnage incentive was critical for our lenders and our shareholders,” stated […]