Against a backdrop of rising iron ore prices, Brazilian steel producers should maintain high profit margins relative to their global peers during 2008, according to Fitch Ratings. Brazilian steel companies enjoy important competitive advantages, including modern production facilities, close proximity to sources of iron ore and a highly concentrated domestic market, which limits competition based […]
Cia. Vale do Rio Doce, the world’s biggest iron-ore producer, plans to expand output of pellets in Malaysia and China to meet rising demand.
Capacity at a joint-venture plant at Zhuhai in China’s Guangdong province may increase by two million tonnes a year, Jose Carlos Martins, head of Vale’s iron-ore business, said yesterday at a […]
Ukraine raised iron ore exports tentatively 16.5% year-on-year in January-February to 3.611 million tonnes, a source at Ukrrudprom, the association of Ukrainian mining enterprises, told Interfax.
Iron ore concentrate exports nearly doubled to 929,900 tonnes, pellet exports […]
BHP Billiton Ltd, the world’s biggest mining company, said a fire burned for over an hour today at a screening area in the Nelson Point iron ore port in Western Australia.
It is assessing the damage from the fire, Samantha Evans, a BHP spokeswoman, said by telephone from Melbourne. There were no injuries and workers weren’t […]
Junior explorer Strike Resources Ltd says it is in discussions for the possible sale of its iron ore interests in Peru, and in talks with steelmakers for potential supply.
Strike revealed the discussions after the Australian Securities Exchange queried a sharp rise in the company’s share price, when it jumped from $1.495 on February 25, to […]
United Minerals Corporation reported progress on the Kimberley Bauxite project, on which an MOU exists between UMC and the international aluminium producer Norske Hydro. Discussions have proceeded on the final JV documentation over recent months, and Norske Hydro and UMC will meet in early September to address a range of project material including final outstanding […]
China’s key steel industry association July 18 accused the world’s three leading iron ore producers of cutting back on supply to ensure strong prices ahead of next year’s negotiations. Brazil’s Companhia Vale do Rio Doce, Australia’s BHP Billiton and Rio Tinto are “working together” to strengthen their negotiating positions in talks with Chinese steelmakers, the […]
Sphere Investments, an Australian-listed company 18.4 percent owned by Saudi steel firm Hadeed and Qatar Steel, said that it will export seven million tons a year of Mauritania’s high grade direct reduction iron ore pellets from 2010 to the Middle East and North Africa (MENA) region, Gulf News reported.
To establish a long-term presence and tap […]
Jindal Steel and Power has signed a contract with the Bolivian government to develop the El Mutun iron ore mine in the Latin American country, Naveen Jindal, managing director of the company, said here Thursday.
The Jindals are investing $2.1 billion in Bolivia to set up an integrated steel unit, which will have a capacity […]
Anglo-Australian mining group Rio Tinto denied on Wednesday a charge by China’s steel industry association that iron ore producers are cutting back production to boost prices.
China is the world’s biggest consumer of iron ore and faces new price negotiations next year with the “big three” producers — Rio Tinto, Brazil’s Companhia Vale do Rio Doce […]