Brazil's Vale SA is considering raising as much as $10 billion from the sale of up to 3 per cent of future iron ore output to undisclosed Chinese companies, two sources with direct knowledge of the matter said.
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State-run Indian company KIOCL is considering building an iron ore pellet complex in Iran at a cost of about $59 million and is in talks to sell more than 2 million tonnes of the steelmaking raw material to the Gulf country now free from trade s
The second phase of expansion of the Robe River Joint Venture, an iron ore project jointly operated by Nippon Steel & Sumitomo Metal Corp (NSSMC) and Rio Tinto (Australia & UK), in Western Australia has been completed.
Finland-based Outotec, a global leader in minerals and metals processing technology, has won an order from Iran’s Bafgh Mineral Complex Iron and Steel Industry Company (B-Misco) to design and deliver technology and services for an iron ore
Rio Tinto and BHP Billiton are amassing vast copper holdings in a push to capture a greater chunk of the $140 billion world market, apparently aiming to squeeze out high-cost producers just as they did in the global iron ore business.
The price of spot iron ore has sunk to $75.50 per tonne this week, its lowest level since 2009. The scale of the price collapse has been breath-taking.
Iron ore has dropped by over 35 per cent since the start of the year, a signif
Brazilian tycoon Eike Batista will transfer 17.1 million shares, or 10.5 percent, of his iron ore mining company MMX Mineração e Metalicos SA to Abu Dhabi government investment fund Mubadala Development Corp, MMX said in a statemen
Saudi Iron and Steel Co (Hadeed), the metals affiliate of Saudi Basic Industries Corp (Sabic), plans to add 4 million tonnes of annual steel output capacity to reach 10 million tonnes by 2025, an executive said.
Iran is raising its exports of iron ore and iron products to China and India in an attempt to replace at least a small part of the massive revenue that has been lost due to sanctions on its oil sales.
China plans to scrap its decade-old iron ore import licensing system this year, an industry source said on Thursday, a move that may further lift imports in a market that takes two-thirds of the world's international iron ore trade.