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Iron ore on track to peak, but challenges remainOnce again, it is good times for the iron ore miners: global steel production through February 2017 is up 5.8 per cent over last year; prices remain buoyant; and, counterintuitively, China continues to make progress in reducing iron and steelmak More… |
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Vale seeks up to $10 billion with iron ore streaming dealBrazil'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. Under terms of More… |
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Indian firm mulls new iron ore plants in IranState-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 More… |
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Robe River JV completes iron ore project expansionThe 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. As More… |
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Outotec wins Iran iron ore plant contractFinland-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 More… |
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Rio, BHP repeating iron ore strategy in copperRio 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. More… |
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Iron ore and the dangers of living by the swordThe 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 More… |
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Mubadala to get 10pc of Brazil iron ore minerBrazilian 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 More… |
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Sabic plans to lift steel capacity to 10m tonnesSaudi 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. "Sabic's More… |
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Iran boosts iron exports to China, IndiaIran 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. While Ira More… |
