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Wuhan Steel Group Seeks More Iron Ore Assets Overseas
Wuhan Iron & Steel Group, China’s third-biggest steelmaker, is seeking to invest in more overseas iron ore assets to cut reliance on expensive imports, General Manager Deng Qilin said.
“We aim to be self-sufficient in iron ore supplies in three to five years and reduce purchases,” Deng, who’s also chairman of the China Iron & Steel [...]
Gujarat NRE Sees Coking Coal Orders at Above $200/T
Metallurgical coke producer Gujarat NRE Coke expects long-term coking coal price contracts to be signed “anytime now” at over USD 200 per tonne, its managing director told Reuters on Tuesday.
Coking coal producers re-negotiate prices every year by January, but a spike in prices this year extended negotiations beyond the customary closure, Managing Director Arun Kumar [...]
Report Mining Production and Sales Price of Mining Group Xstrata Plc
One of the largest mining company in the world, Xstrata reported a variety of mining production is managed by the company and the price of each ingredient mines during the year 2008-2009. Reported mine production comes from the various mining exploration undertaken by the company.
Steelmaker (Arcelormittal) And Mining Company (BHP Billiton) Discuss Joint Management Of Iron Ore Mines
Iron ore mining company BHP Billiton is the world’s largest company and the world’s largest steel maker ArcelorMittal in talks on iron ore mining in Liberia and Guinea.
Steel demand in 2010 is expected to rise sharply, so that the steel manufacturers have competed to supply iron ore to meet the target of steel production during [...]
China Steelmaker Compete For Import Of Coking Coal Next Year
China as a country that has the largest steel manufacturer in the world, probably next year will face competition with Japan and South Korea for coking coal. This year China’s coking coal imports increased 12-fold. Increased coking coal imports due to China’s government policy to close some coal mines that are not considered safe in [...]
Steelmaker Company Against Joint Venture Iron Ore Mine Rio Tinto And BHP Billiton
Steelmaker largest company’s, Tata Steel, Posco and BaoSteel against joint venture from iron ore mining company Rio Tinto and BHP Billiton. Steel manufacturers expect the joint venture of the two iron ore mining companies (Rio and BHP) will allow both companies to control the supply of iron ore and iron ore prices.
World Steel Association, which [...]
Virginia Mining Company To Start Drilling Gold Mine In James Bay, Quebec
Virginia Mining Corp. is a mining company that has spread outside the drilling area in the Quebec region.
In near future Virginia Mining immediately begin drilling a gold mine in James Bay, Quebec. This mining company will drill six holes in a gold mine with an estimated drilling time for six months, the total area of [...]
Gold Producer Riozim Plans Increase Gold Production From 60 Kg To 80 Kg Per Month
Zimbabwean mining company RioZim plans to ramp up gold production to 80 kg a month from the current 60 kg at its Renco mine by the end of the year, the company’s managing director said on Tuesday.
RioZim, previously owned by Rio Tinto , operates Renco gold mine in southern Zimbabwe and is a 22 percent [...]
Arch Coal Completes Acquisition Of Rio Tinto’s Jacobs Ranch Coal Mine Purchase Price $764m
Arch Coal has completed the acquisition of Rio Tinto’s Jacobs Ranch coal mine for a purchase price of approximately $764m, which includes an estimate for working capital adjustments. In 2008, Jacobs Ranch produced 42.1 million tons of sub-bituminous coal for sale to the US power generators.
