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Steel Company Arcelormittal Plans Iron Ore Purchases Increased In 2010
Indian steel maker, ArcelorMittal planning to increase purchases of iron ore in 2010. Increased purchases of iron ore in anticipation of shortage of iron ore that will be used to produce metal, special steel production. ArcelorMittal is also trying to improve its self-sufficiency in coking coal by 20 percent to 25 percent, from 15 percent.
India Mining Industry Will Reach a Total Value of US$45.40Bn
India is home to a myriad of metals and minerals. Globally, the country is the largest producer of sheet mica, the third largest producer of coal, the fourth largest producer of iron ore and the fifth largest producer of bauxite. Besides these natural resources, India also hosts significant reserves of copper, zinc,
gold and about 26 [...]
China Steel Group Reduce 40% Iron Ore Prices
China’s steel group insisted this week with a cut of at least 40% in annual term iron ore prices after a news report said Rio Tinto Ltd is offering a smaller discount before new annual contract negotiation ends, according to reports in the Chinese press.
ABARE Research Reports India Decline Iron Ore Production and Export
Australian Bureau of Agricultural and Resource Economics said in a quarterly commodity research report that India will experience a decline in its market share of global iron ore trading in the next few years.
China Steelmaker Of Problem Supplies Iron Ore Raw Material
Cia. Vale do Rio Doce, the Brazilian iron ore producer that is the world’s biggest, has threatened to withhold supplies if China’s big steelmakers don’t pony up a 12% premium on their annual contract price, which was already 71% higher than 2007’s. The Chinese companies seem to have backslid on a mid-year agreement to pay [...]
swan requires rail to transport produce of iron ore mine
Treasurer Wayne Swan made a hushed visit to the Pilbara yesterday as he prepared to rule on the rail access dispute.
Billionaire Andrew “Twiggy” Forrest is attempting to get access to BHP Billiton and Rio Tinto’s private iron ore railways.
It is understood Mr Swan was scheduled to visit the West Australian iron ore operations of BHP, [...]
Iron Ore Mine Exploration by BHP Billiton in Australian Suspends
Exploration of iron ore mine perforced to be stopped by happened an accident in mine exploration locatio. Iron ore mine project is property of the biggest mining company of world, BHP Billiton. iron ore mine exploration stop will lessen supply and result of iron ore exploration BHP Billiton 14 percent.
Reported at bloomberg online, BHP [...]
CHILE: Aymaras Vow Mining Co. Will Restore Wetland
The Aymara community of Cancosa on the Chilean Altiplano region of Tarapacá, bordering Bolivia, will spare no effort in its struggle to rehabilitate a wetland dried out by the Cerro Colorado Mining Company (CMCC), an affiliate of the Anglo-Australian BHP Billiton company.
Antonio Mamani, a Cancosa leader, utters an involuntary groan at the sight of the [...]
Australian Stocks Decline, Led by BHP Billiton as Metals Slide
Australian stocks fell for a fourth day. BHP Billiton led mining shares lower as metals prices dropped and a measure of commodities reached the lowest in almost two years.
CSL Ltd. led declines among U.S.-linked shares after a report on job and wage growth revived speculation interest rates won’t fall anytime soon in the world’s biggest [...]
