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China’s Steel Companies Fear Disastrous Steel Oversupply and Low Demand
China’s steelmakers are facing low demand and potentially disastrous oversupply, supporting their insistence on a 40 percent cut in benchmark iron ore prices.
China Steel Company Talks With Iron Ore Mining Companies (Vale, Rio and BHP) About Iron Ore Price
China’s steelmakers are facing low demand and potentially disastrous oversupply, supporting their insistence on a 40 percent cut in benchmark iron ore prices, an industry group executive said on Tuesday.
Iron Ore Mining Companies Push Increase in Contract Prices
Despite concerns about the length and depth of the global recession, iron ore miners are pushing for as much as a 5% increase in the annual contract price beginning in April, according to people familiar with the negotiations.
Mining Exploration and Commodity Trends in 2009
The year 2008 is coming to an end on a positive note for commodities sector as it continues to outperform equities and other financial investment options. In India, commodities sector led by oil, mining and metals have been found to be the greatest wealth generators beating IT sector and real estate in the game.
Two Biggest Mining Companies After Merge, An Ambition Becomes The Biggest Mine Company In World
Marius Kloppers is determined to win his $127bn battle to merge BHP Billiton and Rio Tinto, but must beat regulatory hurdles – and Rio’s opposition. Ruth Sunderland met a late starter who could become one of the globe’s most powerful men.
Marius Kloppers, chief executive of mining giant BHP Billiton, could be the patron saint of [...]
Chinese Expand Mining Investment in Zimbawe
Chinese investors who were part of a recent visiting delegation are eyeing significant investments within Zimbabwe’s gold and platinum sectors, the Herald Business has gathered.
While no figures could be obtained, this paper understands that the Chinese are admirers of Zimbabwe’s mining industry, and were keen to pour in money.
The 22-member delegation, which consisted of mining, [...]
Sumitomo Metal to boost nickel production by 2013
Major Japanese metals smelter Sumitomo Metal Mining Co. said on Monday it aims to nearly double its nickel output by 2013 to catch up with global majors such as Norilsk , the world’s top producer.
Sumitomo Metal plans to boost output capacity of nickel, a key ingredient in stainless steel, to 100,000 tonnes a year by [...]
BHP’s Kloppers Favored to Replace Goodyear as CEO (Update4)
BHP Billiton Ltd., the world’s largest mining company, may pick Marius Kloppers to replace Chief Executive Officer Charles “Chip” Goodyear, analysts said.
Kloppers, a South African, is president of BHP’s nonferrous metals business, which includes copper, lead, zinc and uranium oxide. The division contributes more than half of Melbourne-based BHP’s earnings.
