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Australian Iron Ore Producer, Atlas Iron Would Sell 70 Percent Stake In Iron Ore Mines Ridley
Steel maker China, India, Korea and Japan are interested in buying stakes iron ore mine owned by Australian iron ore producer, Atlas Iron Ltd. Purchasing stakes iron ore mines in order to anticipate competitive iron ore demand from steel manufacturers of the world.
China’s Steel Production Increases, Demand For Iron Ore Imports Rose 12 Percent
Steel demand from car manufacturers and steel equipment, steel production resulting from China’s steel manufacturers to increase. Increased steel production affect the demand for iron ore imports into China. Increased imports of iron ore in the last month by 12 percent.
Increased demand for iron ore by steel manufacturers to anticipate the increase in iron ore [...]
Spot Iron Ore Sales To China At 9-Mth Low In Aug
Spot iron ore vessel bookings to China in August by the world’s two biggest exporters, Australia and Brazil, fell to a 9-month low, indicating strong demand from the world’s top steel maker may be slowing as steel prices slump.
Gold Prices Increase To in London as China Increase Gold Mine Reserves and Prodution
Gold rose to a three-week high in London, heading for its first weekly gain since March, after a report that China’s reserves of the precious metal increased 76 percent since 2003.
Iron Ore Mine Producer Seek Record Cut In Iron Ore Price
Chinese and Japanese steelmakers have demanded a record 40 per cent cut in iron ore prices in annual benchmark pricing negotiations, but are facing resistance from mining groups.
Global Mining Companies Plans Expansions Iron Ore Mine Output
Global iron ore prices are set to decline sharply in 2009 as demand for the steelmaking ingredient shrinks dramatically as a result of deepening world economic recession.
Australia Mining Companies Expects Increased Iron Ore Mine Demand in 2009
Hopes rose today that the world’s battered mining stocks could enjoy a more prosperous 2009 as shares in several of Australia’s biggest players rocketed.
Chinese Mining Exploration and Industry Future
Chinese industrial companies are being hit hard by the cooling economy and plunging commodities prices, with profit growth slowing sharply this year and more declines expected in 2009.
Boom in US Production Drives Down Natural Gas Prices
Natural gas prices have fallen dramatically this year much like crude prices, but shrinking demand is only one culprit. The other is a gas glut from a boom in U.S. production.
