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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.
Taiyuan Iron and Steel Producer May To Invest in Iron Ore Project in Australia
Taiyuan Iron & Steel Group, China’s biggest stainless-steel producer, is looking to invest in iron ore and nickel resources in Australia and other countries, Chairman Li Xiaobo said.
“We are chasing some iron ore projects as well as nickel,” Li said in an interview in Shanghai, declining to give details. “So far we haven’t settled on [...]
China Railway Agree To Buy Two Australian Iron Ore Explorers
China Railway Materials Commercial Corp. agreed to pay A$39.8 million ($34 million) to buy stakes in two Australian iron ore explorers to secure supplies.
China Steelmaker Company Anticipates Result Of Iron Ore Prices Negotiation
Chinese steel manufacturers say they would rather cut their production than cave in on their iron ore price cut demands.
The secretary general of the China Iron and Steel Association said domestic steel manufacturers are anticipating a breakdown in iron ore contract negotiations.
Chinese Companies To Increase Stake in Australian Mining Asset
As the debate over Defence Minister Joel Fitzgibbon’s Chinese associate continues, the Foreign Investment Review Board is poring over applications by Chinese-state owned companies to increase their stakes in the Australia’s mining assets.
FIRB Decided To Extend Review China Mining Company, China Minmetalss To Acquire OZ Minerals
The Australian Foreign Investment Review Board (FIRB) has decided to extend its review of China Minmetals’ $1.8-billion offer to acquire OZ Minerals, the world’s second-biggest zinc miner, by 90 days, ie, till 22 June.
Australian Iron Ore Exporter, Fortescue Metal Held Talks With China Investment
Fortescue Metals Group Ltd., Australia’s third-largest iron ore exporter, has held investment talks with China Investment Corp. and Anglo- American Plc. The stock rose 12 percent.
China Cut Demand Prices Brazilian and Australian Iron Ore Shipment
China’s steel producers will demand price cuts of around 40% for Brazilian and Australian iron ore to be delivered starting April, according to a Chinese newspaper report, but analysts doubt prices will drop that much.
Australian Mining Company, Fortescue Metals deal with Chinese Steelmaker to Develop Iron Ore Mines
Australia’s third-largest iron ore supplier, Fortescue metals Group Ltd., has inked a deal with Chinese steelmaker Hunan Valin Steel Co. to develop iron ore mines and to process ores in Changsha, Hunan province, Xinhua News Agency reported Thursday.
Xinhua didn’t specify the expected volume or the value of the deal.
