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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 [...]
Iron Ore Price in China Market Uncertainty
Iron ore price in China market faces an uncertain condition, because the results of negotiations China Iron and Steel Association with iron ore mining company did not give the results of determination of iron ore prices for 2010. China is the biggest consumer of iron ore, as China has a steel plant enough.
Brazil Government Charge of Iron Ore Export Tax to Iron Ore Exporters
Brazilian government plan implementation costs of iron ore export tax to exporters of iron ore. Application of the tax costs aimed at increasing domestic investment, especially domestic steel production increase.
China Import Demand For Iron Ore And Coal Affect Australian Iron Ore And Coal Export
China’s preliminary November trade data are painting a supportive picture for Australian iron ore and coal exports. Iron ore import flows are back to the long-term growth trend, while China’s coal exports were down 30% month on month and are down 47% year on year, with export tonnage being diverted into China’s strengthening domestic market.
Chinese Mining Companes To Promote Clean Coal Technologies
10 Chinese coal producers have joined a UN program to promote the development and deployment of clean coal technologies. The move aims to reduce emissions and environmental pollution. But some analysts believe it will take a while for China to reduce its reliance on coal.
Review And Analysis : Gold Mining Industry Development and Mining Companies Growth In China
Over the last few weeks we’ve been paying more attention to China as it emerges from the East. There are three reasons why China poses such an interesting potential return of value for traders.
A very interesting read is an interview with Jim Rogers about his thoughts on China.
“While he says that China is the only [...]
China Overseas Iron May Meet 20% of Needs by 2015
China may double the proportion of domestic iron-ore demand supplied by Chinese-owned mining assets abroad to about 20 percent in five years as the country’s steelmakers step up acquisitions, Goldman Sachs JBWere Pty’s Paul Gray said.
China Chongqing Iron Eyes Australia Ore Assets
The state-owned parent of Chongqing Iron and Steel Co Ltd, a medium-sized Chinese steelmaker, is in talks to acquire an Australian iron ore project, domestic media reported on Friday. The project had prospect reserves of 3 billion tonnes, the government-run Chongqing Evening News reported, citing company executives, without giving further details.
BHP Billiton Reported: Demand And Delivery Of Coal Mine To China Will Continue
Demand and delivery of coal to China will continue and is likely to experience a significant increase. BHP Billiton reported demand for coking coal continues after delivery of the steel-making raw materials mengalaim increase 30-fold. This year China’s demand for coking coal of about 30 million metric tons, up from 1 million tons last year [...]
