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NMDC Sets Iron Ore Export Rates at Double FY10 Benchmark
India’s largest iron ore producer, NMDC Ltd, has finalised quarterly contracts with Japanese and South Korean steelmakers at prices up to double the 2009/10 benchmark, a top official of the company said on Monday.
The price jumps for the April-to-June quarter are between 93 percent and 100 percent over the 2009/10 benchmark and the actual prices [...]
Australian Gold Output Down 2 percent in March Quarter
Australia’s gold production declined by 2% in the March quarter, to 61 t, compared with the December quarter, but was still 13% higher than the production in the same period last year, independent consultants Surbiton Associates reported.
At current prices, the gold produced in the March quarter was worth around A$2,8-billion, said Surbiton director Dr Sandra [...]
Iron Ore Over Demand from China, Iron Ore Prices May Fall to Below $150 mt
Iron ore prices for immediate delivery may fall to below $150 a metric ton in the second half from about $175 now on rising output of the raw material and concern over demand from China, according to Macquarie Group Ltd.
“In the second half, we may get more supply coming on and demand from steelmakers in [...]
BHP Billiton Hopes Mining Tax Regulation Unaffected Merger Iron Ore Mining Operations in Australia
Executive Director BHP Billiton, Marius Kloppers expects the new policy of Australian government to raise mining taxes not affect merger iron ore mining operation between BHP Billiton and Rio Tinto in Western Australia. Both mining companies are very enthusiastic to pursue the planned joint venture.
“I think Rio and ourselves are very, very committed to the [...]
Steelmakers Worried Iron Ore Prices and Coal Prices Fluctuations
Steelmakers under pressure from the iron ore prices and coal prices increased sharply in the year 2010. The new system a lot of iron ore contract prices affect the stability of prices of iron ore and coking coal price, as raw material in steelmaking.
Last year, the average cost of steel makers’ making of steel, used [...]
Goldman Sachs Settlement of Cases Affecting Gold Price Rise
Some time ago the gold price declined sharply since the case of Goldman Sachs. The gold price almost reached the lowest point of U.S. $ 1.170 / oz. However, gold trading remained above U.S. $ 1.150 / oz at the weekend despite the U.S. dollar strengthened. The cause of the persistence of the price of [...]
Price Brazilian Iron Ore Mining Assets Increased Due to Soaring Prices of Iron Ore
Long before Vale and the world’s other big iron ore miners agreed price rises of 100 per cent or more with their steelmaker customers last month, Brazil’s mining sector had been gearing up to meet rising demand from China and other fast growing markets.
But the price rises and the prospect of a tight market for [...]
Atlas Iron to Begin Iron Ore Mining Project in Western Australia
Australian iron ore miner Atlas Iron Limited (Atlas) announced that it is imminently ready to start mining at its Western Australia-based Wodgina Direct Shipping Ore (DSO) project in the second quarter of 2010 at an initial production rate of two million metric tons per year.
Stating that approximately 90 percent of all construction and civil works [...]
India Steel Companies Raise Steel Prices between Rs 2,500-3000 per tonne
Tata Steel, the world’s No. 8 steelmaker, has raised prices in India by a range of Rs2,500 to 3,000 a tonne
Indian steel makers have raised product prices effective 1 April to factor in rising raw material costs, boosting steel shares on Monday.
State-run Steel Authority of India, world’s No. 8 Tata Steel, India’s No. 3 producer [...]
