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BHP Billiton and JFE Steel Agreement Affect Coking Coal and Iron Ore Prices increases 55 percent
BHP Billiton and JFE Steel have agreed on an annual coking coal prices and iron ore prices, thus affecting coking coal prices reach 55%. Agreements have been made by BHP Billiton and JFE Steel are valid for fifteen months, starting in April and June. Agreements made by the largest mining producers and the largest steel [...]
Cash Prices of Iron Ore Delivered to China Rises
The cash price of iron ore delivered to China, the world’s biggest buyer, rose to the highest in more than a year on demand from the nation’s steelmakers.
The cost of 62 percent iron-content ore delivered to the port of Tianjin increased 1.4 percent to $133.10 a metric tonne on Mar 1, the highest in at [...]
Chinese Return to Market, Iron Ore Spot Prices Up 5 percent
Spot iron ore traded 5 percent higher when Chinese players returned to the market after week-long holidays, market sources said on Tuesday.
Traders reported one Capesize cargo of 62 percent Pilbara iron ore changed hands on Monday at $136 a tonne on a Cost Insurance Freight China basis, while a 50,000-tonne cargo of Indian material grading [...]
Australia-based Mining Company IRL to Develop Biharinath Coal Mine, West Bengal
IRL, Australia-based mining company has signed a letter of intent with Bankura DRI to develop and operate coal mines Biharinath. Contract operation and development of coal mines Biharinath will last for 30 years at a cost of AUD $ 500m investment. Biharinath coal mines located in the Indian state of West Bengal.
Higher Demand For Iron Ore Expected From China, Japan And The EU
Demand for iron ore and coal is expected to grow next year, reflecting higher steel production, pushing Australia’s output close to capacity.
The Australian Bureau of Agricultural & Resource Economics said world trade in iron ore would increase by 8 per cent to 987 million tonnes in 2010, compared with an estimated rise of 2 per [...]
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.
The Future System Of Annual Benchmark Iron Ore Price
Iron ore trade system in 2009, is a bad year. Negotiations between producers and importers of iron ore, iron ore walk a lot. Even end up having to involve the court over the case to deliver information that is confidential.
Iron ore price negotiations went a lot because of iron ore importer, China refuse iron ore [...]
British Mining Company Rio Tinto Reported Iron Ore Production In The Third Quarter Increased 12 Percent
UK’s biggest mining company Rio Tinto reported iron ore production until the third quarter increased 12 percent from last year. Increased production of iron ore produced from the combination of two mining company Rio Tinto. Two mining companies combined yaiut Plc and Rio Tinto Ltd. Rio Tinto.
Spot Iron Ore Sales To China Steady In Early Sept
Spot iron ore vessel bookings to China by the world’s two biggest exporters, Australia and Brazil, remained steady in the first half of September, after sliding to a 9-month low in August.
Vessel bookings from Australia’s main ports, the biggest iron ore seller to China, stood at 18 in the first 15 days of September, little [...]
