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Steel Company Arcelormittal Plans Iron Ore Purchases Increased In 2010
Indian steel maker, ArcelorMittal planning to increase purchases of iron ore in 2010. Increased purchases of iron ore in anticipation of shortage of iron ore that will be used to produce metal, special steel production. ArcelorMittal is also trying to improve its self-sufficiency in coking coal by 20 percent to 25 percent, from 15 percent.
Australian Defence Departement Blocked Chinese Iron Ore Project in Central South Australia
Chinese investment in an Australian iron ore project has been blocked by the Defence Department in a move that has angered the mining industry.
Defence has told mining company Western Plains Resources that it will not agree to Chinese partners investing in its Hawks Nest project 120km south-east of Coober Pedy in central South Australia.
Antioquia Gold Drilling Colombian Assets
Colombia has emerged as a prolific source of new gold deposits during the last several years, and Antioquia Gold Inc. is the latest TSX Venture listed company to begin exploration there. Antioquia controls a 100% interest in 6 mining concessions covering a total of 279 hectares (Guayabito) and a 90% interest in 2 additional [...]
Xstrata Convince Anglo American Shareholders To Join
Xstrata Group, the largest mining company, has made an offer to the mining company Anglo American to join. But this offer was rejected by Anglo American, though some observers mining and banking, providing a very profitable reason for the two companies, in terms of financing the company’s operational efficiency.
BHP Reported The Production Of Iron Ore In The Fourth Quarter Decreased 10 Percent
BHP Billiton is the largest companies based in Melbourne. BHP Billiton is one of the largest mining company producing iron ore after Rio Tinto, Vale. The three companies are companies that supply the world supply of iron ore.
Cliff Resource Report Demand And Iron Ore Production
Cliff Resource is a company that serves a lot of iron ore demand from the steel company. However, because of the global economic crisis, the demand of iron ore to the steel company has decreased. Improvement of business conditions the global economic crisis continues to do so in some countries the production of steel industry [...]
China Steelmaker Opinion About BHP-Rio Iron Ore Joint Venture
Rio Tinto and BHP Billiton’s proposed iron-ore joint venture probably won’t happen until a year from now but the marriage proposal, already under attack by the World Steel Association and Eurofer, the European Union’s steel lobbying group, now is being assailed by China as “monopolistic.”
BHP and Rio Tinto Iron Ore Joint Venture, Positive for Brazilian Mining Company
BHP and Rio Tinto’s $140 billion iron ore joint venture has been good news for Brazilian iron ore giant Vale, according to a senior figure in Brazil’s asset management industry — one of the world’s top 10.
“The fact of the merger will be seen as positive for Vale,” said Itau-Unibanco Asset Management global product specialist [...]
Review Joint Venture Rio Tinto and BHP Billiton – Steel Industry and Iron Ore Prices Future
BHP, which abandoned a hostile takeover bid for Rio last year, may have used its knowledge of the commission’s concerns with that deal to structure the venture to win approval, Lawcock said. This month’s agreement to create the biggest iron ore supplier has already been opposed by steelmakers in China, Europe and Japan, which say [...]
