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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.
African Rainbow Minerals, Allocate R8 Billion Mining Investment In Zimbabwe
African Rainbow Minerals, a mining company based in the South African, mining investment plan worth R8 billion in Zimbabwe. Mining investment in Zimbabwe is a significant investment option because of the growth of the mining sector in Zimbabwe has a bai prospects. Mining investments done because ARM requires exploration of mines platinum, manganese, iron ore, [...]
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 [...]
Wuhan Iron and Steel Sign Agreement With Brazil Iron ore Mine Company Builds Steelworks in Brazil
President Brazil visit to China for the agenda of increasing cooperation of state to growth economics, gets result which are positive. Second cooperation of state which would soon to implementation is cooperation builds steelworks in Brazil.
China steelmaker company, Wuhan Iron and Steel Corp. has signed MoU with iron ore producer Brazil, Brazillian MMX and company [...]
Rio Tinto 15 pct Falls Iron Ore Mine Production, Expect Iron Ore Mine Demand From Chinese Steel Industry
The rising toll of the global slump and downturn in commodities, is hitting Rio Tinto. And, as is usual in the north of Australia during the wet, the weather played its part again. The world’s third biggest miner revealed yesterday in its March quarter production report that first-quarter iron ore output fell 15% after floods [...]
The Biggest Mining Company, BHP Billiton Selling 28% of Iron Ore Mine Production at Forecast Decline in Contract Prices
BHP Billiton Ltd., the world’s largest mining company, sold 28 percent of its iron ore output at cheaper spot prices after customers deferred deliveries ahead of a forecast decline in contract prices.
Brazilian Biggest Mining Company, Vale Launches Construction of Coal Mine Exploration Project in Mozambique
Brazilian mining giant Vale on Friday launched the construction of a $1.3 billion coal project in northern Mozambique, with the capacity to produce 11 million tonnes of coal per year.
Australian Mining Sector Plans To Develop Mine Exploration and Production
Australian miners are famous for outsourcing. It may sound bizarre to some, but a listed mining company doesn’t necessarily need internal expertise in exploration, drilling, metallurgy, construction or mining, due to the wealth of service providers willing to do those tasks.
Rio Tinto Postpone $2.15bn Expansion Brazilian Iron Ore Mine
ining giant Rio Tinto is postponing a $2.15bn (£1.4bn) expansion of its Brazilian iron ore mine as the economic slowdown hits steel production.
