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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 [...]

India Mining Industry Will Reach a Total Value of US$45.40Bn


India is home to a myriad of metals and minerals. Globally, the country is the largest producer of sheet mica, the third largest producer of coal, the fourth largest producer of iron ore and the fifth largest producer of bauxite. Besides these natural resources, India also hosts significant reserves of copper, zinc,
gold and about 26 [...]

Assosiasi Steel Company Africa Difficulty To Make Decision For Expansion Steel Industry and Steel Company


Last year proved to be a tough one for the stainless steel industry, the Southern Africa Stainless Steel Development Association (Sassda) said on Friday, after figures for 2008 were released.
The data showed that despite a good start to the year, the final few months proved difficult and the industry “took a knock”, Sassda said.

Declines Iron Ore Request, Vale Declines Invesment Of Expansion Of Iron Ore Project


Decline iron ore request by steelmaker company, results iron ore company to reduce invesment to develop project of iron ore.
The biggest iron ore company, Vale cutting of invesment for the price of 37 percent ( $9 billion). Cutting of investment value is caused delay in obtaining permit to expansion of exploration area.

Pakistan Oil and Gas Make Policy To Support Oil and Gas Exploration Companies


The News reported that Exploration and Production companies would be offered USD 4.08 per mmbtu in as per 2009 petroleum policy, which was USD 3.65 per mmbtu in 2007 and USD 2.99 per mmbtu in 2001 petroleum policy.

China Steel Company and Mining Companies Negotiation on Iron Ore Price With World Iron Ore Giants


China is likely to kick off its negotiation with the world’s iron ore giants on iron ore prices after the Spring Festival, Chinese Lunar New Year, according to market guess.

Coal Mine Producer, Peabody Reported Fourth Quarter Earning 2008


Before market opens on Tuesday, one of the world biggest coal producer, announce reported earning for the fourth quarter and full-year 2008.

Mining Exploration and Commodity Trends in 2009


The year 2008 is coming to an end on a positive note for commodities sector as it continues to outperform equities and other financial investment options. In India, commodities sector led by oil, mining and metals have been found to be the greatest wealth generators beating IT sector and real estate in the game.

Australian Mine Workers Lost Jobs as Growth in Mining Booming Resources


Nearly 5000 Australians employed in the mining industry have lost their jobs as growth in the previously booming resources sector grinds to a halt and up to $40 billion worth of new projects are put on the back burner.