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Iron Ore Prices in China fell to $95 a tonne on Demand Drop
Price of iron ore in China has decreased, Reuters reported sale price of iron ore in China on Monday the price reached $ 95 per ton. This iron ore prices by as much as 17 percent of the annual price had reached $ 115 in early August. Iron ore price decline is expected a decrease [...]
Steel Company Proposes Changes To The System Iron Ore Contract Prices
Tensions that occur between iron ore producers in the world Rio Tinto and Chinese steelmaker to give experience to the company’s iron ore producers and steel companies to set up a system of iron ore sales contracts more transparent.
China Steel Company May Boost Coking Coal Import After International Coal Mine Prices Dropped
China, the world’s largest steelmaking nation, may boost coking coal imports after international prices dropped, a research company said.
Mining Companies Shut Down Iron Ore Mine Production
BHP Billiton Cut Iron Ore Mine Production after Samarco Cut 65% output
Samarco, a 50-50 joint venture between BHP and Brazilian giant Vale, on Saturday revealed it would shut down the oldest two of its three pellet plants until mid-January, “at which time the situation in the markets will be reassessed”.
Arch Coal’s Report Earning Coal Product Increase
Coal-producing Arch Coal Inc. said Monday its third-quarter earnings more than tripled, beating Wall Street’s expectations. But the miner lowered its earnings outlook for the year, citing near-term softening of coal demand.
“Despite a near-term softening of coal demand, we remain on pace to deliver our best financial performance in company history,” said Steven Leer, Arch’s [...]
Pike River Coal Report Mining Exploration Result at West Coast
Pike River Coal said today it has struck coal at its West Coast mine after two years of tunnelling to reach one of the most valuable coal deposits in the country.
Tunnellers cut through the last few metres of an access tunnel stretching nearly 2.3km under the Paparoa Range to intersect with the Brunner seam of [...]
Chile Iron Ore Mine Exploration Company Plans Agreement Sale To China Steelmaker Company
Chilean iron ore firm Sociedad Contractual Minera Hierro Paposo is in talks with potential Chinese buyers, sources familiar with the situation said, and could fetch “hundreds of millions” of dollars.
The owners hope to conclude a sale by the year-end and have approached several Chinese steel firms, one source familiar with the sale said, adding: “It’s [...]
London Mining Interest Purchase Colombian Coal-Mine Exploration and Production
London Mining announces today the purchase of 20% of International Coal Company Ltd. (ICC) for an aggregate consideration of $5m, with first rights of refusal to invest further capital. ICC is a Cayman Islands incorporated company with operations in Colombia, South America. ICC’s strategy is to become a fully integrated developer of coal properties for [...]
Rusian Mining Exploration Company, Russia’s Norilsk Nickel Stretches From Arctic to SA, US to Australia
In July 2007, a Canada-domiciled mining company was acquired by a Russian group for $5,2-billion. That company was LionOre, and it had assets in Southern Africa – an 85% share in Tati Nickel, in Botswana, and a 50% stake in Nkomati Nickel, in South Africa.
LionOre’s buyer was the giant Russian mining and metallurgical group, OJSC [...]
