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Russia’s Steel Companies Hold Negotiations With Iron Ore Mining Companies
On April 1, the start of China’s fiscal year, Russia’s steel producers hold negotiations with iron ore miners to work out the terms of their annual contracts.
China Oil Company, PetroChina Co. Reported First Time Drop Profit Since 2001
PetroChina Co., the world’s second- largest company by market value, posted its first drop in full- year profit since 2001 after refining losses widened fourfold and crude oil prices slumped.
Several Mining Companies Hold Plans New Mines Onstream
The global financial crisis and sharp falls in metals prices have forced several companies to abandon or put on hold their plans to bring new mines onstream.
Mining Companies Optimistic, Mining Production and Industry Growth on Global Financial Crisis
Despite new data that shows just how much the mining industry has suffered as a result of the global financial crisis, the outlook was optimistic as mining companies and industry followers gathered in Toronto for an international convention Monday.
Iron Ore Mining Companies Push Increase in Contract Prices
Despite concerns about the length and depth of the global recession, iron ore miners are pushing for as much as a 5% increase in the annual contract price beginning in April, according to people familiar with the negotiations.
Australia Slashed Forecast for Iron Ore Output
Australia slashed its forecast for iron ore output in the year to next July by more than 15 percent as the global steel market withers, suggesting deeper cuts are in store from miners, but made modest reductions in metallurgical coal and copper production.
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 [...]
Iron Ore Price and Demand Future, Vale Beats BHP, Rio as Top Pick on China Ore Demand
Cia. Vale do Rio Doce fell 27 percent this year in Sao Paulo, heading for the first annual decline since 2000. Now analysts say the world’s largest iron-ore producer is poised for its best performance in a decade.
Vale may double in the next year, more than twice the expected gains for the world’s biggest mining [...]
Condition Of Commerce Of Mining Exploration Sector, Gain Of Massey Merger On US Coal Mine Exploration
Taker over mine company Alpha Natural Resources Inc. by Cleveland-Cliff equal to $10 billion is an the biggest acquisition process in coal industry.
While the worldwide bear market slowed mergers and acquisitions by 35 percent in the first half of the year, takeovers of energy and mining companies jumped 33 percent so far this year as [...]
