Lithium Corporation to start lithium mining exploration projects in Nevada Lake Valley. Lithium Corporation is a company responsible for exploration activities and development of lithium mines Lake Valley. The Company continues to search for lithium mine in Nevada. Read More….
Walter Energy Inc. said the opinion of the development of coal demand for steel manufacturers to show signs of reduction. Coal producers hoping to supply hard coking coal as much as 6.4 million in 2009, compared to the year 2008 hard coking coal supply as many as 5.8 million.
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Largest mining company Rio Tinto would predict an increase in iron ore demand from steel makers. Therefore, Rio Tinto will increase iron ore production of 7.5 percent. Rio Tinto iron ore will produce up to 210 million to 215 million metric tons in the second and third quarters. Production of iron ore was sourced from iron ore mining operations in Australia. The estimate assumes seasonal weather won’t disrupt output, it said. Sam Walsh, the iron ore unit chief, previously predicted 200 million tons of production. Read More…
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.
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The state-owned parent of Chongqing Iron and Steel Co Ltd, a medium-sized Chinese steelmaker, is in talks to acquire an Australian iron ore project, domestic media reported on Friday. The project had prospect reserves of 3 billion tonnes, the government-run Chongqing Evening News reported, citing company executives, without giving further details. Read More…
Edaily reported, DJ Korea’s, STX Pan Ocean signed a cooperation contract with the mining and metals company Vale SA for the delivery of iron ore valued at $ 5 billion. STX Pan Ocean will send 12 million tons of iron ore per year to 13 million metric tons of iron ore. Contract iron ore shipping cooperation will be signed that will last for 25 years.
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Spot iron ore vessel bookings to China by the world’s two biggest exporters, Australia and Brazil, remained steady in the first half of September, after sliding to a 9-month low in August.
Vessel bookings from Australia’s main ports, the biggest iron ore seller to China, stood at 18 in the first 15 days of September, little changed from 15 in the same period a month ago, according to data specialist AXSMarine. Read More…
Detention cases negotiator Rio Tinto mining company by China, is a factor which stop the process of iron ore price negotiations between Rio Tinto and China steel mill. Rio Tinto reported having stopped the talks with China on steel factory iron ore prices.
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Rio Tinto Group, the world’s third- largest mining company, said it is still selling iron ore to China at a provisional price as benchmark negotiations with the Asian nation remain stalled.
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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 in demand from China steel mill company. Decrease in China’s iron ore demand, because of the government’s plan would reduce China’s import of iron ore, steel mill that the company began to reduce the iron ore shipment.
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