IRON AND STEEL

Iron ore cargo ship takes Arctic route, makes history

Monday , 06 Sep 2010
The MV Nordic Barents, carrying iron ore from Norway to China, is taking the northern most route from Europe to Asia, through the melting ice cap, which is expected to cut 5,000 nautical miles off the trip

China Metallurgical Group to develop iron ore mine in W. Australia

Monday , 06 Sep 2010
According to The Australian Financial Review, the miner says, construction on the mine will start in mid-2012 and operations will begin in 2015

18 steel mills in N. China ordered to close for 1 month - report

Monday , 06 Sep 2010
The China Securities Journal reported Monday that mills which do not meet state requirements for enviornmental protection and energy savings have been forced to close

Tata Steel to pump up the volume with Canadian iron ore project

Saturday , 04 Sep 2010
Tata Steel is set to invest in a Canadian firm to ensure raw material security as it builds new plants at Kalinganagar and Chhattisgarh, and plans to expand capacity at Jamshedpur.

SA govt. ties itself in knots over Sishen iron ore debacle

Friday , 03 Sep 2010
Is South Africa's Mines Minister engaging in double speak over Kumba/ICT imbroglio over Sishen iron ore prospecting rights?

Brazil state registers major mineral deposit discovery

Thursday , 02 Sep 2010
The Mato Grosso state government said Wednesday it has discovered an estimated 11.5bn tonnes of iron ore at a 41$ Fe grade

Rio Tinto to spend $1.6bn on new iron ore mine

Monday , 30 Aug 2010
The trans-national miner said it is pushing ahead with expansion plans in iron ore while it awaits competition authority clearance for a JV with BHP Billiton

ARM reports 26% drop in FY earnings, confident for year ahead

Monday , 30 Aug 2010
The South African, diversified miner said its numbers were hit by the strong rand and lower metal prices but said it remained confident of strong demand from China, Brazil and India going forward

Another South Australian iron ore project moves forward

Monday , 30 Aug 2010
South Australia's reputation as minerals State on the move gained another notch today when Western Plains came to an agreement with the Government to create an iron ore stockpiling centre in Port Pirie.

China to keep supplied with Indian iron ore despite Karnataka ban

Thursday , 26 Aug 2010
Karnataka state might have banned iron ore exports, but Orissa, Jharkhand and Goa have stepped in to meet the shortfall.

Korea's Posco gets green light for Indian steel mill

Thursday , 26 Aug 2010
South Korean major Posco's plans of teaming up with SAIL to build a $3.3 billion steel mill in Jharkhand is set to move ahead, with the imminent signing of the agreement.

Forrest happy with Fortescue profit but awaits end to political limbo

Thursday , 26 Aug 2010
Fortescue Metals posted a 129% increase in profits but is still on tenterhooks as to whether or not a new mining tax will be implemented in Australia

Zimbabwe invites new takeover bids for state steel producer

Wednesday , 25 Aug 2010
Following rejection of offers from AcelorMittal SA and Jindal Steel, the African country is looking for new bids

A good way into the world's best mining franchise

Tuesday , 24 Aug 2010
Xstrata's canny entry into iron ore is alongside a miner in happy operation for nearly 50 years.

Xstrata to take over Sphere Minerals for $381m

Tuesday , 24 Aug 2010
The agreed acquisition helps move the coal and base metals miner further into the iron ore sector

Somehow, Kumba also mines iron ore

Monday , 23 Aug 2010
After some less-than-favourable remarks by South Africa's minister of mines, one has to ask, is Kumba Iron Ore a victim of its own BEE successes?

Tokyo Steel announces across-the-board price rise

Monday , 23 Aug 2010
The first such increase in four months, the group cited a rebound in steel scrap costs as a reason but added, a steep rise in scrap prices was unlikely after October given the still weak demand

Iron ore price day of reckoning will come.

Monday , 23 Aug 2010
Equity fund adviser says iron ore mining companies should make the most of the boom while they can.

Global steel production jumps 25% in Jan-July period

Friday , 20 Aug 2010
According to the World Steel Association crude steel production during the period rose to 820.965 million tonnes

Rio, BHP still seeking iron ore JV approval - Albanese

Friday , 20 Aug 2010
Rio Tinto CEO , Tom Albanese said the two firms were still seeking approval for the $116bn deal as the technical arguments for it remain strong.

DMR backs ICT in Sishen iron ore mining rights saga

Tuesday , 17 Aug 2010
Kumba loses it appeal to the DMR, now it awaits the ruling of a High Court review of the granting of the rights to Sishen

Baosteel keeps September steel prices stable

Monday , 16 Aug 2010
The decision by the iron and steel company to keep prices stable signals a cautious outlook on demand and price gains since July

BlueScope Steel warns of weak demand, even as profits jump

Monday , 16 Aug 2010
Australia's biggest steel maker said while it has short-term concerns about demand and a stronger Australian dollar, it is planning for significantly improved market conditions in the medium to long term

Simandou port, railway facilities to be built by Chinese firms- Caixin report

Friday , 13 Aug 2010
The Chinese media house reports that two Chinese firms will build transport facilities at the imassive iron ore project in Guinea being operated by Chalco and Rio Tinto

Salzgitter misses profit estimates

Thursday , 12 Aug 2010
Germany's biggest steelmaker did not reach Q2 pretax profit estimates and warned of uncertainty ahead as a result of volatile prices

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