Archive for the ‘Iron ore’ Category
Saturday, November 22nd, 2008
Public sector mining company Orissa Mining (OMC) will shortly slash prices of iron ore by 40 to 50 percent, a top company official said here Thursday.
"We have just fixed our iron ore prices, and the new rates would come into effect in the next three to four days," OMC managing ...
Posted in Exploration, Iron ore, Mining Industry, Mining Technology | No Comments »
Thursday, November 20th, 2008
Research and Markets has announced the addition of the "Mining Industry - Global Strategic Business Report" report to their offering.
The global outlook series on the Mining Industry provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report provides a bird's eye view of the ...
Posted in Coal, Copper, Gold, Iron, Iron ore, Metal, Mining Industry, Mining Investment, Nickel, Silver, Trade & Market, Uranium | No Comments »
Saturday, November 15th, 2008
It is reported that iron ore shipments on the Great Lakes are slowing in response to a downturn in North American steel production.
Shipments in October 2008 fell to 5.66 million net tonnes from 5.72 million tonnes in October 2007, and from 5.77 million tonnes in the October 2008 five year ...
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Saturday, November 15th, 2008
Iron ore exporters have been hit by a cash flow crisis with Chinese importers defaulting on payment obligations.
Besides, Chinese banks are also refusing to honour the letters of credit issued on behalf of the importers. The Vice- Chairman of the Federation of Indian Mineral Industries (Southern Region), Mr Basant Poddar, ...
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Tuesday, November 11th, 2008
THE Chinese slowdown has forced Rio Tinto to slash this year's iron ore production by 20 million tonnes in a move that could wipe billions from its revenues.
The decision leaves BHP Billiton as the world's only major iron ore producer yet to cut output, following last month's decision by Brazil-based ...
Posted in Copper, Exploration, Gold, Iron ore, Mining Contractor, Mining Technology, Zinc | No Comments »
Wednesday, November 5th, 2008
The export of iron ore from Orissa through Paradeep port has dropped to 50 percent in the past two months, port officials said Tuesday.
Every month, at least one million tonnes of iron ore were being exported through the port in Jagatsinghpur district before the economy was hit by a downturn.
‘But ...
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Wednesday, November 5th, 2008
The district administration has been caught on wrong foot, having evaded the process of obtaining 'no objection' from the public before forwarding the applications for granting of mining lease for iron ore in the Kanchamalai hills, to the government.
The Steel Authority of India Ltd (Salem Steel Plant), V K G ...
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Saturday, November 1st, 2008
Vale of Brazil, the world’s largest iron ore producer, on Friday said it would cut production by 30m tonnes a year, equal to more than 10 per cent of its total output in 2007, as a result of the slowdown in the global economy.
The move comes after experts have warned ...
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Friday, October 31st, 2008
Ferrexpo, the Ukrainian iron ore producer, was yesterday forced to scrap expansion plans as the global slowdown continued to inflict damage on the emerging economies of eastern and central Europe.
The London-listed company said its export customers, mainly large steel producers, had deferred orders in the last two weeks. The delaying ...
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Friday, October 31st, 2008
Cotton & Western Mining, Inc. announced today that the majority shareholders and the Board of Directors has finalized reorganization of equity and that the Board of Directors has approved a 6 for 1 stock dividend of the Company's common stock. Each shareholder of record at the close of business on ...
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