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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, ...
Posted in Iron ore, Mining Company, Mining Industry, Mining Investment, Trade & Market | No Comments »
Friday, October 17th, 2008
FORTESCUE Metals Group has been forced to renegotiate iron ore delivery contracts with some struggling Chinese customers, as plunging steel prices push higher-cost mills to crisis point.
FMG has locked in shipping freight contracts for a little over half of its customers and has contracted to pass on those costs to ...
Posted in Iron, Metal, Mining Company, Mining Industry, Mining Investment | No Comments »
Saturday, August 30th, 2008
A Danish geologist has been visiting the mining towns of Itogon and Tublay in Benguet since last week to study small-scale mining practices that preserve the residents’ environment and health.
Dr. Peter Appel, senior research scientist of the Geological Survey of Denmark and Greenland, said he wanted to use the local ...
Posted in Exploration, Gold, Mineral, Mining, Mining Contractor, Mining Investment, Mining Technology, Silver | No Comments »
Monday, August 4th, 2008
Nanjing, the provincial capital of Jiangsu Province, serves as a key transportation hub of the East China region, and it is also one of the most important manufacturing bases for different industries in China. The city's manufacturing capacity of electronic and chemical industries both ranked second among China's cities, while ...
Posted in Equipment, Exploration, General News, Mining Contractor, Mining Investment, Mining Technology | No Comments »
Friday, July 25th, 2008
Iron ore giant Cleveland-Cliffs’ merger with coal-rich Alpha Natural Resources is being opposed by Harbinger Capital, Cleveland-Cliffs' largest shareholder with a 16% stake. The Gilbert, Minn., investment house wants the Cleveland-based iron miner to put itself up for sale. The Wall Street Journal says the idea is for Cleveland-Cliffs to ...
Posted in Coal, General News, Iron, Mining, Mining Finance, Mining Investment | No Comments »
