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Latest Iron mining Stories

2014-08-03 20:20:31

The Steel Index (TSI)-Based Coking Coal Futures and Swaps Launched Today SINGAPORE, Aug. 3, 2014 /PRNewswire/ -- The Singapore Exchange (SGX) is utilizing The Steel Index (TSI)'s daily coking coal price indices published by Platts, a leading global provider of energy, metals and commodities information, as the settlement basis for its metallurgical coal futures and swaps contracts launched today. "The steelmaking industry and the marketplace benefit from more information and we're pleased to...

2014-07-17 08:23:58

GRAND RAPIDS, Minn., July 17, 2014 /PRNewswire/ -- Magnetation LLC (Magnetation) announced today that it has successfully completed a $100 million senior secured notes tack-on offering. The proceeds from the offering will be used to complete its iron ore expansion projects ahead of schedule and finance the increased production capacity of its new iron ore concentrate plant. "We are very pleased with the execution on these projects by our Magnetation team members as well as our...

2014-06-18 12:26:35

GRAND RAPIDS, Minn., June 18, 2014 /PRNewswire/ -- Magnetation celebrated today the arrival of the first of six new unit trains being manufactured specifically to move iron ore concentrate to its pellet plant in Reynolds, Indiana. The concentrate will be loaded at its Jessie Load-Out terminal just east of Grand Rapids before departing for the state-of-the-art pellet plant currently in the final stages of construction in Indiana. To celebrate the shipment, Magnetation is hosting...

2014-06-02 12:24:15

HIBBING, MN, June 2, 2014 /PRNewswire/ - Essar Steel Minnesota LLC ("ESML") categorically denies that Essar Global Fund Limited ("EGFL"), ESML's ultimate shareholder, is considering selling the business, contrary to recent media reports. ESML's President and CEO, Madhu Vuppuluri, commented: "We are very pleased to have closed $450 million of bond financing for ESML in the last few weeks. At this significant milestone we look forward to completing ESML's world class 7 million tonnes...

2014-05-14 20:21:47

HIBBING, MN, May 14, 2014 /PRNewswire/ - Essar Steel Minnesota LLC ("ESML") today announced that it has successfully closed a $450 million 6 year senior secured notes offering. The proceeds of the notes will be deposited into an escrow account, and upon the completion of certain conditions and documentation the proceeds of the notes will be released to ESML. ESML is engaged in the development of a 7 million tonnes per annum ("mtpa") fully-integrated iron ore pellet production...

2014-03-05 12:22:10

SCOTTSDALE, Arizona, March 5, 2014 /PRNewswire/ -- S2C Global Systems, Inc. and its wholly owned subsidiary S2C Global Resources (OTC: STWG) ("the "Company") are pleased to announce that the Company has initiated an exploration program at the San Cristobal Iron Ore Mine in Michoacan, Mexico. This entire program will consist of surveying, approximately 1,000 m of trenching, followed by sampling and assaying. Crews have already been mobilized on site and the survey phase is...

2014-01-23 16:21:36

GRAND RAPIDS, Minn., Jan. 23, 2014 /PRNewswire/ -- Magnetation LLC ("Magnetation") announced that it will hold a conference call on Thursday, February 20, 2014, at 10:00 a.m. Central Time to discuss fourth quarter and full year 2013 financial results. The financial results will be available on https://magnetation.com/financial_reporting/ no later than February 28, 2014. To access the financial results and login information for the conference call, a party must pre-register and...


Word of the Day
mallemaroking
  • Nautical, the visiting and carousing of sailors in the Greenland ships.
This word is apparently from a confusion of two similar Dutch words: 'mallemerok,' a foolish woman, and 'mallemok,' a name for some persons among the crew of a whaling vessel.