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Latest Iron mining Stories

2008-08-05 21:00:17

SALT LAKE CITY, UTAH--(Marketwire - Aug. 5, 2008) - Palladon Ventures Ltd. ("Company") (TSX VENTURE:PLL)(FRANKFURT:PV-1) is pleased to announce that it will hold its Annual General Meeting on Wednesday September 17th 2008, at 9:00 a.m. at the Company's corporate offices in Salt Lake City, Utah. Palladon Iron Corporation ("Palladon Iron") has initiated operations at the Iron Mountain facility in Cedar City, Utah in anticipation of the first shipment of iron ore from the site during the third...

2008-08-05 12:00:40

BEIJING, Aug. 5 /Xinhua-PRNewswire/ -- China Iron & Steel Association said the traditional price mechanism has suffered greatly because of the this year's negotiations. In CISA's mid-year report, it said the 2008 negotiation for price of iron ore ( http://www.tootoo.com/w-Minerals_Metals_Materials/22000000-1-/ ) is facing lots of difficulties and disadvantages, because there are two different prices and two kinds of ocean freights in the iron ore import business, in addition to a great...

2008-08-05 09:01:02

Researched by Industrial Info Resources (Sugar Land, Texas) -- In the first six months of 2008, Japan's steel production was on track to sustain the record production levels produced between March 2007 and March 2008, when it hit 121.5 million tons for a year-over-year increase of 3.2%. Japan's foreign trade statistics show that iron imports in June increased 2.32 million tons to 13.09 million tons, up 21.6% year over year. Iron ore imports represented 1.7% of total imports of goods and...

2008-07-30 18:00:42

Cleveland-Cliffs Inc (NYSE: CLF), which will be renamed Cliffs Natural Resources in conjunction with its planned merger with Alpha Natural Resources, Inc. (NYSE: ANR), today reported financial results for the three- and six-month periods ended June 30, 2008. Consolidated second-quarter revenues increased 84% to a second-quarter record of $1 billion, up from $548 million in the same quarter last year. For the 2008 second quarter, net earnings were up 211% to $270 million, and diluted earnings...

2008-07-30 06:00:43

Researched by Industrial Info Resources (Sugar Land, Texas) -- Brazilian miner Vale (NYSE:RIO) (Rio de Janeiro), the world's largest iron ore producer, is advancing its Serra Sul iron ore project, located about 60 kilometers (km) southwest of the city of Parauapebas, in Brazil's Para State. Serra Sul is expected to be completed by the fourth quarter of 2011, with production starting by early 2012. The planned investment for Serra Sul is $10.1 billion with planned expenses for 2008 of $145...

2008-07-23 12:01:01

By Peter Passi, Duluth News-Tribune, Minn. Jul. 23--Cleveland-Cliffs Inc. announced plans to invest $104 million at United Taconite in Forbes on Tuesday, boosting the plant's production by 13 percent -- or 700,000 tons annually -- and creating 24 jobs. The kicker? Cleveland-Cliffs believes it can cut overall emissions of pollutants while simultaneously increasing its pellet output, thanks in large part to renewable fuels it plans to produce on the Iron Range. The company...

2008-07-22 21:00:30

By Peter Passi, Duluth News-Tribune, Minn. Jul. 22--Cleveland-Cliffs Inc. announced Tuesday plans to invest $104 million at United Taconite in Forbes, boosting the plant's production by 13 percent -- or 700,000 tons annually -- and creating 24 new jobs. The kicker? Cleveland-Cliffs believes it can cut overall emissions of pollutants while simultaneously increasing its pellet output, thanks in large part to renewable fuels it plans to produce on the Iron Range. The company predicts...

2008-07-18 06:00:00

By Dee DePass, Star Tribune, Minneapolis Jul. 18--Ohio-based Cleveland-Cliffs Inc. staked its claim as a natural resources powerhouse this week, with the planned $10 billion purchase of an Appalachian coal giant and the buyout of a Chinese company's minority interest in a taconite plant on Minnesota's Iron Range. Cleveland's two deals come amid a global consolidation in the mining industry that's fueled by demand for steel, particularly from China and India. The deals and the historic surge...

2008-06-26 18:02:45

Iron ore prices double as China's largest steel producer agrees to Rio Tinto price increase. The news followed Dorex Minerals, Inc. (PINKSHEETS: DOXMF) (TSX-V: DOX) iron ore drill results on its Carmelita property in Chile. China's Baosteel agreed to a 96.5% hike in the cost of iron ore from Rio Tinto yesterday, which falls on the heels of a 65% rate hike by Brazil's Vale to other Chinese steel mills. Mining major BHP Billiton has indicated that will drop annually priced iron ore...

2008-06-25 06:03:09

A day after Rio Tinto clinched an agreement to nearly double the price of its iron ore shipments to the biggest steel maker in China, the focus Tuesday was on whether BHP Billiton would be able to negotiate an even higher deal. Iron ore prices have been rising sharply amid strong growth in emerging economies and as investors look to profit from commodity futures as equity markets falter. Steel producers have sought to pass along the higher cost to their customers, adding to inflationary...


Word of the Day
drawcansir
  • A blustering, bullying fellow; a pot-valiant braggart; a bully.
This word is named for Draw-Can-Sir, a character in George Villiers' 17th century play The Rehearsal.
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