Quantcast

Latest Iron mining Stories

2008-08-26 03:00:43

In a statement to the Doha Securities Market (DSM), Industries Qatar declared that its wholly owned-Qatar Steel Company has pulled out from Guelb El Aouj project in Mauritania due to strategic reasons. Late last year, Qatar Steel announced that it had acquired 49.9 % interest in the Guelb el Aouj Iron Ore project in Northern Mauritania for US$375 million. The project comprises three adjacent deposits (Centre, East and West) that together represent a combined resource currently estimated at...

2008-08-23 18:00:25

Tokyo, Aug. 23 (Jiji Press)--Major Japanese steelmakers including Nippon Steel Corp. and JFE Steel Corp. are considering joining forces to purchase overseas iron ore mining rights to cope with the raw material's soaring prices, informed sources said Saturday. Also seen to join the move, intended to share massive purchasing costs and secure stable supply of iron ore, are steelmakers Sumitomo Metal Industries Ltd. and Kobe Steel Ltd. and major Japanese trader Itochu Corp. . The Japanese...

2008-08-20 03:00:32

By Anderson, Melissa Although things looked good for the prices of raw materials at the start of 2008, things have changed both rapidly and significantly. The results of a supplier survey conducted in June by IRN Inc. indicated that the recent run-up in raw material prices, particularly for steel, has reached acute levels. Ninety-six percent of the steel users responding to the survey reported that they had experienced material price increases in 2008 that are significant enough to require...

2008-08-19 00:00:25

Research and Markets (http://www.researchandmarkets.com/research/4bcf1d/china_industry_res) has announced the addition of the "China Industry Research and Investment Analysis: Iron Ore Mining Industry, 2008" report to their offering. The unprecedented growth seen in China, India and Russia has created strong demand for iron ore. China itself consumes over 50% of the world's iron ore production. The shortage of iron ore will continue until 2011. With China's ongoing construction of...

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...


Word of the Day
omadhaun
  • A fool; a simpleton: a term of abuse common in Ireland and to a less extent in the Gaelic-speaking parts of Scotland.
This word is partly Irish in origin.