Iron Investing News
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China To Plough Investments Into Iron
China is set to accelerate investment in iron ore projects in Australia, the world's biggest exporter, after the collapse of its deal to buy stakes in mines owned by the Rio Tinto Group. Australia has A$26 billion (US$ 21 billion) of proposed new iron ore mines, according to government estimates. Aurox Resources Ltd., Grange Resources Ltd. and Atlas Iron Ltd. may attract increased investment from China, say analysts.
Chinese Mills Turn On the Heat
Wednesday, May 27, 2009
The heat is on. Australian miner Fortescue Metals Group (FMG.AX) said on Thursday that Chinese steel mills are unlikely to get a better deal for iron ore purchases than the 33 per cent reduction agreed by Japanese and South Korean rivals. Fortescue, Australia's third-largest iron ore miner, said the only real choice for Chinese mills was to either accept the 33 per cent cut or take their chances on the volatile spot market.
Australian Govt. Backing Supports Iron
Wednesday, May 13, 2009
Shares in WA's mid-west iron ore miners and explorers lifted after the Federal Government committed $339 million towards the $4 billion Oakajee port. The government matched funding offered by the WA state government in its 2009/10 federal budget, bringing the total government commitment to $678 million.
Iron Market: Heading For A Glut?
Wednesday, April 15, 2009
The alarm bells have started ringing. On the sidelines of a mining conference, Rio Tinto said iron ore prices are certain to fall in 2009, the first decline in seven years, but not by the 50 per cent suggested by some steel makers. On the spot market, iron ore sells for around $60 a tonne, about $30 under the prevailing term price.
India’s Iron Ore Steady, Braces for Export Tax Hike
Fri, Jul 3, 2009
India’s iron ore prices were steady on Friday compared with the previous day, on strong Chinese inquiries but trading was limited by a port strike and a looming tax hike in the upcoming budget. Rakesh Jain, export manager of Steer Overseas Pvt Ltd in Bhubaneswar in eastern India, stated: We have not booked any orders in the [...]
Nippon Yusen has expected Iron Ore demand to help earnings
Fri, Jul 3, 2009
Nippon Yusen K.K, the world’s second- leading ship operator, predicted profit at its capesize division for shipping iron ore will be higher than originally forecast this fiscal year on demand for the steel ingredient from China. For full story, click here
Cliffs Natural Resource has deferred Iron Ore Sale
Fri, Jul 3, 2009
Mining company Cliffs Natural Resources Inc. declared that at a customer’s request, it expects to defer about one million tons of iron ore pellet sales to the first quarter of 2010. For full story, click here
Arcelor Mittal has suspended Senegal Iron Ore Project
Fri, Jul 3, 2009
World number one steelmaker ArcelorMittal is suspending development of its Faleme iron ore project in Senegal as a result of the global economic slump. For full story, click here
Baoshan Iron and Steel will sell CNY5 bln 3 year notes
Fri, Jun 26, 2009
Baoshan Iron & Steel Co. declared that it plans to sell $731.7 million worth of three-year notes on the interbank market Tuesday. For full story, click here
Vale has agreed pallet price cut of 48% with Nu-Iron Unlimited
Fri, Jun 26, 2009
Vale has agreed with Nu-Iron Unlimited, a unit of U.S.-based Nucor, a reduction of 48.3 percent in the price of iron pellets for 2009. For full story, click here
Brumby Resources declared updates on Pardoo East Iron Ore Project
Thu, Jun 25, 2009
Brumby Resources Limited declared that initial first pass drilling has commenced at it’s DSO iron ore exploration targets on its 100% owned Pardoo East Project in the Pilbara region of Western Australia. For full story, click here
- Improving sentiments help iron prices
- Uptick From China Bolsters Hope for Iron
- “Buy American”, a NAFTA violation?
- Iron price set to find its equilibrium
- Rio Tinto Deal with Chinalco in Australian Hands
- Baltic dry index: Iron market revival
- Iron Ore Prices To Linger Low
- Iron Price Faces Volatility
- BHP’s takeover of Rio dies
- Iron Market: Heading For A Glut?
- Tata Steel eyes iron ore mines in Laos (3)
- Say Goodbye to the Benchmark System (2)
- Iron price (2)
- Iron Ore Prices To Linger Low (2)
- Chinese Economy: Post-Olympic recovery (1)
- BHP restarting Yandi iron ore mine (1)
- Iron’s Outlook Remains Strong Globally (1)
- Dorex Minerals Inc.: Aggressive Exploration and Development (1)
- China's iron ore port to raise handling fees (1)
- Rio May Elude BHP’s Grasp (1)
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Asides 
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Thursday, June 11, 2009
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