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Mining news: IRON OREGlobal steel majors await Indias move on iron ore exportsIn India, there have been numerous representations for moderating the huge outflow of iron ore. G. Chandrashekhar Mumbai, July 4 Steel majors in Asia and elsewhere are anxious about developments in India in relation to iron ore. Steel industry Who will blink first in iron ore price talks deadlockThe stand-off between China’s steel mills and the world’s major iron ore miners continues three days after the June-30 deadline to agree ore prices for the next 12 months. But who will blink first in the ongoing guessing game over how the global economic Iron ore rate cut ‘plan’ in the …Iron ore rate cut ‘plan’ in the bagImported iron ore being unloaded at a dock in Zhejiang province. Zhang Heping China’s steel industry had a new plan for talks with overseas suppliers on iron ore prices, a senior industry official was reported as ArcelorMittal Keen To Cooperate With Chinese Cos On Iron OreBEIJING -(Dow Jones)- ArcelorMittal (MT), the world’s biggest steel producer by output, hopes to cooperate with Chinese steel makers on iron ore exploration and mining, Roland Verstappen, global vice president of the firm, said Saturday. ‘We have iron China steelmakers working on lower ore priceBEIJING, July 4 (Reuters) - China’s steel industry body is still looking for a lower iron ore price in negotiations with key suppliers, the president of Baosteel said on Saturday, adding that the nation’s production was running high in July. Xu Lejiang DJ Cameroon Pres Urges Speedy Energy Plan For Mining IndustriesIn a bid to tackle the bureaucratic red tape hampering a key energy plan to supply power to budding iron ore and bauxite mining firms, Cameroon President Paul Biya urged his new government Friday to come up with a solid energy plan in six months. ‘We China Willing to Accept Less Iron Ore Price CutsCaijing Share But Chinese steelmakers will continue to reject the 33 percent price reduction agreed between global miners and mills in Japan and South Korea. By staff reporters Zhang Boling and Yan Jiangning The semi-official China Iron & Steel BHP offloads Yabulu nickel refineryBHP Billiton appears closer to selling its mothballed Ravensthorpe nickel mine in Western Australia after iron ore billionaire Clive Palmer bought its Yabulu nickel refinery in Queensland and declared an interest in the troubled project. The sale of Baffinland Iron Mines may have to consider other routes to ship ore from its proposed Mary River mine site in Nunavut, due to public concerns presented to environmental assessors earlier this year.The Nunavut Impact Review Board released draft guidelines last week for the environmental impact statement Baffinland will have to submit as part of the regulatory process. Those guidelines have incorporated concerns, raised during the public Cameroon President Urges Speedy Energy Plan For Mining IndustriesYAOUNDE, Cameroon -(Dow Jones)- In a bid to tackle the bureaucratic red tape hampering a key energy plan to supply power to budding iron ore and bauxite mining firms, Cameroon President Paul Biya urged his new government Friday to come up with a solid Brazilian iron-ore exports fell 16 pct in Junefrom a year earlier after steelmakers abroad turned off blast furnaces, cutting demand for the raw material. Iron-ore shipments fell to 21.4Mt last month, from 25.6Mt in June 2008, Brazil?s Trade Ministry said today on its website. Exports were 39% BHP Billiton offloads Yabulu refinery to Clive Palmer for undisclosed sumIron ore giant BHP Billiton Ltd has sold its Yabulu nickel refinery to companies wholly-owned by mining magnate Clive Palmer for an undisclosed sum, with the sale to be finalised by July 31. While the terms of the deal are confidential, BHP will write UPDATE 2-ArcelorMittal suspends Senegal iron ore project* $2.2 billion West African iron ore project shelved * Senegal suspension follows Liberia project delay * Mine, port and railway would have created 10,000 jobs (Adds quote, background) DAKAR, July 3 (Reuters) - World number one steelmaker ArcelorMittal BHP sells mine, Ravensthorpe may be nextBHP Billiton will book heavy writedowns on the sale of its Yabulu nickel refinery in Queensland to iron ore billionaire Clive Palmer, who is eying the mining giant?s other nickel assets including the mothballed Ravensthorpe mine. The refinery near ArcelorMittal suspends Senegal iron ore projectDAKAR, July 3 (Reuters) - World number one steelmaker ArcelorMittal is suspending development of its Faleme iron ore project in Senegal as a result of the global economic downturn, a company source in the West African country said on Friday. ‘We are Who will blink first in iron ore price talksBEIJING, July 3 (Xinhua) — The stand-off between China’s steel mills and the world’s major iron ore miners continues three days after the June-30 deadline to agree ore prices for the next 12 months. But who will blink first in the ongoing guessing game BHP sells Yabulu plant to billionaireBHP Billiton Ltd will book heavy writedowns on the sale of its Yabulu nickel refinery in Queensland to iron ore billionaire Clive Palmer, who is eyeing the mining giant’s other nickel assets including the mothballed Ravensthorpe mine. The refinery near Iron ore stockpiles at major Chinese ports fall to 69.35 mln tons byJuly 3Shanghai. July 3. INTERFAX-CHINA - Iron ore stockpiles at China’s 22 major ports dropped by 0.12 percent from June 26 to 69.35 million tons on July 3, of which there were 15.15 million tons of Indian iron ore stockpiles, down 3.93 percent, according to Palmer eyes BHP’s WA nickel assetsBHP Billiton will book heavy writedowns on the sale of its Yabulu nickel refinery in Queensland to iron ore billionaire Clive Palmer, who is eyeing the mining giant’s other nickel assets including the mothballed Ravensthorpe mine. The refinery near Company Announcement: Board Approves Development of Nullagine Iron Ore ProjectAttached please find a press release on: Australian iron ore (ASX: BCI; ?BCI?) is pleased to announce the successful completion of the Feasibility Study on the Company?s Nullagine Iron Ore Project, located in the Pilbara Region of Western |
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