Rio Tinto’s Q2 iron ore shipments miss after May train derailment
The world's largest producer of iron ore shipped 80.3 million tons of the steel-making commodity in the quarter.
In India’s biggest foreign investment deal since 1991, the Indian government has on Monday finally given South Korea’s Posco the green light to build a giant $12 billion steel plant in the country. Posco has said it expects to renew `shortly’ its pact with the Orissa government for building the $12 billion steel plant, even as the firm has assured that no exports of iron ore would be conducted from the site.
