Iron Ore

September 4, 2011

China seeking cheaper iron ore

Fed up with paying high prices for iron ore, China is seeking out new supplies of the crucial steelmaking ingredient. The Australian reports that China is increasing iron ore imports…

September 4, 2011

More Indian iron ore coming to market

The Indian Supreme Court has directed that 1.5 million tonnes of iron ore from existing stock in Karnataka's Bellary, Chitradurga and Tumkur districts be sold every month to ensure adequate…

September 4, 2011

Miners throw down gauntlet on super-profits tax

A Deloitte Access Economics analysis, commissioned by the Minerals Council of Australia and to be released today, estimates the industry's tax burden was about 50 per cent higher than Treasury…

September 2, 2011

Nigeria sees first iron ore output in 2012

Reuters reports Nigeria expects the first significant iron ore production next year from its 3 billion tonne Itakpe iron ore deposits as it looks to reduce its dependence on oil…

September 2, 2011

Peru to present mining royalty bill in two weeks

According to Peru's finance minister, the government plans to send its mining royalty proposal to congress in the next two weeks; if passed, mining royalties would be based on operating…

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