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
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
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
Vale SA, the world's biggest exporter of iron ore, said that it has been in talks to engage Chinese shipping companies to haul the steelmaking material to China on its…
September 4, 2011
India's biggest iron ore producing state has sought a new tax on mining profits and a higher royalty on steel feedstock, underlining a growing push from provincial governments and the…
September 4, 2011
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 3, 2011
Commodity markets were hit this week by shock news that the United States created no jobs in August, sparking speculation that the world's biggest economy could be heading for a…
September 2, 2011
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
Roughly two-thirds of global nickel production goes to make stainless steel, and China produces and consumes the majority.
September 2, 2011
Rio Tinto plc ( RIO ), one of the world's largest iron ore producers, recently predicted that the world mining industry would need to produce at least another 100 million…
September 2, 2011
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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