Underwater rare earths likely a pipe dream

Reuters reported that an underwater bonanza of rare earth deposits discovered by Japanese scientists poses little threat to miners already developing major rare earth projects on solid ground. Analysts said that companies such as Molycorp, Lynas and

Steel Guru | July 11, 2011 | 2:40 pm

TurkPower to acquire majority interest in Kuluncak iron ore mine

TurkPower Corporation announced the purchase of 50.09% working interest in Maksor Madencilik Sanayi Ve Ticaret Anonim Sirketi the 100% private owner of the Kuluncak iron ore project in Turkey.

Steel Guru | July 7, 2011 | 8:37 pm

Burundi plans to develop its nickel production

Reportedly, Burundi, the Central African nation has planned to start nickel production next year after first discovering this stainless steel making ingredient more than 35 years ago. Because of lacking fundamental infrastructure, the country?s nickel

Steel Guru | July 6, 2011 | 12:46 pm

First Point Minerals announces positive metallurgical test results for Decar project

First Point Minerals Corporation announced positive metallurgical results from test work completed by Cliffs Natural Resources Exploration Inc an affiliate of Cliffs Natural Resources Inc CLF +1.35% FR:CLF +6.43% for the Decar nickel project in central

Steel Guru | July 6, 2011 | 12:46 pm

Zambian mines can react to any eventualities – Mines rescue body

A mine rescue agency said that Zambian mines are well equipped and can react to any eventualities. In an apparent reaction to the recent development at Zambia’s sole nickel producer, Albidon mining where a sink hold affected production at the mine for another three weeks.

Steel Guru | July 6, 2011 | 12:46 pm

Cherepovets Steel Mill installs new loading crane at its converter plant

It is reported that Cherepovets Steel Mill, a subsidiary of Russian steelmaker Severstal has started installation of a new loading crane No 8 at its converter plant worth RUB 800 million. The new crane's load-carrying ability is 520 tonnes, 70 tonnes

Steel Guru | July 3, 2011 | 8:00 pm

Evraz Group plans to build new section rolling mill in southern Russia

It is reported that Russian mining and steel producing company Evraz Group is going to build a new section rolling mill in southern Russia. The production capacity of the mill is expected to be 450,000 tonnes of products per year.

Steel Guru | July 3, 2011 | 8:00 pm

CIS originated pig iron to Europe stable

It is reported that pig iron shipped from Commonwealth of the Independent States maintained stable in European market last week. Yet, rumors spreading through the market players warn that the spot market has a possibility of going downward in future.

Steel Guru | July 3, 2011 | 8:00 pm

Talon ups inferred reserves at Brazilian iron ore project

Reuters reported that Talon Metals a Canadian iron ore miner reported a 48% rise in inferred resources at its flagship Trair�o iron project at Par� State in Brazil. The company which operates two iron ore exploration projects in northern Brazil

Steel Guru | July 3, 2011 | 5:24 pm

Indian coke industry hopeful of riding steel boom

IBNS cited Mr Ganesan Natarajan Encore Coke Ltd President as saying that the merchant coke sector in eastern India is hopeful of riding the boom of steel production in the near future. He said steel industries in India are largely dependant upon blast

Steel Guru | July 3, 2011 | 5:24 pm

Continental Coal snares improved bank funding terms for Penumbra Mine development

Continental Coal has received a further offer of financing that could potentially allow the development of the Penumbra Mine to be completed in a more capital efficient manner. The new offer of finance offering more attractive terms for the company has

Steel Guru | July 3, 2011 | 5:24 pm

Australia climate change economist strikes out at coal claims

It is reported that Ms Gillard government climate change adviser Mr Ross Garnaut has defended his attack on the coal sector aggressive opposition to a carbon tax, calling research by the industry to fight the policy as professionally wrong. Professor

Steel Guru | July 3, 2011 | 5:24 pm

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