Rio Tinto awards over $1 billion in Aboriginal joint venture and direct business contracts for Pilbara expansions

More than $1 billion in both Aboriginal joint venture and direct business contracts for Rio Tinto's Pilbara expansion projects have now been awarded over the last two years. The milestone was reached with the announcement of a $55 million earthworks...

Hellenic Shipping News Worldwide | May 24, 2012 | 9:03 pm

Brazil’s Usiminas scales back iron ore mining plans

Brazilian steelmaker Usiminas has cut back on plans to expand its iron ore production, reducing its targeted output by 2015 to 25 million tonnes from 29 million tonnes, the company's vice-president said.

Hellenic Shipping News Worldwide | May 22, 2012 | 11:01 pm

Global, Indian, Spain, Iran refined copper production rises in Q1: WBMS

Global refined copper production rose by 3% year-on-year to 4.95 million tons in the first quarter (Q1) of this year with significant increase in Spain, Iran and India, as per latest data released by World Bureau of Metal Statistics (WBMS).

Hellenic Shipping News Worldwide | May 20, 2012 | 10:33 pm

US coal production falls 8 pct year on year in week ending May 5: EIA

US coal production totaled about 17.9 million st in the week ended Saturday, the Energy Information Administration said. The production estimate, based on railcar loadings, is the same as the previous week's estimate and 8% lower than the estimate for ...

Hellenic Shipping News Worldwide | May 12, 2012 | 11:10 pm

Mongolia could go it alone on giant coal mine-exec

Mongolia might choose to go it alone on the development of the western block of its giant Tavan Tolgoi coal mine after struggling for years to find the right investors, an executive with the state-owned firm in charge of the project said.

Hellenic Shipping News Worldwide | April 24, 2012 | 11:41 pm

Coal seen rebounding as China sets steel output record

Coking coal prices are set to rebound as early as July from four straight quarterly declines as China and India seek raw material overseas to fire new steel production in the world’s fastest-growing major economies.

Hellenic Shipping News Worldwide | April 24, 2012 | 11:41 pm

Essar plans to buy coking coal mines in Africa, Australia

Essar Steel is planning to acquire coking coal mines in Africa or Australia to help the company that has few captive sources of crucial raw materials integrate backward to protect its profit margins.

Hellenic Shipping News Worldwide | April 12, 2012 | 10:53 pm

China’s coal consumption continues to rise

According to the China Electricity Council, China's coal demand will reach 4.3 billion tons by 2015, an increase of 970 million tons compared to the year 2010 and an annual increase of 5.2 percent, Shanghai Securities News reported on Monday.

Hellenic Shipping News Worldwide | February 27, 2012 | 11:04 pm

Russia Cuts 2011 Coking Coal Exports 21 pct as China Demand Drops

Russian exports of steelmaking coal declined 21 percent last year to 14.2 million metric tons because of lower demand from China and periodic halts at some Siberian mines.

Hellenic Shipping News Worldwide | February 16, 2012 | 10:32 pm

Warning on ore cargoes and liquefaction

The Association refers to its previous warnings on the dangers of bulk cargo liquefaction problems, mainly arising from the carriage or mineral ore cargoes. The recent loss of two vessels, one with significant loss of life, once again highlights the concern of the shipping industry to the continued dangers of the liquefaction of mineral ore cargoes shipped in bulk.

Hellenic Shipping News Worldwide | January 30, 2012 | 1:29 pm

Vale’s Mozambican coal operation starts exports but encounters protest

Brazilian major mining group Vale’s Moatize mine in the Tete province of Mozambique produced 620 000 t of coal last year. This was recently revealed by Mozambican Prime Minister Aires Ali. However, only 140 000 t, or about 22.6%, of this coal, was...

Hellenic Shipping News Worldwide | January 21, 2012 | 10:52 pm

Vale’s 350,000 Ton Cargo of Iron Ore to Be Auctioned to the Highest Bidder

Brazilian iron ore producer Vale SA (VALE) will likely wait until the end of the Lunar New Year to sell a massive cargo of iron ore that was delivered into the Chinese port of Dalian via one of its “very large ore carriers” or VLOCs at the end of December, two traders said.

Hellenic Shipping News Worldwide | January 15, 2012 | 11:18 pm

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