Premium iron ore lump demand takes a hit in China
The company reported production of 366.5 mil metric tons of iron ore in 2017, a 5% year-over-year (Y-o-Y) increase in the production of iron ore fines, mainly driven by the ramp-up of production at the company's S11D mine . However, iron ore sales dipped by 0.7% despite China's enhanced demand for
The weakness in the benchmark was also seen across lower grades with the price for 58% fines sliding 0.6% to $44.06 a tonne. Higher grades bucked the trend with ore with 65% Fe content rising 0.2% to $94.60 a tonne. Vivek Dhar, mining and energy analyst at the Commonwealth Bank, says a greater
It's been a busy few weeks for Australia's mainstay iron ore miners.
Several Chinese steel mills have pared their iron ore stocks amid low profit
The company said last week the spike in iron ore prices, following
Vale has suspended all the activities at the F??brica mine at its Paraopeba
The dam, at the C??rrego do Feij??o iron ore mine in Brumadinho, held back
Crucially, the new project will boost the average iron grade of BHP's Pilbara product from 61 per cent to 62 per cent, lift the lump proportion of its ore mix from about
Iron ore prices look set to fall this year with higher grades likely to hold up better than lower grades, continuing the theme seen in 2017. That's the view of Vivek Dhar, mining and energy analyst at the Commonwealth Bank, who says a greater focus on environmental protection in China will likely keep the
The Supreme Court set deadline to recover penalty against the illegal iron ore mining might have ended last year on December 31, but the order has been able to generate a paltry sum of not more than `500 crore so far. Though
FMG and many other iron ore mining companies such as Mount Gibson
The Perth-based iron ore miner unveiled a 19 cent per share interim
The company reported production of 366.5 mil metric tons of iron ore in 2017, a 5% year-over-year (Y-o-Y) increase in the production of iron ore fines, mainly driven by the ramp-up of production at the company's S11D mine . However, iron ore sales dipped by 0.7% despite China's enhanced demand for
The prices of iron ore fines (Fe 65%) offered from Vyasankere mines fetched bids of around INR 1200/MT to INR 4,140-4,160/MT over the base
2020 PEA Opportunity outlines potential for a copper-iron-gold mine with
2020 PEA Opportunity outlines potential for a copper-iron-gold mine with
Chinese iron ore and steel futures staged a modest reversal on Tuesday,
A majority of the cases relate to smuggling of minor minerals, sources in the mines and geology department revealed, and nearly 70% relate to sand, an official said. "Illegal iron ore mining has reduced considerably, and even though vehicles are seized, the scale at which the mafia operated at its peak was
"Except for coal mining projects, the statutory clearances cannot be automatically transferred to the new land allotees in case of industrial projects.