Iron ore mining news

Iron ore over bacon burgers: It's no contest on Wall Street

Thu, 15 May 2008 20:17 GMT

But if you have a stake in an iron ore mine -- or in a shipping company that hauls the stuff to China -- life has never been better. ...

China's Quake Shakes Up Baltic Rates

Thu, 15 May 2008 19:13 GMT

(See " Rising Iron Ore Costs Spell Tough Year For Steelmakers") In February, iron miner Vale reached an agreement with seven steel makers in Japan, ...

Rio Rejects China Claim Supply Contracts Breached, Review Says

Thu, 15 May 2008 18:23 GMT

... by the China Iron & Steel Association that the mining company had breached long-term iron ore supply contracts, the Australian Financial Review said, ...

Aurox Resources Limited (ASX:AXO) Accelerates The Balla Balla ... - ABN Newswire

Thu, 15 May 2008 18:15 GMT

Perth, May 16, 2008 (ABN Newswire) - Pilbara iron ore developer Aurox Resources Limited (ASX: AXO)(PINK: AUOXF) is pleased to announce it is progressing studies into the beneficiation and sales of phosphate from its Balla Balla project. Potential ...

Drop in iron ore exports hits Kakinada

Thu, 15 May 2008 17:04 GMT

BS reported that decline in iron ore exports from the Deep Water Port has hit the cargo handling of Kakinada Sea Ports Limited. ...

Rio Tinto hits back at China in iron ore fight - Financial Times

Thu, 15 May 2008 17:04 GMT

Rio Tinto on Thursday night slammed Chinese steelmakers over increasingly aggressive negotiating tactics, after the China Iron & Steel Association called for its members to boycott the Anglo-Australian mining group’s spot sales of iron ore. The ...

Soaring freight costs add to price of basics - Financial Times

Thu, 15 May 2008 17:04 GMT

Countries that import natural resources, led by China and India, face further inflationary pressures after the cost of shipping basic commodities such as iron ore, coal or grains surged on Thursday to its highest ever level. The Baltic Dry Index of ...

China Calls for Boycott of Rio Tinto - Wall Street Journal

Thu, 15 May 2008 16:28 GMT

The China Iron & Steel Association asked Chinese steel mills and iron-ore traders to boycott Rio Tinto&os;s spot iron-ore sales, as it alleged the company isn&os;t fully meeting its long-term contract supply obligations. "We appeal to domestic mills and ...

China industry group attacks Rio iron ore sales - Daily Times

Thu, 15 May 2008 15:52 GMT

SHANGHAI/SYDNEY: China’s steel mills and trading companies on Thursday were urged to boycott iron ore mined by Rio Tinto Ltd/Plc and sold in spot markets as negotiations drag on over long-term contracts. The China Iron and Steel Association in a ...

Metals group calls for boycott of Rio ore offers - South China Morning Post

Thu, 15 May 2008 14:19 GMT

The China Iron and Steel Association yesterday urged mainland steel mills and ore traders to boycott Rio Tinto&os;s offers on the spot market if the Australian miner continues to fail to fulfil its long-term trade contracts. The association, which ...

Essar may join race for CSN`s ore mines

Thu, 15 May 2008 14:05 GMT

Currently, Namisa's iron ore sales and exports stand at 14 million tonnes and the plan is to take it to 40 million tonnes by 2012. Apart from the mining ...BOM:500630

Essar may join race for CSN`s ore mines - Business Standard

Thu, 15 May 2008 13:00 GMT

After Tata Steel, Essar Steel is likely to join the race for Brazilian miner and steelmaker CSN&os;s Nacionale Minerios (Namisa), a fully integrated iron ore company, Sources close to the development said Goldman Sachs has approached Essar with the ...

Freight index soars to record high - Globe and Mail

Thu, 15 May 2008 12:03 GMT

LONDON — The Baltic Exchange&os;s chief sea freight index for global raw materials trade soared to a record high Thursday on demand for natural resources in China and India, and congestion at key ore and coal export terminals. The London-based index ...

Grand entrance for Australia's richest man

Thu, 15 May 2008 11:17 GMT

The Heng Shan, owned by Chinese steel giant Baosteel, is in Port Hedland to pick up the first shipment of iron ore from Fortescue's Cloud Break mine in the ...

ANALYSIS-Bulk ship market to see roller coaster ride higher

Thu, 15 May 2008 11:16 GMT

A key bullish trigger was news about Australia's Fortescue Metals Group launching iron ore shipments to China from its new mine, but there was also ...

Salzgitter Net Little Changed as Tax Offsets Iron Ore (Update1)

Thu, 15 May 2008 10:53 GMT

Salzgitter agreed to a 70 percent price increase for the 2 million tons of iron ore fines it buys from Brazil's Cia. Vale do Rio Doce, the world's largest ...FRA:SZG - ASX:IOH

Bulk ship market to see roller coaster ride higher - Reuters

Thu, 15 May 2008 10:37 GMT

MONTE CARLO (Reuters) - Freight costs for natural resources could break more records, but the market will be volatile as it grapples with heavy iron ore supplies, congestion at ports and new vessels. The chief Baltic Exchange sea freight index .BADI ...

ANALYSIS-Bulk ship market to see roller coaster ride higher - Forbes

Thu, 15 May 2008 10:09 GMT

MONTE CARLO, May 15 (Reuters) - Freight costs for natural resources could break more records, but the market will be volatile as it grapples with heavy iron ore supplies, congestion at ports and new vessels. The chief Baltic Exchange sea freight ...

Billionaires cheer as Andrew 'Twiggy' Forrest ships his first iron ore

Thu, 15 May 2008 10:06 GMT

CHEERED on by billionaire mates Kerry Stokes and James Packer, Andrew "Twiggy" Forrest has achieved the impossible, breaking open the iron ore stronghold of ...ASX:BHP - RTP

Chinese call for a boycott of Rio

Thu, 15 May 2008 10:04 GMT

In a statement yesterday, the China Iron & Steel Association asked domestic steel mills and iron ore traders to boycott Rio's spot iron ore sales in ...