IRON AND STEEL

ARM reports 26% drop in FY earnings, confident for year ahead

Monday , 30 Aug 2010
The South African, diversified miner said its numbers were hit by the strong rand and lower metal prices but said it remained confident of strong demand from China, Brazil and India going forward

Another South Australian iron ore project moves forward

Monday , 30 Aug 2010
South Australia's reputation as minerals State on the move gained another notch today when Western Plains came to an agreement with the Government to create an iron ore stockpiling centre in Port Pirie.

China to keep supplied with Indian iron ore despite Karnataka ban

Thursday , 26 Aug 2010
Karnataka state might have banned iron ore exports, but Orissa, Jharkhand and Goa have stepped in to meet the shortfall.

Korea's Posco gets green light for Indian steel mill

Thursday , 26 Aug 2010
South Korean major Posco's plans of teaming up with SAIL to build a $3.3 billion steel mill in Jharkhand is set to move ahead, with the imminent signing of the agreement.

Forrest happy with Fortescue profit but awaits end to political limbo

Thursday , 26 Aug 2010
Fortescue Metals posted a 129% increase in profits but is still on tenterhooks as to whether or not a new mining tax will be implemented in Australia

Zimbabwe invites new takeover bids for state steel producer

Wednesday , 25 Aug 2010
Following rejection of offers from AcelorMittal SA and Jindal Steel, the African country is looking for new bids

A good way into the world's best mining franchise

Tuesday , 24 Aug 2010
Xstrata's canny entry into iron ore is alongside a miner in happy operation for nearly 50 years.

Xstrata to take over Sphere Minerals for $381m

Tuesday , 24 Aug 2010
The agreed acquisition helps move the coal and base metals miner further into the iron ore sector

Somehow, Kumba also mines iron ore

Monday , 23 Aug 2010
After some less-than-favourable remarks by South Africa's minister of mines, one has to ask, is Kumba Iron Ore a victim of its own BEE successes?

Tokyo Steel announces across-the-board price rise

Monday , 23 Aug 2010
The first such increase in four months, the group cited a rebound in steel scrap costs as a reason but added, a steep rise in scrap prices was unlikely after October given the still weak demand

Iron ore price day of reckoning will come.

Monday , 23 Aug 2010
Equity fund adviser says iron ore mining companies should make the most of the boom while they can.

Global steel production jumps 25% in Jan-July period

Friday , 20 Aug 2010
According to the World Steel Association crude steel production during the period rose to 820.965 million tonnes

Rio, BHP still seeking iron ore JV approval - Albanese

Friday , 20 Aug 2010
Rio Tinto CEO , Tom Albanese said the two firms were still seeking approval for the $116bn deal as the technical arguments for it remain strong.

DMR backs ICT in Sishen iron ore mining rights saga

Tuesday , 17 Aug 2010
Kumba loses it appeal to the DMR, now it awaits the ruling of a High Court review of the granting of the rights to Sishen

Baosteel keeps September steel prices stable

Monday , 16 Aug 2010
The decision by the iron and steel company to keep prices stable signals a cautious outlook on demand and price gains since July

BlueScope Steel warns of weak demand, even as profits jump

Monday , 16 Aug 2010
Australia's biggest steel maker said while it has short-term concerns about demand and a stronger Australian dollar, it is planning for significantly improved market conditions in the medium to long term

Simandou port, railway facilities to be built by Chinese firms- Caixin report

Friday , 13 Aug 2010
The Chinese media house reports that two Chinese firms will build transport facilities at the imassive iron ore project in Guinea being operated by Chalco and Rio Tinto

Salzgitter misses profit estimates

Thursday , 12 Aug 2010
Germany's biggest steelmaker did not reach Q2 pretax profit estimates and warned of uncertainty ahead as a result of volatile prices

POSCO plant environmental concerns will be resolved soon - Steel Minister

Wednesday , 11 Aug 2010
India's steel minister has said concerns around the $12bn steel plant should be resolved soon

New twists in iron ore war

Tuesday , 10 Aug 2010
Kumba will continue its monumental legal battles against ICT, ArcelorMittal's new bedmate. ArcelorMittal announces, not just ICT purchase,but BEE deal as well

China iron ore ban hits Sesa Goa

Tuesday , 10 Aug 2010
China's ban on iron ore imports with Fe content less than 60% has hit Sesa Goa, a subsidiary of Vedanta Resources. Will the company take a middle path?

ArcelorMittal SA buys Sishen rights holder, announces BEE deal

Tuesday , 10 Aug 2010
The South African unit of the world's top steel maker announced Tuesday it would buy Imperial Crown Trading for R800m

Jindal to resume El Mutun iron ore project development in 2 months

Monday , 09 Aug 2010
After months of wrangling, Bolivian President Morales gave Jindal a present on Bolivia's Dia de la Patria, 1,500 hectares of long-promised land to develop El Mutun.

Chinese steel executive jailed for leaking commercial secrets

Thursday , 05 Aug 2010
Once touted as the future head of steelmaker, Shougang, A Chinese executive was jailed for leaking commercial secrets to employees of Rio Tinto

Atlas Iron ore open to further acquisitions

Thursday , 05 Aug 2010
The Iron ore miner which has done 39 acquisitions in the past six years says it is still open to acquiring more assets in order to boost production.

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