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Ferrous Metals
 
IRON-ORE

Indian govt denies request for iron export tax cuts

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The Indian government has turned down submissions from iron-ore miners to reduce export tax, despite a slump in global prices. The government has ruled out reducing the 30% export tax, which had been requested by the Mines Ministry and Federation...
30th September 2014
 
 
IRON-ORE

Centaurus’ Candonga project to generate strong cash flows

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A feasibility study into the Candonga direct shipping ore (DSO) operation, in Brazil, has delivered positive results, ASX-listed Centaurus Metals announced on Tuesday. The study confirmed that the project could deliver some 300 000 t/y of...
30th September 2014
 
 
IRON-ORE

Smacked by Ebola, low prices, West Africa iron mining faces reshape

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Tonkolili Plunging prices and the spread of Ebola are reshaping the iron ore mining sector in West Africa where some companies risk sinking if they cannot find new partners, lenders or owners. West African iron ore miners already are in a critical situation...
30th September 2014
 
 
STEEL

Evraz Highveld announces another new CEO

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JSE-listed Evraz Highveld Steel & Vanadium, which is undergoing an ownership change, confirmed on Monday that Johan Burger had been appointed as its new CEO with effect from October 1, 2014, following on the resignation of Jan Valenta. Valenta was...
29th September 2014
 
 
FINANCIAL RESULTS

IFM returns to profitability

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London-listed International Ferro Metals (IFM) returned to profitability in the financial year ended June 30, as its response to operational and broader market challenges led to better control over costs and optimised prices. The group delivered a...
29th September 2014
 
 
CORPORATE ACTIVITY

London Mining enters negotiations for funding

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London Mining’s efforts to secure a substantial investment have progressed as the Sierra Leone-focused iron-ore explorer enters “detailed negotiations”. The LSE-listed group on Monday said the proposed investment – if successful – would...
29th September 2014
 
 
IRON-ORE

Protests block Brazil Vale iron ore railway for fourth day

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Brazilian miner Vale said the railway used to transport iron-ore to an Atlantic port from its Carajas mine in the Amazon jungle has been shut for four days as a result of a protest on the tracks. Vale said in a statement that the protests are not...
26th September 2014
 
 
IRON-ORE

Vale says strikes lease deal with China Merchants over ore ships

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Brazil's iron-ore miner Vale said on Friday it secured a deal with China Merchants Group to lease for 25 years as many as ten very large ore carriers (VLOC), which will be built by China Merchants, to ship ore from Brazil to mainland China. Vale...
26th September 2014
 
 
 
 
 
 
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