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IRON-ORE

Vale tells analysts to end fixation on China, iron-ore price

Analysts following Brazil's Vale should stop obsessing over iron-ore prices and Chinese demand to focus instead on the company's other divisions and cost cuts, one of the miner's top executives said on Thursday. Jose Carlos Martins, head of...
1st August 2014
 
IRON-ORE

Brazil's Vale profit falls; prices undermine record output

Brazilian miner Vale posted a sharp decline in profit from the previous quarter as lower iron-ore prices undermined record production of the steel-making ingredient. Vale, the world's largest producer of iron ore, reported second-quarter net...
1st August 2014
 
COAL

Alpha Natural Resources to lay off 1 100 workers at 11 mines

In dealing with continued weak coal markets and blaming increasingly strict government regulations, US coal producer Alpha Natural Resources said eight of its affiliates had late on Thursday afternoon given about 1 100 employees, working at 11...
1st August 2014
 
FERROUS METALS

Iron-ore price slide to continue to 2017 – Wood Mackenzie

IRON POTENTIAL
Wood Mackenzie forecasts significant growth for Australian and South American iron-ore production
The iron-ore price dropped to below $100/t last month, and international research firm Wood Mackenzie forecasts that the price will continue to drop to below $90/t in real terms until 2017, before some light is expected to appear at the end of the...
1st August 2014
 
ENERGY MINERALS

Mozambique coal projects set to change hands while Maputo ponders aid to sector

It has been reported from New Delhi that India’s International Coal Ventures Private Limited (ICVL) was set to buy 65% of the Benga coal operation in the Tete province of Mozambique as well as two other coal projects – Tete East and Zambeze...
1st August 2014
 
Company Announcement

Terex® Finlay introduce NEW 883+ Tracked Mobile Heavy Duty Screener PDF Available

The NEW Terex® Finlay 883+ is designed to work after a primary crusher or on its own as frontline screening machine. This highly versatile and adaptable machine is suitable for working in quarrying, mining, construction and demolition debris,...
31st July 2014
 
Breaking News

Creamer Media publishes Real Economy Insight: Iron-Ore 2014 research report

This three-page brief covers key developments in the iron-ore sector over the past 12 months, including the iron-ore market globally and in South Africa, as well as prospects for the sector.
30th July 2014
 
IRON-ORE

Alderon clinches offtake accord with Glencore

Canadian project developer Alderon Iron Ore has clinched an offtake deal with global miner and commodities purveyor Glencore for the balance of iron-ore output from the Kami project, in western Labrador, that had not been allocated to offtake...
29th July 2014
 
Company Announcement

Terex® Finlay introduce NEW 883+ Tracked Mobile Heavy Duty Screener PDF Available

The NEW Terex® Finlay 883+ is designed to work after a primary crusher or on its own as frontline screening machine. This highly versatile and adaptable machine is suitable for working in quarrying, mining, construction and demolition debris,...
29th July 2014
 
COAL

India’s Coal Ministry to overhaul coal block auction policy

India’s Coal Ministry is working to overhaul the coal block auction policy to overcome a lack of interest from prospective bidders. According to an official involved in the rejig, one of the proposals tabled was securing all mandatory approvals...
29th July 2014
 
Breaking News

Creamer Media publishes Real Economy Insight: Gold 2014 research report

This four-page brief covers key developments in the gold industry over the past 12 months. The report provides an overview of the global and South African gold markets, including perceptions of the gold industry in South Africa, industrial...
29th July 2014
 
IRON-ORE

Push to flood iron-ore market crushes smaller suppliers

A faster-than-expected increase in iron-ore production by the world's biggest miners in Australia and Brazil this year is pushing less efficient smaller suppliers of the steel-making raw material to the edge. From Europe to Australia to the...
29th July 2014
 
 
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