Vale sees iron ore in $110-$160 range on China demand

Brazil's Vale, the world's second-largest mining company, said on Thursday it considers the Chinese iron-ore market to be robust and that it will be difficult for the price of the main steelmaking ingredient to fall below $110/t. Demand for...

Indian Ministries tussle over status of coking coal miner

India’s Steel and Coal Ministries were in a tussle over the current structure of Bharat Coking Coal Limited (BCCL) as a wholly owned subsidiary of Coal India Limited (CIL) and the country’s largest and sole coking coal producer. The Steel...

Exploration target balloons at Mt Forrest

Metals Developer IMX Resources has increased the exploration target at its Mt Woods magnetite project to between 1.5-billion and 1.8-billion tons, after the discovery of a new iron-rich magnetite formation at the Axehead and Tomohawk North...

Iron ore at two-week high as Chinese replenish

Iron ore hit its priciest in almost two weeks as some Chinese mills rebuilt stockpiles, although upward momentum could be short-lived as steel producers curb output amid slow demand.     Stockpiles of steel products at big Chinese producers...

Indian companies hunt for iron-ore in Brazil

Stung by the crisis in iron-ore mining at home, the Indian Steel Ministry has initiated bilateral talks with Brazil in an effort to seek ore resources in the Amapá province for Indian companies. Iron-ore miner, NMDC, steel producer Rashtriya...

Opposition surfaces over Chinese investments in Indian pellet plants

A number of domestic steel producers have opposed India’s decision to invite Chinese steel companies to set up iron-ore pelletisation plants in the country. According to officials in India’s Mines Ministry, domestic steel producers have...

India bans iron-ore sales from captive mines

The Indian government has banned, with immediate effect, the domestic sale and export of iron-ore fines from captive mines leased to steel producers. According to a notification to all provincial governments issued by the Mines Ministry, invoking...

LIM cuts capital spend, low prices believed at bottom

Canada’s Labrador Iron Mines (LIM) on Tuesday said it had cut its capital expenditure (capex) budget as a result of iron-ore prices falling sharply during August. LIM said iron-ore spot prices had dropped by more than 20% in the past four weeks...

Queensland projects under strain - QRC

The Queensland Resources Council (QRC) on Thursday warned that higher taxes, unnecessary and poorly designed regulations and falling productivity were placing strain on current and proposed resources projects in the state. Quoting a report by...

India proposed ban on open market fine sales

The Indian government has proposed legislative changes that would effectively impose a ban on the open-market sale of iron-ore by captive mine owners. The move to impose such a ban was aimed at checking the export of iron-ore fines and...

Bureaucratic hurdles slowing down Brazil iron-ore projects

As iron-ore miners continue to expand production in Brazil, Standard and Poor’s (S&P) recently warned of project delays, citing difficulties in obtaining environmental permission, labour constraints and delays in obtaining funding. Brazil had...

IDC sees room for more steel capacity in SA

Despite barriers to entry, the Industrial Development Corporation (IDC) believed that there was still room for additional steel production capacity in South African and that the focus should be on developing low-cost steel production methods and...