Iron ore

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Incoming BHP Group Chief Executive Mike Henry said the world’s biggest miner is prioritising new developments in technology to cut costs and improve safety, including collaborations with tech start-ups and researchers.
News ID: 7638    Publish Date : 2019/11/27

Rio Tinto Group lifted its spending on new iron ore projects in Australia to more than $4 billion with the approval of a replacement mine at a key hub, providing a further sign of the industry’s confidence in demand led by China.
News ID: 7633    Publish Date : 2019/11/30

A Brazilian mining joint venture between Vale SA and BHP Group Plc, paralyzed after a fatal dam collapse, is soon expected to resume talks to restructure $4 billion in defaulted debt in coming weeks, two sources with knowledge of the matter said.
News ID: 7629    Publish Date : 2019/11/06

A federal court in Brazil said it could annul Vale SA’s acquisition of midsize iron ore miner Ferrous Resources until certain environmental compliance documents have been provided, giving the company 30 days to do so, according to a decision seen by Reuters on Wednesday.
News ID: 7610    Publish Date : 2019/11/06

Brazilian iron ore miner Vale on Monday said it now expects sales of iron ore and pellets of between 307 million and 312 million tonnes in 2019, implying at least a 14.7% decline from a year earlier as it grapples with the aftermath of a deadly dam burst.
News ID: 7604    Publish Date : 2019/11/11

Global iron ore production will grow modestly over the years due to mine expansions in Brazil and increasing output from India, according to Fitch Solutions’ latest industry trend analysis.
News ID: 7602    Publish Date : 2019/11/11

The JSW group has commissioned a 18mn t/yr iron ore terminal at the state-run Paradip port in the eastern Indian state of Odisha.
News ID: 7586    Publish Date : 2019/11/28

Australian iron ore producer Fortescue Metals has widened the discount for its 56.5pc Fe SSF fines for December, as higher profit margins shift steel mills' appetite to higher grade ores.
News ID: 7554    Publish Date : 2019/11/25

Seaborne floating premiums for PB fines have halved since early October, pressured lower by weakness in China's portside markets.
News ID: 7461    Publish Date : 2019/11/14

Indian steel market observed surge in price range in week 45 (2-9th Nov'19) amid improved trade volumes, as stated by market participants.
News ID: 7416    Publish Date : 2019/11/09

According to General Administration of Customs, China - the world's largest iron ore consumer and importer recorded iron ore and pellet imports at 92.86 MnT in Oct’19. The imports witnessed 7% fall on monthly basis compared to 99.36 MnT in Sep’19. The decline in imports is attributed to falling demand amid increased production curbs and shrinking steel margins.
News ID: 7415    Publish Date : 2019/11/08

The Andhra Pradesh government and state owned mining major NMDC will soon sign an MoU for supply of iron ore, a critical raw material, for the proposed Kadapa steel plant plant, foundation for which is planned to be laid next month.
News ID: 7410    Publish Date : 2019/11/08

Brazilian iron ore producer Vale has revised lower its shipment forecasts for this year, indicating tighter supplies for the rest of 2019 that may support seaborne prices.
News ID: 7383    Publish Date : 2019/11/12

World’s largest iron ore miner- Vale informed yesterday through its press release that miner has got necessary authorization from the National Mining Agency to resume the operations of the Alegria Mine operation that has been halted since Mar'19.
News ID: 7377    Publish Date : 2019/11/02

SteelMint in conversation with market participants learned that bids for Indian low-grade fines from China have come down this week following the decline in global iron ore price. Low-grade fines (Fe 57/58) assessment of SteelMint moved down to around USD 53-55/MT CFR China, as against the last assessment at USD 55-57/MT, CFR China.
News ID: 7376    Publish Date : 2019/11/02

World's second-largest exporter of iron ore - Brazil has recorded an increase in iron ore export volumes to 31.2 MnT in Oct'19, as compared to Sept'19 which was at 27.14 MnT, according to trade statistics released by Brazil customs. On yearly basis, exports dropped 16% as against 37.2 MnT in Oct'18.
News ID: 7375    Publish Date : 2019/11/02

Indian iron ore exports have recorded sharp increase in Oct’19. The exports were witnessed at 1.74 MnT, up 53% M-o-M as against Sep’19 exports at 1.14 MnT. On yearly basis, the exports have depicted a significant rise as compared to Oct’18 at 0.42 MnT.
News ID: 7342    Publish Date : 2019/11/04

NMDC (Chhattisgarh) supplied total 303 rakes (1.16 MnT) of iron ore in the month of Oct’19, up 59% against 190 rakes (0.73 MnT) a month before in Sept’19, according to railway movement data maintained with SteelMint.
News ID: 7336    Publish Date : 2019/11/01

Production of iron ore concentrate in Iran during the first six months of the current Iranian calendar year (March 21 – September 22) reached 17.408 million tons, IRNA reported on Thursday.
News ID: 7260    Publish Date : 2019/11/01

Australia’s Fortescue Metals Group Ltd nearly doubled its cash on hand in the third quarter after buoyant prices and a move into premium products raised the prices it received for its iron ore.
News ID: 7144    Publish Date : 2019/10/25

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