Iron ore

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In week-40 (28th Sep - 5th Oct’19) Indian steel prices in secondary market continued to fall owing to lack of domestic & export inquiries. Major mills announced roll over in finished steel prices for Oct'19.
News ID: 6790    Publish Date : 2019/10/05

Sierra Leone’s government has cancelled the mining licence of a subsidiary of Gerald Group, the mines minister told Reuters on Tuesday, amid a dispute over royalty payments.
News ID: 6738    Publish Date : 2019/10/08

China is looking beyond current suppliers like Australia to procure raw materials in future as its steel demand continues to grow, the chief executive of the world’s No. 4 iron ore producer Fortescue Metals Group warned on Thursday.
News ID: 6732    Publish Date : 2019/10/10

Guinea and Liberia signed a deal on Friday to allow several mines in Guinea, including the giant Nimba iron ore project, to export through Liberia, officials from the two West African countries said.
News ID: 6728    Publish Date : 2019/10/11

Brazil’s Vale SA said on Monday its third-quarter iron ore production was up from the previous quarter but still down 17.4% from a year ago, as the miner slowly began to resume production at mines that were shut down following a deadly dam burst in January.
News ID: 6726    Publish Date : 2019/10/14

The Australian government said on Friday that it will provide more than half the funds for a A$200 million ($136.60 million) solar farm being built by Alinta Energy to help power two iron ore mines in Western Australia’s remote Pilbara region.
News ID: 6724    Publish Date : 2019/10/20

EU iron ore imports fell to their lowest monthly level since mid-2009 in August as weak steel market conditions pressured operations. Some mills are considering further adjustments to the balance of their ore burdens in order to contain costs.
News ID: 6721    Publish Date : 2019/10/18

Benchmark Dalian iron ore prices posted their deepest weekly fall in more than two months despite a slight rebound late on Friday hurt by intensified restrictions on Chinese steel production aimed at curbing air pollution.
News ID: 6707    Publish Date : 2019/10/20

Odisha govt. has today invited bids for grant of ten iron ore and manganese ore mining leases. In exercise of the powers conferred by Section 10 (B) of the Mines and Minerals (Development and Regulation) Act, 1957 and in accordance with the Mineral (Auction) Rules, 2015 as amended from time to time notified thereunder, the Government of Odisha has identified 10 mineral blocks (7 blocks of iron ore and 3 blocks of iron ore and manganese) for electronic auction.
News ID: 6702    Publish Date : 2019/10/04

NMDC- India's largest iron ore producer registered iron ore sales at 1.91 MnT for the month of Sep’19, up 28% as compared to 1.49 MnT in Aug'19. Sales from Chhattisgarh mines witnessed at 1.34 MnT (up 28% M-o-M) and sales from Karnataka mines at 0.57 MnT, up 30% on monthly basis.
News ID: 6701    Publish Date : 2019/10/03

A Hebei steel mill in north China has signed an initial agreement to buy Indian pellet indexed to Argus assessments.
News ID: 6687    Publish Date : 2019/10/17

This week Chinese finished steel prices continued to remain volatile amid fluctuations in the futures market. With the aspiration of clear and pollution-free sky, stringent production curbs announced by Hebei, Shanxi and Shandong provincial govt ahead of China’s National Day processions on 1st Oct’19 sent spot steel prices soaring. However, prices could not sustain the momentum and started to decline towards the end of the week with the curbs engrossing major downstream steel-consuming sectors resulting in a decline in demand.
News ID: 6597    Publish Date : 2019/09/28

ArcelorMittal is evaluating a potential sale of some of its iron ore operations, as the world’s biggest steelmaker seeks to cut debt by divesting non-core businesses, people familiar with the matter said.
News ID: 6502    Publish Date : 2019/10/05

Data released on Monday showed Chinese steel output rebounded in August rose 9.3% from the same month a year before to 87.3m tonnes; not far off the record set in May this year, according to the World Steel Association.
News ID: 6501    Publish Date : 2019/10/05

Rio Tinto (LON, ASX, NYSE:RIO), the world’s second-biggest producer of iron ore, is said to have cancelled plans to sell its Iron Ore Company of Canada (IOC) business after failing to settle on a suitable price with potential buyers.
News ID: 6500    Publish Date : 2019/10/05

India is considering easing environmental approvals for mines due for auctions by March, according to people familiar with the matter, a move that may potentially limit any disruption in iron-ore supplies.
News ID: 6499    Publish Date : 2019/10/05

Australian miner Fortescue and Guinea’s biggest bauxite exporter SMB-Winning are the last two companies in the running for the rights to develop blocks 1 and 2 of Guinea’s Simandou iron ore deposit, three sources told Reuters on Friday.
News ID: 6492    Publish Date : 2019/10/05

The drumbeat of voices forecasting India could rely more on global markets for iron ore next year is getting louder.
News ID: 6491    Publish Date : 2019/10/05

Brazil’s Vale SA, the world’s largest miner of iron ore, is considering producing a type of iron with lower carbon emissions if the price of natural gas needed to produce it falls significantly, three sources with the company said on Thursday.
News ID: 6490    Publish Date : 2019/10/05

Southern India based pellet maker – KIOCL participated Karnataka iron ore e-auction on 21st Sept 2019. Company has procured around 8,000 MT fines (Fe 59%) from Iyli Gurunath Iron Ore Mine Karnataka at INR 2,065/MT (basic prices, taxes extra).
News ID: 6483    Publish Date : 2019/09/23

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