China's iron ore imports in March improved slightly in March from February thanks to the restart of steel mills that were idled during the winter months as part of a government drive against pollution. Imports of high-grade iron ore fines and lump ore from Australia, Brazil and South Africa for the first quarter
After iron ore is mined, it goes directly to the furnace to be smelted, or refined. But blast furnaces produce an incredible
Brazil's federal environmental regulator Ibama levied fines against Anglo American of 71 million reais ($21.1 million) related to two spills last month from a pipeline that carries iron ore from the Minas-Rio mine. That was in addition to 125.6 million reais ($37.3 million) from the Brazilian state of Minas Gerais
The announcement is the last of a string of difficulties Anglo has faced with the mine, which was expected to produce 16 million tonnes of iron ore this
Baffinland notes that "because of the high grade of the iron ore, we simply mine, crush and screen the ore on-site, and then ship it directly to markets - no concentrating or processing needed. That means significantly less impact on the environment than typical iron ore operations." The mine's final products
Inventory of iron ore is going up at mine heads with the lack of enough demand to absorb lower grade fines and downtrend seen in exports. At the end of 2016-17, 148.66 million tonnes of iron ore had accumulated at the mine pit heads and the figure is estimated to breach 150 million tonnes by 2017-18
Last month, prices had seen a similar fall of Rs 200 to Rs 250 per tonne for fines and Rs 450 to Rs 500 for lumps. Compared to January, when the iron ore rate had peaked on fears of a supply crunch after closure of some large mines in Odisha, the reduction has been to the extent of Rs 500 per tonne for
A rupture of an Anglo American Brasil pipeline in Minas Gerais state spilled 318 tons of iron ore on 12 March. That has been
Australian iron ore producer Fortescue Metals has stepped up sales to India, diversifying from the traditional market of China where sales of its low-grade fines have been
Ore with 65% Fe content rose 0.5%, settling at $86.40 a tonne. 58% fines added a smaller 0.3%, finishing the session at $40.47 a tonne. The mixed performance came amidst ongoing concerns about the outlook for Chinese steel demand, said Vivek Dhar, Mining and Energy Commodities at the
Iron ore shipments were disappointing with shipments affected by Cyclone Joyce hitting Port Hedland. The value of top quality iron ore "fines" exports was down 14 per cent, with a 2 per cent increase in price overwhelmed by 16 per cent lower volumes. Coal exporters also had a difficult month after train
The Supreme Court order allowing some large iron ore mines in Odisha to restart is likely to soothe iron ore prices.
Curiously, even though the court hasn't expressly said the judgment would extend to coal mining - the order was issued on a PIL filed in the context of the MP Shah Commission of Inquiry on illegal mining of iron ore and manganese -, state-run Coal India's arms too have received show-cause notices by
"With the exception of high-cost magnetite operations in Australia, miners selling lower grade sinter fines [with iron content of less than 60%] are still the marginal suppliers of the seaborne market." This chart from Macquarie shows operating margins for major seaborne iron ore producers in the second half
The Supreme Court order allowing some large iron ore mines in Odisha to restart is likely to soothe iron ore prices.
NMDC, the country's largest iron ore mining company, has slashed prices of higher grade iron (lumps) by Rs 100 to Rs 3,000 per tonne for the current month. The state-run firm has also cut the prices for iron ore fines, which are inferior grade ore, by Rs 100 to Rs 2,660 per tonne for March. The prices
At 30 million tonnes per year before the disaster Samarco's pelletizing operations supplied roughly one-fifth of the seaborne trade in the steelmaking raw material that attracts a premium price over iron ore fines and lump ore. Earlier Samarco said that should the mine reopen output would likely be capped
The suspension of several iron ore mines in India has led to a dramatic increase in Indian domestic ore prices - ore imports have lifted significantly and
The mining companies have paid large amounts as compensation for overproduction to be eligible for resuming of operations. They would be eager to recover the amount before 2020, when the tenure of their leases expires in line with a new law. The rate for ore fines had gone up from Rs 1,400 a tonne to
Samarco has also paid about $6.7m in fines levied separately by the state government of Minas Gerais - but none of the 24 fines totalling $105m imposed by