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
In a media statement issued Tuesday, Australia's fifth largest iron ore producer also revealed that net cash flow from operations for six months was $19 million. According to the company, the result was weighed down by the reduction in tonnes shipped following the end of scheduled mining at its Wodgina
Swedish iron ore miner LKAB this year will start a permitting process to increase production at its Kiruna underground mine and pelletizing plant facilities amid
"The domestic price of iron ore lump, concentrate, fines and pellet is determined by the government, based on the average price of billet trading on IME.
The Iran Mercantile Exchange plans to begin trading in domestically produced iron ore pellet and concentrate, IME Managing Director Hamed Soltani-Nejad was quoted as saying by local media websites. The IME also planned to trade imported iron ore in the future, he added. Iran's iron ore imports were
The results were also crimped by a slide in prices for iron-ore fines, used to make pellets and later steel, which fell to $63.10/t in the fourth quarter from $67.17 in the third quarter and $69.40 in the same period last year. However, base metals boasted their best quarterly showing since 2011, thanks to higher
Chinese imports of high-quality iron ore fines and lump ore from Australia, Brazil and South Africa jumped 19% from December to just above 100m tonnes last month. Cargoes reached a record high of 102.8m in September last year. Total shipments for 2017 topped record imports in 2016 of just over 1