The company, which mines iron-ore from operations in the northern Pilbara, delivered net cash flow from operations of $19-million in the six months, a significant fall from the net cash
The company reported production of 366.5 mil metric tons of iron ore in 2017, a 5% year-over-year (Y-o-Y) increase in the production of iron ore fines, mainly driven by the ramp-up of production at the company's S11D mine . However, iron ore sales dipped by 0.7% despite China's enhanced demand for
The weakness in the benchmark was also seen across lower grades with the price for 58% fines sliding 0.6% to $44.06 a tonne. Higher grades bucked the trend with ore with 65% Fe content rising 0.2% to $94.60 a tonne. Vivek Dhar, mining and energy analyst at the Commonwealth Bank, says a greater
Iron ore prices look set to fall this year with higher grades likely to hold up better than lower grades, continuing the theme seen in 2017. That's the view of Vivek Dhar, mining and energy analyst at the Commonwealth Bank, who says a greater focus on environmental protection in China will likely keep the
In the second half of last year, average iron-ore prices for 62% fines rose 5% to $68/tonne compared with those of the matching period in 2016, with higher
A majority of the cases relate to smuggling of minor minerals, sources in the mines and geology department revealed, and nearly 70% relate to sand, an official said. "Illegal iron ore mining has reduced considerably, and even though vehicles are seized, the scale at which the mafia operated at its peak was
The Supreme Court set deadline to recover penalty against the illegal iron ore mining might have ended last year on December 31, but the order has been able to generate a paltry sum of not more than `500 crore so far. Though
The company reported production of 366.5 mil metric tons of iron ore in 2017, a 5% year-over-year (Y-o-Y) increase in the production of iron ore fines, mainly driven by the ramp-up of production at the company's S11D mine . However, iron ore sales dipped by 0.7% despite China's enhanced demand for
Crucially, the new project will boost the average iron grade of BHP's Pilbara product from 61 per cent to 62 per cent, lift the lump proportion of its ore mix from about
"Except for coal mining projects, the statutory clearances cannot be automatically transferred to the new land allotees in case of industrial projects.
A majority of the cases relate to smuggling of minor minerals, sources in the mines and geology department revealed, and nearly 70% relate to sand, an official said. "Illegal iron ore mining has reduced considerably, and even though vehicles are seized, the scale at which the mafia operated at its peak was
Even though illegal mining of iron ore in Karnataka has considerably reduced, mining illegally is still on at some parts of the state. As a result of that, the government earns lakhs of rupees daily in the form of fines. The State government has earned Rs. 7 lakh a day in the past four-and-a-half years as fines
A majority of the cases relate to smuggling of minor minerals, sources in the mines and geology department revealed. "Nearly 70% of the cases relate to sand," one official said. "Illegal iron ore mining has reduced considerably, and even though vehicles are seized, the scale at which the mafia operated at
For example, the Steel Ministry has pointed out that while the royalty for iron-ore fines, lumps and concentrates was fixed at 15% at the last revision, it averaged between 2% and 4% in Australia, depending on mine location, 0.5% to 7% in South Africa, 7% in Canada, and 2% in China and Brazil. The Steel
The iron ore price for the benchmark 62 per cent fines finished overnight trading 1.4 per cent higher at $US78.41/t. Minerals Council of Australia, NT Division executive director Drew Wagner said the Roper Bar revival was proof of the shifting trend of growth and confidence in the mining sector. "To see
Steady steel margins may also favour medium-to-high grade ore consumption over low grade. Indian miners may have to look for other countries to export low-grade iron ore. The Indian government removed the export duty on iron ore fines Fe<58% and iron ore lumps Fe<58% from 10% and 30%,
China's latest trade data may be underscoring why iron ore and coking coal prices are currently supported well above longer-term analyst price estimates, as steel industry measures inject some optimism for miners. China, which imported a record 1.07 billion mt of iron ore in 2017, in January hauled in 100
But since then there have been no fines, no criminal prosecution and no one held accountable for the mess, said Doug Watt, who lives on Quesnel Lake
Steady steel margins may also favour medium-to-high grade ore consumption over low grade. Indian miners may have to look for other countries to export low-grade iron ore. The Indian government removed the export duty on iron ore fines Fe<58% and iron ore lumps Fe<58% from 10% and 30%,
On Friday, Platts IODEX 62% Fe fines was assessed at $76.55/dmt CFR, compared to a 2018 Macquire forecast of $66/dmt, which was revised up in January from an earlier $54/dmt. The bank stated the upward revision to iron ore recognized "China's persistently high steel capacity utilisation rate should