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
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