Given the high-grade nature of the iron-ore deposit and the premium pricing that high-grade lump and fines products attracts over concentrate delivered
The price of benchmark 62% fines jumped 1.7% to $77.20 a tonne, according to Metal Bulletin, leaving it at the highest level since January 12. It's rallied 5.9% over the past
Business Standard reported that industries using iron ore like steel mills, sponge iron manufacturers have urged the government-owned miner NMDC Ltd to roll back the raw material price hike immediately. In a fresh representation made to NMDC, steel producers and sponge iron manufacturers have
According to Metal Bulletin, the spot price for benchmark 62% iron ore fines stood at $US76.80 a tonne last Friday. In comparison, the price for lower grade 58% fines is currently significantly lower at $US42.32 a tonne. "The vast majority of the iron ore industry is unsurprisingly in-the-money at current spot
In a fresh representation made to NMDC, steel producers and sponge iron manufacturers have argued that the Rs 500 per tonne price hike of both grades of iron ore i.e. lumps and fines for January has raised input cost proportionately, which they are unable to pass on to user industries. Since the demand
Pellet plants have a combined installed capacity of 85 million tonnes across the country. However, hardly 50 per cent of the capacity is utilised and this is due to poor availability of iron ore fines at sustainable prices. Over 75 per cent of the pellet and steel plants don't have captive mines and are dependent
The closure of six iron ore mines in Odisha has created a supply shortage of 5.5 million tonne, due to which the rates of lump ore have gone up by around Rs
This pricing situation along with stockpiles of iron ore products in excess of 150 million tonnes held in China make the iron ore fines business challenging,"
An official sources said more than 1,000 labourers lost their jobs after three mines - Balada iron ore mines of M/S Sirazuddin, Roida iron ore mines of M/S Mesco and Roida iron ore mines of Idcol - were closed after the mine owners failed to deposit the fines imposed on them by the December 31, 2017,
Of this, the government collected Rs 101.8 billion with 44 mining companies yet to pay their share of compensation. He was speaking at
Vale (NYSE:VALE), the world's largest iron ore producer, confirmed Wednesday it is in talks with BHP Billiton over the future of their Samarco joint venture, including the possibility of the Brazilian miner taking full ownership. During a meeting with investors and analysts in Sao Paulo, Vale's investor relations
Steel and mining group ArcelorMittal said Wednesday it booked a derivatives loss for 2017, related to hedging a long-term agreement for iron ore pellets
Steel and mining group ArcelorMittal said Wednesday it booked a derivatives loss for 2017, related to hedging a long-term agreement for iron ore pellets
The originally proposed reform also intended to increase the maximum fine for breaches of mining laws to R$30 million and establish additional penalties,
PTI reported that closure of six iron ore mines in Odisha has created a supply shortage of 5.5 million tonne, due to which the rates of lump ore have gone up
AMSA would also pursue alternative raw material options, including the briquetting of iron-ore fines at new plants in Saldanha Bay and Vanderbijlpark and by increasing scrap consumption. Discussions were also continuing with both Transnet and Eskom on ways to reduce logistics and electricity costs,
Despite beginning the year in good shape, the global iron ore industry is starting to experience a fresh drop in prices that has analysts trying to decide whether this is the start of a deeper downtrend or a pull-back. According to the Metal Bulletin, the price for benchmark 62% fines slipped Tuesday below $73
Iron Valley lump pricing in the quarter was reasonably strong, but discounts for 58% to 60% Fe fines products remained elevated. Further, the company's Buckland iron-ore project reported positive initial drilling results at the Kumina prospect, including multiple intersections greater than 20 m at more than
The six mines in Odisha, India's largest iron ore producing state, were ordered to halt production from 1 January after they failed to pay fines imposed by the Supreme Court last year. The penalties were imposed for excessive mining by several companies, including large steelmakers such as Tata Steel,
However, miners are not willing to link the export price to the domestic price of the raw material, with one member of the Federation of India Mineral Industries pointing out that India's predominant export shipments are of medium- and low-grade iron-ore fines that are not accepted by local steel mills at their