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
Singapore, 7 February (Argus) - India's Supreme Court has cancelled all iron ore mining leases in the coastal state of Goa, a major supplier of low-grade fines to China. The court had allowed mining to resume in Goa in 2015 after it was suspended in 2012 as a court-appointed committee probed
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