Tuesday, July 30, 2013

Kumba elbows ArcelorMittal out of Sishen South iron-ore project

October 28, 2009 by · Leave a Comment 

South Africa’s biggest iron-ore miner, the Anglo American-controlled Kumba Iron Ore, has managed to elbow steelmaker ArcelorMittal South Africa out of its claim to be part of the R8,5-million Sishen South project, which is going ahead at full steam in the Northern Cape. Kumba, headed by CEO Chris Griffith, announced on Wednesday that it had [...]

Kumba boosts Q3 iron-ore output to 11,3Mt

October 22, 2009 by · Leave a Comment 

South African iron-ore producer Kumba Iron Ore (KIO) increased its year-on-year output by 12% to 11,3-million tons during the third quarter of the year, remaining on schedule to meet its target of increasing production by an overall 10% in the 2009 financial year. The 11,3-million tons produced in the quarter ended September 30, 2009, was [...]

BHP chairman tells China: game on

October 22, 2009 by · Leave a Comment 

Global miner BHP Billiton acknowledged on Thursday that it and other iron-ore producers had at times upset their major customer China and said that Beijing realised it had "to play with the big boys". In a parting shot at Chinese anger over high iron ore prices and over BHP’s plans for a $116-billion iron-ore joint [...]

China hints at independent path on iron-ore prices

October 16, 2009 by · Leave a Comment 

China’s top iron ore negotiator suggested that China, the world’s largest steel producer, may take a more independent path in setting term iron ore prices in annual negotiations, saying it would not necessarily follow other countries. China Iron and Steel Association (CISA) secretary general Shan Shanghua, who failed to secure the deep price cut he [...]

Rio Tinto could raise iron ore production guidance by as much as 7% – analysts

October 13, 2009 by · Leave a Comment 

The company’s third quarter production report due out Wednesday is expected to reflect improving conditions for steelmakers Read more….

Chinese authorities extend Rio probe by a month

October 12, 2009 by · Leave a Comment 

China has extended by a month a probe into suspected corporate espionage by employees of Rio Tinto, a defence lawyer said, a case which strained ties between Australia and its second-largest trade partner. The four employees, including Australian citizen Stern Hu, were detained on suspicion of stealing state secrets shortly before a deadline for concluding [...]

Benchmark system for iron ore pricing may not survive – RCR

October 8, 2009 by · Leave a Comment 

The iron ore-steel sector may start contract pricing talks for iron ore this month but research by a Sydney group casts doubt on whether a benchmark will be set and whether it will survive in its historic form. Read more….

China determined to make its presence felt in iron ore talks

October 2, 2009 by · Leave a Comment 

The super power is hoping to finally extract some advantage from its position as the world’s top steel consumer. Read more….

Rio Tinto-China tensions may jeopardize 2010 iron ore negotiations

September 10, 2009 by · Leave a Comment 

Since Rio Tinto broke off talks with Chinese steelmakers just two months before the 2010 round of negotiations was slated to begin, it could put them at risk. Read more….

Vale restarts Aqua Limpa iron ore ops

September 4, 2009 by · Leave a Comment 

The facility is expected to produce at an annual rate of 5.4 million tonnes by the end of the year Read more….

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