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Alderon Iron Ore Enters Off-take Agreement with Glencore
Alderon Iron Ore Corp. (TSX:ADV,NYSE MKT:AXX) announced that its affiliate, the Kami Mine Limited Partnership, has entered into an off-take agreement with a subsidiary of Glencore plc (LSE:GLEN). Under the terms of the agreement, Glencore will acquire all production from the Kami Project that has not been allocated to Hebei Iron and Steel Group (SHE:000709).Continue reading...
Big 3 Iron Miners Keeping Up Volume, Price Balancing Act
Reuters columnist Clyde Russell wrote today that iron ore miners BHP Billiton (NYSE:BHP) Rio Tinto (NYSE:RIO) and Vale (NYSE:VALE) are bent on keeping their dominant position in the market by increasing low cost production. The strategy will depend on whether demand from China will continue to support prices, according to the author.Continue reading...
Vale Reports Best Iron Ore Production Performance Ever For Q2
Mineweb reported today that Vale (NYSE:VALE) has reported its strongest ever iron ore production for the second quarter of 2014. Operational performance was bolstered by good weather and plant ramp-ups, according to Mineweb.Continue reading...
Rio Tinto’s New Iron Mine To Overtake BHP’s Mt Whaleback as Largest in Australia
Iron ore prices may be down, but that hasn't stopped Rio Tinto (NYSE:RIO) from making plans for the biggest iron ore mine in Western Australia's Pilbara region. According to Mining Australia, the new pit at it's Yandicoogina operation could produce 70 million tonnes per year.Continue reading...
Company Related Articles
Jul 2 2014Iron Ore Price trend in China’s iron ore market to turn upwards in H2 World Steel News 01.07.2014 According to many analysts and traders, in H2 of this year the downward price trend...
Jun 19 2014Iron Ore Iron ore prices inch up in China, but bearish moods prevail Iron ore prices in China have inched up Wednesday, however most market players are positive that the downtrend will set...
Jun 17 2014Once a hallowed, mystical metal that fell to earth as meteorites from outer space, iron now accounts for around 95 per cent of all the metal used today. Iron is the fourth most abundant element in...
May 9 2014Iron Ore Iron ore exporters predict price rise in China in H2 World Steel News 7.5.2014 Despite analysts being sceptical about iron ore price movement this year, major miners stay rather...