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Iron Outlook 2015: Hope in Expensive Toys

Thu, 2014-12-18 18:50

While iron ore prices have seen a dramatic drop this year, hope could be on the horizon with ferroalloys. Read on for an explanation from Christopher Tuck, commodity specialist with the National Minerals Information Center, US Geological Survey.

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Cockatoo Island Project Gets a New Mine Plan

Thu, 2014-12-18 14:53

Pluton Resources Ltd. (ASX:PLV) is in the process of formulating a long-term mining and operations plan for the Cockatoo Island project.

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India to Emerge as Source of Cheap Ore

Thu, 2014-12-18 11:20

India is all set to enter the Iron ore market, dominated by Brazil, as another source of cheap ore.

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Sundance Cuts Costs and Makes Changes in Board

Wed, 2014-12-17 12:25

Sundance Resources Limited (ASX:SDL) announced a number of cost cuts as part of a cash management strategy while it moves ahead with the development of its Mbalam-Nabeba iron ore project.

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BHP Billiton Shifts Focus to Copper from Iron Ore

Wed, 2014-12-17 12:19

BHP Billiton Ltd. (ASX:BHP,LSE:BLT,NYSE:BHP), the world’s largest mining company, announced it will shift its focus to copper from iron ore to meet demand from China, its biggest customer.

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ENRC Sues Zamin to Repay $65 Million

Tue, 2014-12-16 12:34

Reuters reported that ENRC, a Kazakh mining firm, has sued Zamin, an Indian mining firm, for the repayment of a $65-million loan.

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Iron Futures in China Help Rebound

Mon, 2014-12-15 18:10

Iron ore features in China inched up on Monday morning helping prolong a rebound which began last Wednesday.

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BHP Billiton Celebrates China Iron-ore Shipping Milestone

Mon, 2014-12-15 11:41

BHP Billiton (NYSE:BHP) shipped its billionth tonne of iron ore to China last week and celebrated the day in Shanghai with customers, industrial associations, joint venture partners, suppliers and employees.

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NMDC to Float JV with Provincial Government

Fri, 2014-12-12 12:52

India’s largest iron ore miner, NMDC Ltd. (NSE:NMDC), has floated a joint venture (JV) with the local government of the East Indian province of Odisha.

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Mining Convention Signed for Mayoko-Moussondji

Thu, 2014-12-11 12:27

Equatorial Resources Ltd. (ASX:EQX) has signed a mining convention agreement over its Mayoko-Moussondji iron project in the Democratic Republic of the Congo.

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Iron Ore Drops to Five-year Low

Thu, 2014-12-11 12:19

Sustained pressure from a supply glut and a drop in Chinese steel demand have pushed iron ore near its lowest level in more than five years.

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Indian Iron Ore Miners Stop Exports

Tue, 2014-12-09 17:59

Iron ore miners in India have halted exports of the metal as the global price slump and higher royalty fees eat away at the profitability.

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JPMorgan Slashes Iron Ore Outlook, BHP and Rio Shares Fall

Tue, 2014-12-09 13:49

JPMorgan expects iron ore prices to extend its drop and average $67 a metric ton next year and $65 in 2016.

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India Hits Record Iron Ore Imports of 6.76 Million Tons

Fri, 2014-12-05 18:14

India's iron ore imports registered at 6.76 million tons through the first seven months of the fiscal year as prices dropped.

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Rio, BHP, Vale Could be “doing a China”

Fri, 2014-12-05 13:46

It's no surprise that producers such as Rio Tinto (NYSE:RIO) BHP Billiton (NYSE:BHP) and Vale (NYSE:VALE) seem to be deliberately continuing to expand their iron production in order to push down prices and drive smaller companies out of the iron market. Lawrence Williams of Mineweb likened the strategy to moves made by China in recent years, which have allowed the country to dominate the production of certain metals and resources.

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Cliffs Natural Resources Terminates Notes Tender Offer, Postpones Debt Refinancing

Thu, 2014-12-04 14:15

Cliffs Natural Resources announced plans to end its tender offers and delay its debt refinancing amidst a slumping iron market.

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Vale Looking at Sale of Stake in Base Metals Unit

Wed, 2014-12-03 17:00

The company has had a tough time in 2014, and now it needs to raise some cash. On the bright side, Chief Executive Murilo Ferreira remains positive on the future of iron ore.

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Rio Tinto Maintains It Will Post Profit Amidst Iron Ore Price Slump

Mon, 2014-12-01 18:04

Rio Tinto maintains that it will still make large profits even as the price of iron ore hits five-year lows.

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The Panic Down Under: Australia’s Increasingly Uneasy Relationship with Iron

Wed, 2014-11-26 17:00

Iron ore prices are down 50 percent since January and continue to slump. Iron Investing News takes a look at the metal's close ties to Australia and how further price drops could impact the country.

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Iron Ore Drops Below USD $70 Per Ton for First Time in Five Years

Wed, 2014-11-26 11:57

The price of iron ore has slipped below USD $70 per ton for the first time in more than five years as a weakening Chinese demand for iron looks set to take hold.

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