Thursday
,
20 Nov 2008
Australian reports suggest BHP Billiton could face at least a further 3-week delay in receiving the EU’s competition commission’s ruling on its bid for Rio Tinto.
Monday
,
17 Nov 2008
Fortescue Metals has denied reports that it is to sell stake to Chinese sovereign wealth fund saying it sees no need for capital or equity injections.
Saturday
,
15 Nov 2008
The world's biggest steel company has said it will invest $1.5 billion in one of the poorest countries on earth. It may struggle to manage local expectations.
Friday
,
14 Nov 2008
Vale's financial director says that there are already good indicators of metals price stabilization but it is as yet unclear if improvements seen to date are sustainable.
Monday
,
10 Nov 2008
One of the leading figures in mid-tier iron ore production in Western Australia, George Jones, believes the big price pushes by the big three – Rio Tinto Ltd, BHP Billiton and Vale – will see a new order over the next 12 months – with contracts being negotiated with the Chinese at lower prices.
Friday
,
07 Nov 2008
Kumba Iron Ore CEO Chris Griffith says the seaborne iron ore market will benefit from cutbacks in small projects but Kumba’s will be the last to reduce expansions.
Tuesday
,
04 Nov 2008
Aricom looks to cut substantially its capital spend at K&S, Garinskoye projects. Company had previously sought $1 bln in external funding. The company is planning review to cut all non-essential spending.
Tuesday
,
04 Nov 2008
Like every other mining company, Vale is concerned about the impacts of the current global financial crisis, but will not bring new projects to a complete standstill.
Sunday
,
02 Nov 2008
European regulators could threaten to stop BHP Billiton's proposed takeover of Rio Tinto because of dominance over world's iron ore supply, Britain's Sunday Times newspaper reported.
Wednesday
,
29 Oct 2008
Production at two of Cliffs’ Minnesota Iron Range operations has been halved due to the slowdown in domestic steel demand generated by the U.S. financial crisis.
Friday
,
24 Oct 2008
The world's largest iron ore miner says it will refuse to ship ore to Chinese steel mills unless they pay the 12 percent price rise it is imposing to bring prices in line with European shipment
Friday
,
24 Oct 2008
Russian coal mining and steel company, Mechel, is to re-introduce its plan to revive a preferred share issue which had been shelved in August after verbal attacks by Russian Prime Minister Vladimir Putin.
Friday
,
24 Oct 2008
Cliffs Natural Resources (formerly Cleveland Cliffs) expects improved iron ore prices in North American market next year and awaits outcome of shareholder vote on Alpha Natural Resources coal mining takeover next month.
Friday
,
24 Oct 2008
Record iron ore sales revenues during the third quarter offset a fall in nonferrous earnings to help Vale to a new record quarterly earnings figure
Monday
,
20 Oct 2008
A consortium of six Japanese and Korean steelmakers, along with a Japanese trading company, intend to invest $3.1 billion to acquire 40% of Brazilian iron ore miner Nacional Minerios.
Friday
,
17 Oct 2008
Australian iron ore miner Fortescue is being asked by some buyers to lower its contract prices after a sharp fall in shipping costs and lower steel prices in China.
Friday
,
17 Oct 2008
In spite of the global financial crisis, Vale says it remains “confident of the long-term fundamentals of the minerals and metals market”, allocating a $14.2 billion capex budget for 2009.”
Wednesday
,
15 Oct 2008
Mega miner Rio Tinto thinks Chinese metals demand will slow in line with the global economic outlook and demand won’t pick up until next year.
Friday
,
10 Oct 2008
Predictions of a 20-30 percent increase in iron ore prices next year are being slashed amidst uncertainty over continuing demand levels by Chinese steel mills.
Saturday
,
04 Oct 2008
A grouping of Chinese steel producers are in talks to cut output to help cut iron ore imports, cut input prices and support sales prices.
Tuesday
,
30 Sep 2008
Although Chinese dominance in tungsten is expected to continue, an urgent need exists for alternative tungsten supplies in Western nations.
