Iron ore stocks News

BHP defends $500m South Flank cost blowout

February 21, 2018 / Iron ore fines mining news

Crucially, the new project will boost the average iron grade of BHP's Pilbara product from 61 per cent to 62 per cent, lift the lump proportion of its ore mix from about

Vale Full-Year 2017 Production Review: S11D Ramp-Up Propels ...

February 20, 2018 / Iron ore fines mining news

The company reported production of 366.5 mil metric tons of iron ore in 2017, a 5% year-over-year (Y-o-Y) increase in the production of iron ore fines, mainly driven by the ramp-up of production at the company's S11D mine . However, iron ore sales dipped by 0.7% despite China's enhanced demand for

Karnataka earns Rs 7 lakh daily in fines on illegal mining

February 19, 2018 / Iron ore fines mining news

A majority of the cases relate to smuggling of minor minerals, sources in the mines and geology department revealed, and nearly 70% relate to sand, an official said. "Illegal iron ore mining has reduced considerably, and even though vehicles are seized, the scale at which the mafia operated at its peak was

JSW Steel's 12-mn-tonne plant hits land transfer roadblock from ...

February 19, 2018 / Iron ore fines mining news

"Except for coal mining projects, the statutory clearances cannot be automatically transferred to the new land allotees in case of industrial projects.

Karnataka government earns lakhs daily as fines on illegal mining

February 16, 2018 / Iron ore fines mining news

Even though illegal mining of iron ore in Karnataka has considerably reduced, mining illegally is still on at some parts of the state. As a result of that, the government earns lakhs of rupees daily in the form of fines. The State government has earned Rs. 7 lakh a day in the past four-and-a-half years as fines

Government earns Rs 7 lakh daily in fines on illegal mining

February 15, 2018 / Iron ore fines mining news

A majority of the cases relate to smuggling of minor minerals, sources in the mines and geology department revealed. "Nearly 70% of the cases relate to sand," one official said. "Illegal iron ore mining has reduced considerably, and even though vehicles are seized, the scale at which the mafia operated at

NT iron ore mine set for a revival

February 15, 2018 / Iron ore fines mining news

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

Amnesty International joins PolyMet fight

February 13, 2018 / Iron ore fines mining news

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

Ind-Ra: Cancellation of Iron ore Mining Lease in Goa Credit Neutral ...

February 12, 2018 / Iron ore fines mining news

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%,

Analysis: China's iron ore import growth, steel export fall perks pricing

February 12, 2018 / Iron ore fines mining news

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

Analysis: China's iron ore import growth, steel export fall perks pricing

February 09, 2018 / Iron ore fines mining news

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

Strike says planned Peru railway will link its 20Mt/y project to port

February 08, 2018 / Iron ore fines mining news

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

Iron ore has extended its winning streak

February 07, 2018 / Iron ore fines mining news

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

Labourers of closed mines launch stir

February 03, 2018 / Iron ore fines mining news

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,

If you feel we are coercive, so be it: Odisha govt to erring miners

February 02, 2018 / Iron ore fines mining news

Of this, the government collected Rs 101.8 billion with 44 mining companies yet to pay their share of compensation. He was speaking at

Odisha mine closure creates shortage of iron ore - Icra

February 01, 2018 / Iron ore fines mining news

PTI reported that 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

ArcelorMittal had $300 mil hedging loss in 2017 on iron ore pellets

February 01, 2018 / Iron ore fines mining news

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

About Argus

Feb. 7, 2018 / Iron ore fines mining news

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

Higher metal prices allow Assore room to issue big dividend

Feb. 21, 2018 / Iron ore fines mining news

In the second half of last year, average iron-ore prices for 62% fines rose 5% to $68/tonne compared with those of the matching period in 2016, with higher

Mining scam - Karnataka earns daily INR 7 lakh from fines on illegal ...

Feb. 21, 2018 / Iron ore fines mining news

A majority of the cases relate to smuggling of minor minerals, sources in the mines and geology department revealed, and nearly 70% relate to sand, an official said. "Illegal iron ore mining has reduced considerably, and even though vehicles are seized, the scale at which the mafia operated at its peak was