Towns like Brumadinho and Mariana are hostage to fluctuating global iron ore prices. When they are down, companies try to cut costs as much
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
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
Globally, steel prices have risen on account of rise in iron ore prices-a
WA iron ore export terminals clear ahead of cyclone
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
Chinese mill indexes Indian fines to Argus ICX
This may have been compounded by declines in the iron ore market, with the Fe Fines 62% spot price falling below US$80 per tonne during
Chinese mill indexes Indian fines to Argus ICX
This may have been compounded by declines in the iron ore market, with the Fe Fines 62% spot price falling below US$80 per tonne during
Brazilian mining firm Vale said that a court in Minas Gerais state has ordered it to
As per the sources, Odisha based miners have concluded low-grade iron ore fines (Fe 58/57%) export deals this week at around USD
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
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
Meanwhile, Mysteel's PORTDEX 62% Fe Australian iron ore fines
All mine sites experienced some disruption and will take time to return
Iron ore differentials narrow on supply pressure
The shut-down of Vale's mines represents ~6% of global consumption
For example, the Steel Ministry has pointed out that while the royalty for iron-ore fines, lumps and concentrates was fixed at 15% at the last revision, it averaged between 2% and 4% in Australia, depending on mine location, 0.5% to 7% in South Africa, 7% in Canada, and 2% in China and Brazil. The Steel
Vale said it was expecting to produce 63-68 million tonnes of iron ore fines in