Mining Investment : Nippon Steel to Invest in Iron Ore and Coal Mines
Mar/13/2010 | Under : Coal Mine - Iron Ore Mine - Steel Industry - Stock
Nippon Steel Corp., Japan’s largest steelmaker, will pursue investments in iron ore and coal mines, joining rivals in a bid to curb costs and secure supplies of the steelmaking ingredients.
The company wants to supply 50 percent of its raw material needs by buying stakes in mines or developing new ones “as early as we can,” Executive Vice President Shinichi Taniguchi said March 4 in an interview in Tokyo. Mines partly owned by the mill supply 35 percent of its iron ore and 25 percent of its coking coal needs. [Read More]
Nippon Steel Plans Mining Investment in Iron Ore And Coal Mines
Mar/09/2010 | Under : Coal Mine - Companies - Iron Ore Mine - Mineral Exploration
Nippon Steel Corp., Japan’s largest steelmaker, will pursue investments in iron ore and coal mines, joining rivals in a bid to curb costs and secure supplies of the steelmaking ingredients.
The company wants to supply 50 percent of its raw material needs by buying stakes in mines or developing new ones “as early as we can,” Executive Vice President Shinichi Taniguchi said March 4 in an interview in Tokyo. [Read More]
Asian Stocks Rise to Six-Week High on U.S. Jobs Data
Mar/08/2010 | Under : Aluminium
Asian stocks rose, driving the MSCI Asia Pacific Index to a six-week high, as better-than-estimated U.S. jobs data and a pledge by French President Nicolas Sarkozy to support Greece boosted confidence in the global recovery.
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Mining Company BHP Billiton Iron Ore Production Highest Recorded
Feb/02/2010 | Under : Companies - Exploration - Iron Ore Mine - Steel Industry
Mining company BHP Billiton iron ore production reported from several locations of their iron ore mines to reach the highest rate in the quarter. The highest production of iron ore from the Pilbara region, Western Australia. Production of iron ore from iron ore mines in the Pilbara region of about 54%.
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China Steelmakers Look To Secure Iron Ore Supply
Dec/06/2009 | Under : Companies - Exploration - Iron Ore Mine
Moves aimed at reducing reliance on imported ore for steelmaking. With a proposed joint venture between the number two and three iron ore suppliers looking more likely, Chinese steelmakers are working furiously to secure their own ore supply by buying smaller iron ore firms or expanding mining capacity domestically.
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China Leads Record Low-Grade Iron Ore Mines in Australia
Nov/28/2009 | Under : Companies - Iron Ore Mine - Mineral Exploration
Citic Pacific Ltd., an arm of China’s biggest state-owned investment company, is leading record spending on low-grade iron ore mines in Australia to profit from surging demand as well as to diversify supply.
As much as A$18 billion ($16.6 billion) is being spent on so-called magnetite iron ore projects, 36 percent more than a year ago, according to data from the Australian Bureau of Agricultural and Resource Economics. Citic Pacific this month said it signed sales accords for its $4 billion project.
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South African Mining Groups Doing Well In South America
Nov/23/2009 | Under : Companies - Gold Mine - Mineral Exploration
South America is a continent whose richness in natural resources became legendary through myths such as El Dorado or the Emerald Mountain. Neither of these ever existed, of course, but today the continent produces antimony, bauxite, coal, cobalt, copper, gold, iron-ore, lead, manganese, molybdenum, nickel, phosphates, platinum, silver, tantalum, tin, titanium, tungsten, uranium, zinc and zirconium, plus oil and gas, as well as a wide range of precious and semiprecious stones.
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Rio Tinto Group Double Capital Expenditure in 2010
Oct/30/2009 | Under : Coal Mine - Companies - Exploration
Rio Tinto Group, the world’s third- largest mining company, will double capital expenditure in 2010 after cutting net debt by 42 percent in the first nine months of this year.
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