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]
Rio Tinto to Invest Mining Exploration Project in Madhya Pradesh
Mar/08/2010 | Under : Companies - Mineral Exploration - Stock - Trade & Market
The Mines Ministry is likely to give an in-principle approval to global giant Rio Tinto for its diamond mining project in Madhya Pradesh in which the London-based firm is looking to invest around Rs 2,200 crore.
“The Madhya Pradesh government has already recommended mining lease to Rio Tinto’s Bunder project and now the Centre may clear it in the next 10-15 days,” a senior Mines Ministry official told PTI today.
[Read More]
Essar Group Purchase Coal Mine of Trinity Coal Corp
Mar/08/2010 | Under : Business - Finance - Coal Mine - Companies - Stock - Trade & Market
Essar Group said its purchase of Trinity Coal Corp., the Indian company’s first overseas coal mine acquisition, will help lock in raw materials with coal and iron ore prices poised to rise as the global economy recovers.
The $600 million buyout of West Virginia-based Trinity raises Essar’s total U.S. investment to $4 billion, Chief Executive Officer Prashant Ruia said. [Read More]
Blackrock, Global Mining Investments Prefers Global Recovery Gold, Iron Ore and Copper Markets
Mar/08/2010 | Under : Companies - Copper Mine - Gold Mine - Iron Ore Mine - Stock - Trade & Market
BlackRock-managed Global Mining Investments Ltd has a preference for copper, gold and iron ore as China leads a global recovery in commodities markets but is negative on aluminium because of oversupply, the firm’s chief said on Tuesday. [Read More]
China Indicts Four Rio Iron Ore Workers for Bribery
Feb/11/2010 | Under : Companies - Iron Ore Mine - Trade & Market
China indicted four employees of Rio Tinto Group, including the Australian head of its iron ore unit in the country, on trade secrets and bribery charges, signaling it won’t back down from confrontation with global business.
[Read More]
Coal Prices And Iron Ore Prices Rose Significantly
Jan/22/2010 | Under : Coal Mine - Companies - Exploration - Mineral Exploration
Winter and snow that occurred in some parts of China affect the mining exploration activities in China, so that mining production decreased. Decrease in mining production from China to change the status of China became an importer exporter of mining raw materials. [Read More]
India Iron Ore Prices Increase After India Government Regulation Export Tax
Jan/21/2010 | Under : Companies - Exploration - Iron Ore Mine
Iron ore prices have surged to near a 1½-year high after India, the world’s third largest exporter, slapped an export tax on the commodity used to produce steel.
The imposition of the 5 per cent export duty over Christmas, combined with strong global demand and low domestic production in China, have pushed iron ore prices up almost 30 per cent in the past month, traders and brokers said. [Read More]