Mining company BHP Billiton iron ore production reported from several locations of their iron ore mines to...
A cyclone packing winds up to 285 km per hour forced iron ore miners on northwest Australia’s Cockatoo Island to evacuate but posed little concern for larger mining operations out of the storm’s path.
HWE Mining Pty Ltd, which mines about about 300,000 tonnes of iron ore annually in partnership with U.S.-based Cliffs Natural Resources, has moved 36 of its Cockatoo Island workers to a safety shelter, it said in a statement on Wednesday.
Steelmaker largest company’s, Tata Steel, Posco and BaoSteel against joint venture from iron ore mining company Rio Tinto and BHP Billiton. Steel manufacturers expect the joint venture of the two iron ore mining companies (Rio and BHP) will allow both companies to control the supply of iron ore and iron ore prices.
World Steel Association, which represents nearly all major steelmaker, said this week that the European Union rejected the proposed joint venture.
India’s iron ore exports in October more than doubled to 9.325 million tonnes from 4.26 million tonnes a year ago, a release from the Federation of Indian Mineral Industries showed on Thursday.
Iron ore exports in the first seven months of the current financial year to October were at 53.225 million tonnes, up from 44.06 million tonnes in the same period a year ago, it showed.
After the meltdown in global commodity market, the prices of some mining material came crashing down. Indian mining companies, which export a bulk of their products, were unclear about the revenue flow for the rest of the year.
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.
