mineral exploration project – commodity prices – mining stock- trade and market

The cash price of iron ore delivered to China, the world’s biggest buyer, rose to the highest in more than a year amid what Goldman Sachs JBWere Pty said was “panic buying” by steel mills.

The cost of 62 percent iron-content ore delivered to Tianjin port increased 2.9 percent to $124.80 a metric ton yesterday, according to The Steel Index.

Steelmaker China, India, Korea and Japan are interested in buying stakes iron ore mine owned by Australian iron ore...

Demand for iron ore and coal is expected to grow next year, reflecting higher steel production, pushing Australia’s output close to capacity.

The Australian Bureau...

Better than expected trial mining results have put the Nullagine Iron Ore Project joint venture between BC Iron and Fortescue Metals on the fast track to development.

BC Iron yesterday announced to the Australian Securities Exchange (ASX) that the final results from a trial mining test pit had exceeded expectations, with tonnes and grade 13% higher than predicted.

Iron ore prices will likely rise in 2010, underpinned by growing demand from China, the chief executive of Brazilian mining giant Vale said on Monday,...

India Globalization Capital, Inc., a company competing in the rapidly growing materials and infrastructure industry in India, today announced it was awarded two new Chinese iron ore supply contracts valued at $3.0 million. The orders total 60,000 metric tons of medium-grade iron ore, or 56-grade.

Rio Tinto Group may renegotiate its proposed iron-ore mining venture with BHP Billiton Ltd. and agree on more favorable terms for Rio, Barclays Capital said.

A planned $5.8 billion payment by Australia’s...

Growth in China’s industrial sector is always getting the attention of mining companies, because the growth of industrial sector affects the growth of the global industrial sector.

Growth in demand for raw...