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

Cliffs Natural Resources Inc., North America’s largest iron-ore producer, said it’s still in talks with customers about how they will pay for the steelmaking raw material after a four-decade-old annual price system ended.

Changes to the pricing of iron ore and coking coal are “resulting in a more fluid and uncertain near-term pricing environment for these commodities,” the Cleveland-based company said today in a statement.

NMDC Ltd., India’s biggest iron-ore producer, has teamed up with ABS Consulting of Saudi Arabia and Boulder Steel Ltd. to make a $230 million bid for a stake in an Australian iron-ore project owned by Atlas Iron Ltd.

A non-binding offer has been pitched to Atlas Iron for a 70 percent stake, which may be the Ridley project in Western Australia, the Economic Times reported, citing a person it did not name.

An international consortium that includes India’s biggest iron-ore producer, National Mineral Development Corporation (NMDC), has made a $230-million bid for a 70 per cent stake in a mine owned by Australia’s junior miner Atlas Iron Limited.

Iron ore producers in India reducing iron ore trade transactions recent weeks, because the iron ore producers wait for a decision setting the iron ore export duty issued by the Indian...

China steel company leadership prepared to have a meeting with the mining company’s largest iron ore supplier to determine the...