Mining and commodities trader giant Glencore (LO:GLEN) became Monday the top shareholder of troubled Australian junior miner Atlas Iron (ASX:AGO) after grabbing % of the company. The acquisition, valued at about million or per share, gives Glencore direct exposure to production of iron ore.
TroubledMining News: MMX Board Approves Lease, Possible Sale Of Corumba Iron Ore Mine, Kleven: Mou To Build Diamond Mining Ship, New Curved Jaw Flange
SYDNEY, Oct 22 (Reuters) Atlas Iron's quarterly iron ore output rose by 72 percent from the previous quarter when low ore prices forced it to suspend mining ...
Italy's troubled Ilva steel plant could attract bids from two foreign groups within days, industry sources said on Friday, holding out a lifeline to the lossmaking plant whose future is in doubt following an environmental scandal in 2012. FREE Download: The Monthly MMI® Report – covering Steel/Iron Ore markets.
Costcutting strategies being employed by junior miners to survive the crumbling iron ore ... Iron ore highgrading by junior miners ... a troubled 12 months and ...
London, July 28 : Tata Steel is eyeing the Indian iron ore assets of Stemcor, the troubled steel trader owned by the family of Margaret Hodge, the British Labour MP.
BC Iron also felt the pressure of low iron ore prices in the December half, posting a pretax loss of million after receiving an average price of A58/t. FMG, thanks to high volumes and falling costs, posted a December half pretax profit of billion and forecast that costs would fall from /t to a target of US13/t – the lowest of .
Chinese Company Dupes African Minerals ... Has iron ore from this troubled West African country facing stigma and refusal by the international market to place ...
Iron Ore Mines Struggling to Keep Head Above Water Chadormalu Industrial and Mining Company must pay an aggregated 565 million in mining royalties and usufruct to the government for the 201316 period, says managing director of the company.
Chinese iron ore futures fell nearly 5 per cent on Friday in a selloff triggered by a sharp retreat ... ChinaBased Corporate Web Behind Troubled Africa Resource ...
The mood has shifted at the recent China International Steel and Iron Ore conference, with smiles and even laughter from participants during the event.
Because coal was much more abundant and so much of it needed to be burned in smelting, the iron and steel industry in almost every country grew up near coal fields and imported iron ore. In the 1860s, the scarcity of usable iron ore drove the biggest German and Belgian metallurgical producers to obtain mining concessions in Spain.
Iron ore major Vale says the proposed big hike in Brazilian iron ore royalties threatens its high cost mines and hurt its ... TROUBLED ATLATSA LOSS BLOWS OUT TO ...
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Indebted Brazilian mining giant Vale opened its largest iron ore mine ever this week, and is pushing ahead with agreements to restart its troubled Samarco operation. The Samarco joint venture with BHP Billiton was the site of a deadly dam break last year that has resulted in lawsuits.