Iron ore, copper prices jump on upbeat economic forecasts
Commodity bulls got a hold of the two biggest mining markets on Tuesday providing both copper and iron ore a more than 3% boost in price after upbeat news from top consumer China and forecasts of strong growth in the US.
Rio Tinto set to quit Guinea iron ore project with sale to Chinalco
Rio Tinto (RIO.AX)(RIO.L) has signed a preliminary deal to sell its stake in Guinea’s Simandou project to Chinalco (3668.HK), it said on Friday, injecting impetus into the long-stalled scheme to develop the world’s largest untapped iron ore reserves.
$60 iron ore price see Australia, Brazil lose market share
The import price of 62% Fe content ore at the port of Tianjin jumped back above $60 per dry metric tonne level on Friday according to data supplied by The Steel Index.
Who’s worse off than iron ore miners? Coking coal miners: Russell
China’s import volumes of iron ore and coking coal are looking increasingly disconnected despite the price of both steel-making ingredients tumbling.
Iron ore price: Closing marginal producers not enough
The iron ore price managed a small gain on Thursday with Northern Chinese import prices stabilizing around the $70 a tonne level.
Iron ore price plummets on Chinese black swan talk
The iron ore price plummeted again on Tuesday with Northern Chinese import prices including freight and insurance dropping 3.5% to $65.60 a tonne, down more than 50% this year to levels last seen May 2009.
Australia cuts iron price forecast 33% on ‘structural change’
The iron ore price fell back to five-and-half-year lows on Monday as weak demand from top consumer China and a surge in supply continue to weigh on the industry.
Iron ore massacre: below $70 for first time in five years
Iron ore prices dipped below $70 Tuesday for the first time since 2009 as the world’s top producers continue to boost supply and Chinese demand weakens.
Iron ore price crashes to $100 on China steel crisis
Benchmark iron ore fell 2% on Thursday to its lowest level since September 2012 when the steelmaking raw material spent two weeks below $100 a tonne.
Iron ore, coking coal miners must start looking outside China for growth
The price of iron ore eked out a slight gain, but remained just off 6-months lows on Wednesday, as prospects for the Chinese steel industry continue to darken.
Haranga Resources awarded pre-mining contract for Selenge iron project, Mongolia
Haranga Resources (ASX: HAR) has been awarded a pre-mining agreement with the Mineral Resource Authority of Mongolia for its 80% owned Selenge Iron Ore Project.
Haranga Resources’ drilling confirms new iron ore discovery in Mongolia
Haranga Resources (ASX: HAR) has received final assays from drilling at its Selenge iron ore project in Mongolia which confirm the new Undur Ukhaa discovery and extend mineralisation at the Dund Bulag Prospect.
China eyes 60% of total steel capacity by 2015
China, the world’s largest steel producer, aims to bring around 60 percent of total steel capacity under the control of its top 10 steel mills by 2015 as part of a wide-ranging plan to restructure its industries.
FeOre awarded mining licence for second Mongolian iron ore project
FeOre (ASX:FEO) has been awarded a mining licence for its Dartsagt iron ore project in Mongolia’s Dornogovi Province.
China bulls chase iron ore 25% higher in just two weeks
Iron ore prices continued its strong rally on Tuesday, adding $4.50 or 4.3% to $109.60 a tonne after a record-setting 5.7% jump on Friday according to data supplied by SteelIndex.
FeOre achieves 62% iron grade concentrate in Ereeny Project study
FeOre (ASX: FEO) has demonstrated that its Ereeny Project in Mongolia is capable of producing a 62% iron grade concentrate following the completion of a process and processing facility study.
Iron ore testing $110 support as Chinese steel contracts drop to record low
Iron ore prices dropped again to fresh multi-year lows on Friday with the benchmark import price of 62% iron ore fines at China’s Tianjin port down 1.5% to $110.20 a tonne.
Mongolian miner aims to strike gold in float
Mongolia-based iron-ore miner Altain Khuder is reportedly seeking to raise as much as HK$7.8 billion via an initial public offering in Hong Kong this year. Its major asset, the Tayan Nuur mine, is close to the mainland border and started exports in 2009. And in 2008, Altain Khuder signed a 15-year contract with the Xinjiang [...]