at the very Core of it all … is Content!
Rio Tinto chief executive Sam Walsh said “Rio Tinto has started the year with a series of performance records as we continue to drive productivity gains across our operations. Our Pilbara iron ore business has again set new benchmarks for production, shipments and rail volumes for the first quarter and we are well on track …
Iron Ore Handling has commenced at Mormugao Port. This followed easing of the ban by the Supreme Court on the sale of iron ore which has already been mined while continuing the ban on extraction of Ore. The Mechanical Ore Handling Plant of Mormugao Port is highly versatile capable of loading a Panamax size vessel …
Rio Tinto chief executive Sam Walsh said “These are excellent fourth quarter operational results, demonstrating continued delivery on our commitments. We have set new records for iron ore production and shipments as we ramp up our 290 expansion, as well as achieving an impressive recovery in copper volumes and record annual production for both bauxite …
EVRAZ plc (LSE: EVR) (“EVRAZ” or the “Company”) announces that it has signed a binding agreement for the sale of its wholly-owned subsidiary EVRAZ Vysokogorsky Iron Ore Mining and Processing Plant (“VGOK”) to NPRO URAL for US$20 million consideration, calculated on a debt free basis (the “Consideration”) (the “Transaction”). In addition, EVRAZ has agreed to …
Rio Tinto has achieved the significant milestone of loading the first shipment of iron ore from its expanded port, rail and mine operations in Australia. This marks the commencement of commissioning of the expansion programme, which will see overall capacity for Rio Tinto’s iron ore operations in Western Australia increase to 290 million tonnes a …
Around the world, when the growth stories of China and India are recounted, Indians routinely take pride in singing paeans to our democratic order, claiming that our growth is much more surefooted. Perhaps, but look what the same democracy is doing to us now. With the economy attacked on both the domestic and international fronts, …
BHP Billiton today announced an extension of its long term joint venture relationship with ITOCHU Corporation (ITOCHU) and Mitsui & Co., Ltd. (Mitsui). Under the terms of the agreement, ITOCHU and Mitsui will invest approximately US$0.8 billion and US$0.7 billion respectively in shares and loans of BHP Iron Ore (Jimblebar) Pty Ltd, representing an eight …
Rio Tinto has reached a binding agreement to sell its Eagle project to Lundin Mining Corporation for an estimated US$325 million in cash. This transaction is expected to close in the third quarter of 2013 and is subject to regulatory approval. The Eagle project in the Upper Peninsula of Michigan in the United States includes …
Outotec to deliver technology for the iron ore pelletizing plant in China Outotec has agreed with Baotou Steel International Economic & Trading Co. Ltd on the design and delivery of an indurating furnace for a new iron ore pelletizing plant to be built in China. The contract price is not disclosed, but deliveries with similar …
Iron ore, trading near 16-month highs, may slump 54 per cent to the lowest level since 2009 as China boosts production and global supply climbs, said UBS. Rates may tumble to $70 a ton in the three months ending September after trading between $130 and $160 through June, Sydney-based commodity analyst Tom Price said today. …