Tag: iron-ore

Eldorado (NYSE:EGO) Begins Iron Ore Shipments from Vila Nova

Already one of the top gold miners as measured by low costs, Eldorado Gold (NYSE:EGO) has launched its first shipment of iron ore from its Vila Nova Mine in Brazil, which could help lower gold production costs even more for the company.The first shipment included 45,000 tons of lump ore grading approximately 63% Fe, which was sold to the Chinese spot market, according to a press release from the

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Morgan Stanley (NYSE:MS) Raises Gold Projection for 2011

As gold prices continue to break records on a weekly basis, projections continue to rise based on a number of factors, and Morgan Stanley (NYSE:MS) has raised its forecast for gold prices in response. Morgan Stanley, “Accelerating weakness in the U.S. currency, driven by fears of renewed quantitative easing to confront sluggish U.S. growth, is proving to be a boon to commodity markets.” At a

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China Tian Yuan Mining plans up to $456 mln in HK IPO-source

Filed in Gold Investing, shares, yuan by on May 3, 2010 0 Comments

HONG KONG, May 4 – Chinese iron ore producer China Tian Yuan Mining Ltd plans to raise up to $456 million in a Hong Kong initial public offering, according to a term sheet obtained by Reuters on Tuesday. Tian Yuan is selling 600 million new shares China Tian Yuan Mining plans up to $456 mln in HK IPO-source

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Indias Global Steel eyes stake in N. Korean mines-paper

Filed in Gold Holdings, Gold Investing by on April 4, 2010 0 Comments

NEW DELHI, April 5 – Pramod Mittal, chairman of privately-held Global Steel Holdings, is negotiating with the North Korean government for a stake in the country’s Musan iron ore mines, The Economic Times newspaper reported on Monday. Global Steel Indias Global Steel eyes stake in N. Korean mines-paper

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Rio eyes continued China demand

Filed in Gold Holdings, Gold Investing by on March 16, 2010 0 Comments

Mining firm Rio Tinto has said that China’s demand for iron ore, copper, coal and aluminium will increase dramatically during the next 15 years.The Anglo-Australian mining company then expects India to become the biggest consumer of such resources . Rio eyes continued China demand

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Brazil May Tax Ore Exports as It Seeks More Steelmaking at Vale

Filed in Gold Holdings by on February 8, 2010 0 Comments

Brazil, the world’s second-biggestexporter of iron ore, may start taxing foreign sales of thematerial in a bid to goad companies into building more domesticsteel plants, Energy and Mining Minister Edison Lobao said. Brazilian President Luiz Inacio L Brazil May Tax Ore Exports as It Seeks More Steelmaking at Vale

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BHP names new iron ore head as Rio ventutre nears

Filed in Gold Holdings by on February 7, 2010 0 Comments

SYDNEY, Feb 8 – World No. 3 iron ore miner BHP Billiton Ltd/Plc named Chris Campbell as president of its iron ore business to replace Ian Ashby, the company said on Monday. Ashby will been named chief executive of the pending Western Australia iro BHP names new iron ore head as Rio ventutre nears

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C:NYSE: BHP Profit Forecasts Raised by Citigroup UBS on Iron Ore

Filed in Gold Holdings by on January 20, 2010 0 Comments

BHP Billiton Ltd. profit forecasts were raised by Citigroup Inc (C:NYSE). and UBS AG after the world’s biggest mine operator boosted iron ore sales at market prices, curbing its reliance on annual rates negotiated with clients. Citigroup increased i C:NYSE: BHP Profit Forecasts Raised by Citigroup UBS on Iron Ore

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Rio iron ore output soars ups ante for prices

Filed in Gold Holdings, Gold Investing by on January 14, 2010 0 Comments

TODAY In Ferrous Metals › #tagcloud {width:160px;height:60px;line-height:15px;padding:0 2px 0 0;margin:0 15px 0 0;}#tagcloud span{font-family:Georgia, Times New Roman , Times, serif;color:#a01e1e;text-decoration:none;}#tagcloud a:link, #tagcloud a:v Rio iron ore output soars ups ante for prices

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High profile Australian mining figure Forrest cleared of misleading investors

Filed in Gold Holdings, Gold Investing by on December 23, 2009 0 Comments

Australia’s big new iron ore miner Fortescue Metals Group Ltd would have breathed a sigh of relief today when a Federal Court judge in Australia cleared the company’s chief executive Andrew Twiggy Forrest of having misled investors.The long awaite High profile Australian mining figure Forrest cleared of misleading investors

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Rio Tinto BHP Billiton sign binding agreement

Filed in Gold Holdings, Mining companies by on December 5, 2009 0 Comments

LONDON — Mining companies Rio Tinto PLC and BHP Billiton Ltd. said Saturday that they have signed binding agreements to combine their Western Australian iron ore assets. A joint news release said each company would take a 50 percent stake, and th Rio Tinto BHP Billiton sign binding agreement

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C:NYSE: Fortescue to Approve $2.6 Billion Ore Expansion Citigroup Says

Filed in Gold Holdings by on November 29, 2009 0 Comments

Fortescue Metals Group Ltd., Australia’s third-biggest iron ore producer, may shortly approve a A$2.8 billion ($2.6 billion) expansion of its Cloud Break mine in Western Australia, Citigroup Inc (C:NYSE). said. The expansion will boost the project’s C:NYSE: Fortescue to Approve $2.6 Billion Ore Expansion Citigroup Says

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