Tag: iron ore

• Wednesday, May 9th 2012 - 19:14 UTC

  India’s ambitious project to mine 20bn tons of iron ore in Bolivia at risk

  

  India’s Jinda Steel & Power's ambitious Bolivian project to mine 20 billion tons of iron ore is at risk after the Bolivian government encashed yet another 18-million dollars bank guarantee from the Indian firm for not meeting contractual terms.

• Saturday, April 28th 2012 - 05:26 UTC

  Brazil leading mining corporation reassessing its long term iron-ore reserves

  

  Brazilian leading mining company Vale SA is “facing one of the toughest periods in our history as far as reserves are concerned,” a company executive said Thursday.

• Wednesday, November 23rd 2011 - 20:23 UTC

  Weaker currency helps Brazil recover strong trade surplus

  

  Brazil posted a trade surplus of 2.355 billion dollars in October, beating forecasts for a third straight month, outpacing imports in the final days of the month following a recovery in global commodities prices.

• Monday, October 17th 2011 - 04:16 UTC

  BHP Billiton plans to invest heavily in Brazilian iron ore extraction

  

  BHP Billiton , the world's biggest miner, is close to launching a £2-billion-pound bid for Brazilian iron ore miner Ferrous Resources, the Sunday Times reported. The newspaper, without citing sources, said talks between BHP and Ferrous Resources started earlier this year and had stepped up in recent weeks.

• Monday, July 25th 2011 - 21:01 UTC

  China determined to break the grip of the three major global iron ore miners

  

  China, the world's largest steelmaker and iron ore consumer, has set a target of dramatically increasing ore imports from Chinese-invested resources in the steel industry's 12th Five-Year Plan (2011-2015), an industry official said.

• Wednesday, May 25th 2011 - 22:49 UTC

  Brazil’s Vale to invest 2.9bn USD in the country’s largest port by volume

  

  Brazil’s Vale Doce, the world’s biggest iron-ore producer, said it will invest 2.9 billion US dollars to increase the capacity of the Ponta da Madeira terminal in northern Brazil, making it the largest port in the country by volume.

• Tuesday, April 5th 2011 - 08:53 UTC

  Brazil’s Vale yields to government pressure names new CEO

  

  Brazilian mining giant Vale, the world's biggest producer of iron ore, has chosen a new chief executive. Former Vale executive Murilo Ferreira will return to the company on 22 May.

• Friday, February 25th 2011 - 06:20 UTC

  Record profits for world’s largest iron ore producer on China’s insatiable demand

  

  Brazilian mining giant and the world’s largest iron- ore producer Vale SA said its fourth-quarter profit almost quadrupled, because of surging prices for the raw material used to make steel.

• Monday, February 14th 2011 - 21:10 UTC

  Indian company to begin Bolivian iron-ore exports; a million tons the first year

  

  India’s Jindal Steel & Power plans this year to export 1 million tons of iron ore concentrate from Bolivia’s El Mutun mine, the firm said. Following on some problems that have been overcome, exports will begin in March reported Jindal Bolivia’s communications manager, Eduardo Prudencio.