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Ferrous Metals
 
IRON-ORE

Tawana adopts tight fiscal regime as iron-ore prices slump

0 COMMENTS
Junior iron-ore developer Tawana Resources is instituting a number of cost-cutting measures in the development of its Mofe Creek project, in Liberia, as iron-ore prices tumbled to a five-year low. The ASX-listed company said on Tuesday that it...
16th September 2014
 
 
IRON-ORE

As mining curbs bite, India offers market to glut-hit iron-ore

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An oversupplied global iron-ore market may find some relief from an unlikely source as former No.3 exporter India turns into a big importer due to a cutback in domestic production. The country may ship in up to 45-million tonnes over the next...
16th September 2014
 
 
MANGANESE

Nayega manganese mining permit award expected in Q4

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Aim-listed iron-ore and manganese developer Ferrex expected the mining permit for its Nayega manganese project, in Northern Togo, to be awarded during the fourth quarter of the year, MD Dave Reeves said on Monday. He noted that the definitive...
15th September 2014
 
 
IRON-ORE

Northern Iron warns ‘viability threatened’ in current price environment

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ASX-listed Northern Iron has warned that the company’s viability was in jeopardy, given the current iron-ore price environment. The miner told shareholders on Monday that during the first half of 2014, the company had undertaken a number of...
15th September 2014
 
 
CAPITAL RAISING

Arrium raises cash to repay debts

0 COMMENTS
Diversified mining and materials company Arrium on Monday announced plans to raise around A$754-million through a renounceable entitlement offer and a placement to institutional investors. The one-for-one pro-rata accelerated entitlement offer...
15th September 2014
 
 
IRON-ORE

Sundance appoints successor for Jones

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Iron-ore developer Sundance Resources has appointed Wal King to succeed chairperson George Jones, who would retire at the conclusion of the company’s annual general meeting on November 29. King was appointed to the Sundance board as nonexecutive...
15th September 2014
 
 
IRON-ORE

Brazil's Vale signs iron-ore shipping deal with China's Cosco

0 COMMENTS
Brazilian miner Vale reached a deal with China Ocean Shipping Co (Cosco) for transporting iron-ore, a move that could help the Brazilian miner resolve a costly two-year ban on docking its mega-ships at Chinese ports. Vale said in a statement that...
12th September 2014
 
 
STEEL

Davies confirms plans for Chinese steel project in Limpopo

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Trade and Industry Minister Dr Rob Davies Trade and Industry Minister Dr Rob Davies confirmed on Friday that the Hebei Iron and Steel Group, of China, was set to partner with the State-owned Industrial Development Corporation (IDC) on the development of steelmaking capacity based on the...
12th September 2014
 
 
 
 
 
 
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