World’s biggest miner pulling in its horns

The world’s biggest mining company is pulling in its investment horns. BHP Billiton chairperson Jac Nasser says that the investment climate has changed since the company spoke of spending $80-billion on project growth by 2015. “As much as...

Light turns amber for iron-ore investment – BHP Billiton

The light has turned amber for additional investment in iron-ore production, but it remains green for investment in copper, says the world’s biggest diversified mining company. A lower rate of growth is on the way in China’s demand for global...

Cliffs Q1 profit down 11% as mining, transport costs spike

Iron-ore and coal producer Cliffs Natural Resources on Wednesday reported an 11.1% drop in profit for the first quarter to $376-million, or $2.63 a share. This was the result of increased mining and transportation costs, which spiked by 85% to...

Coking coal demand seen at 115 Mt/y by 2015 as Asian consumption rises

By 2015, the demand for coking coal will have increased by 115-million tons a year as a result of increased consumption requirements from Asia, predicts consulting engineering and project management company Hatch Africa director for coal Gerrit Lok.

Long-term iron-ore outlook positive, Kumba asserts

The outlook for global iron-ore demand was likely to improve over the medium- to long-term, Anglo American’s Kumba Iron Ore CEO Chris Griffith said on Thursday. Global demand for iron-ore would remain dependent on steel manufacturing in China,...

Company Announcement: The Market for Smelting Works and Rolling Mills is picking up International Demand for German Tube System Technology

At an international level, the machinery and plant manufacturing sector was amongst those branches of industry affected most by the financial and economic crisis 2009. After overcoming the crisis, partial areas of the sector proved to be driving...

RCR sees 2012 downward price pressure on iron-ore

Iron-ore prices would be under downward pressure in 2012, as additional supply entered the market and global demand growth weakened, Sydney-based Resource Capital Research (RCR) said in a note on Wednesday. The iron-ore spot price at around...

Company Announcement: Stainless production rises in the first half of 2011 but results are mixed

Preliminary figures released by the International Stainless Steel Forum (ISSF) show that stainless steel crude steel production increased in the first half of 2011 by 3.8% compared to the same period of 2010.

BHP reports record results for 2011

Mining giant BHP Billiton has reported record results for the year ended June, with revenue surging by 35.9% to reach more than $71.7-billion. The underlying earnings before interest, tax, depreciation and amortisation also increased by a...

Quarterly iron-ore prices expected to remain stable in 2011

The iron-ore market, which moved to quarterly contracts in the second quarter of the year, has stabilised, following a period of volatility after the global financial crisis and the collapse of the yearly benchmark pricing system. The quarterly...

Bad weather hits OM Holdings’ manganese production

ASX-listed manganese-miner OM Holdings’ (OMH’s) production dropped by 5% to 174 712 t in the March quarter, compared with the 184 242 t during the December quarter. However, production was up when compared with the March 2009 quarterly output...

KIO’s export sales surged by 9,3-million tons in 2009

The world’s fourth-largest iron-ore producer, Kumba Iron Ore (KIO), has recorded a 9,3-million-ton increase in its export sales.