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India: Goa Govt Announces Base Price for 22nd Iron Ore E-auction

26 August 2019 - 18:48
Directorate of Mines & Geology (DMG), govt. of Goa has notified base price of iron ore lots for 22nd e-auctions which is to be held tomorrow (i.e. 22nd Aug’19). Total quantity put for auction is 5.341 MnT with base price ranging from INR 300- 500/MT.

China traders cut back Iran iron ore purchases ahead of tariff hike

21 September 2019 - 23:32
China has taken fewer shipments of iron ore from Iran over August and September, according to Refinitiv Eikon data, as additional export tariffs due to be imposed by Tehran have dampened risk appetites in the world’s biggest steelmaker.

Billionaire Friedland-backed miner picks up iron ore deposit in Guinea

6 September 2019 - 19:48
Billionaire Robert Friedland-backed High Power Exploration (HPX) has secured rights to develop a massive iron ore deposit in Guinea left undeveloped for years by its previous owners.

China develops taste for high-grade iron ore as coastal furnaces fire up

5 September 2019 - 14:14
China's demand for iron ore pellets and high-quality ore is expected to accelerate in 2020 as a result of Beijing's push to shift dozens of steel mills to coastal regions in its battle to stop smog blanketing industrial cities.

How Iron Ore Was Processed after Mining

5 September 2019 - 14:06
Iron ore is an important raw material for iron and steel production enterprises.

Goa 22nd Iron Ore E-auction: Vedanta Remains the Largest Bidder

3 September 2019 - 14:45
As per the recent updates received, the 22nd Goan iron ore e-auction held on 22nd and 23rd Aug’19, received bids for only 39% (i.e 2.06 MnT) out of total offered quantity of 5.34 MnT. Rest 3.28 MnT iron ore remained unsold.

Pollution curbs, iron ore prices lift China’s scrap use

28 August 2019 - 19:43
China's ferrous scrap consumption totalled 101.1mn t in this year's first half, up by 15.3pc from a year earlier on the back of higher scrap feed in the basic oxygen furnaces (BoF) of blast furnace-based steel mills.

Odisha's Essel Mining Cuts Iron Ore Prices - Sources

28 August 2019 - 18:42
Essel Mining - a major iron ore mine in Odisha has reduced its offers for iron ore lumps by INR 200/MT (USD 3/MT). Revised prices will come into effect from 24 Aug'19. However revision in fines was heard around INR 150/MT.

India: NMDC to Auction 40,000 MT Iron Ore from Chhattisgarh Mines

27 August 2019 - 16:58
India's largest iron ore miner - National Mineral Development Corporation (NMDC) is going to conduct an e-auction of 8,000 MT lump ore, 8,000 MT ROM, 8,000 MT DRCLO and 16,000 MT iron ore fines.

Fortescue triples profit, sees strong China demand

26 August 2019 - 23:43
Iron ore miner Fortescue Metals Group on Monday posted a record profit and bumper dividend, and said it was still seeing solid demand growth despite trade tensions between China and the United States.
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