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May 2012
24 May 2012
First-quarter West Coast slab imports appear to reflect growing supply roles by the owners of the region’s only two significant buyers of the product, California Steel Industries Inc. (CSI) and the Portland, Ore., rolling mill of Evraz Inc. North America.
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24 May 2012
About 4,800 Canadian Pacific Railway workers went on strike Wednesday, but union and company representatives are continuing to negotiate.
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24 May 2012
Labrador Iron Mines Holdings Ltd. (LIM) transported its first shipment of iron ore five months earlier than it did last year.
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22 May 2012
The Guinean government has granted junior miner Bellzone Mining approval to start commercial production and exporting at its joint-venture Forecariah iron ore mine at the Yomboyeli site in the country, the company said on Tuesday May 22.
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22 May 2012
Brazilian pig iron producer Viena has denied allegations of collusion with slave labour and illegal deforestation made by Greenpeace, as a protest against the pig iron industry by the environmental pressure group enters a second week.
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21 May 2012
The Mediterranean Shipping Company (MSC) will raise container freight rates on the Europe-to-Asia outbound route with effect from June 1, the company said on Friday May 18.
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16 May 2012
Maersk Line, the shipping arm of the Danish group Maersk, is aiming to improve container rates throughout this year, it said in its first quarter 2012 results on Wednesday May 16.
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11 May 2012
After Indonesia’s ban on mineral ore exports earlier this month, market participants have questioned how the ban will be enforced and how strong the government’s resolve will be in blocking the flow of nickel ore into China as it pushes to extract more value from its resources.
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10 May 2012
South African anthracite miner Strategic Natural Resources (SNR), owner of the first mine in the Eastern Cape's coal fields, is scheduled to deliver its first consignment to a “big name company” in Brazil by the end of the year, ceo David Nel said.
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08 May 2012
Canada’s Inmet Mining has unveiled an engineering and financing plan for its $6.18 billion copper project in Panama, entitled Cobre Panama.
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08 May 2012
Goldman Sachs and JP Morgan will both have to divest their warehousing subsidiaries by 2020 under the US Bank Holding Company Act.
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07 May 2012
A total of 14.84 million tonnes of iron ore was shipped to China from Australia’s Port Hedland in April, up by 6% from the levels seen in March, according to data released by the Port Hedland port authority on Monday May 7.
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03 May 2012
Gerdau is to increase its iron ore production capacity by nearly 80% over the next couple of years, in a move that will see it start selling the steelmaking raw material in the market.
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03 May 2012
Brazil-based Gerdau has been studying the feasibility of building a seaport terminal in Rio de Janeiro state which could have capacity to export as much as 70 million tpy of iron ore and unload 10 million tpy of coal.
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April 2012
30 April 2012
Vale has been reviewing its planned $5.9 billion Rio Colorado fertiliser project in Argentina as it is “very concerned” about the political and economic situation in the Latin American country.
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30 April 2012
Prices at UK docks for intermerchant ferrous scrap fell on Friday April 27 as increased freight costs to India weighed on domestic prices at the docks in Liverpool, merchants told Metal Bulletin on Monday April 30.
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27 April 2012
Russian private freight operator Globaltrans has agreed to buy the transport unit of Russia’s largest iron ore producer, Metalloinvest, for $540 million, the companies said in a joint statement on Friday April 27.
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26 April 2012
The Port of Antwerp in Belgium handled 46.3 million tonnes of freight in the first quarter of 2012, down by 2.2% compared with the same period last year, according to a statement on Thursday April 26.
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26 April 2012
Does anybody remember the television series Battlestar Galactica, in which interstellar refugees would mine hard-to-find minerals and metals from asteroids that they would pass in their search for planet Earth?
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20 April 2012
In a move with implications for the steel industry, the House Appropriations Subcommittee for Energy and Water has allocated a record $1 billion to dredge and maintain US ports.
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20 April 2012
Australia-based Sundance Resources has received the go-ahead from the Republic of Congo’s minister of mines to develop and mine iron ore at its Nabeba iron ore project.
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20 April 2012
Brazilian mining company Bemisa is going ahead with an iron ore project in the country’s northern Piauí state.
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20 April 2012
Coal of Africa (CoAL) needs more than $540 million in finance to back its continuing transformation from junior to producing miner, ceo John Wallington told Metal Bulletin.
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19 April 2012
The Bureau of International Recycling (BIR) has sent a letter to the European Commission and the Italian environment minister after learning about amendments to Italy’s waste-shipping regulations, which could see exports from the country curbed.
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19 April 2012
Fortescue Metals Group (FMG), the third-largest iron ore producer in Australia, shipped 12.6 million tonnes of iron ore during the first quarter of 2012, down by 15% from the previous quarter due to adverse weather conditions.
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18 April 2012
US coal miner Xcoal Energy & Resources aims to export 8 million tonnes of coking coal to China in 2012, its ceo told Metal Bulletin.
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17 April 2012
Chartering rates on Tuesday April 17 for vessels carrying iron ore on the main freight routes to China posted gains from late March, according to a report published by brokerage firm GFI.
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17 April 2012
Price spreads for hot rolled coil (HRC) imported into the Gulf Co-operation Council nations (GCC) widened this week as modest demand weakened traders’ negotiating positions.
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17 April 2012
Rio Tinto, the world’s second-largest iron ore miner, has reported global output of 45.64 million tonnes during the first quarter of 2012, down by 11% compared with production in the December quarter of 2011.
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17 April 2012
Nickel producers in the Phillipines have said that they will not be able to meet any shortfall in nickel ore supply resulting from Indonesia’s May 6 export ban.
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13 April 2012
The London Metal Exchange has had three warehouses in Tekirdag in Turkey delisted by warehousing companies as the nearby port is no longer operating.
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12 April 2012
Brazilian iron ore major Vale’s exports to Asia would “justify” 100 of the miner’s mega-ore carriers, a spokeswoman at the company told Metal Bulletin on Thursday April 12.
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12 April 2012
The UN Security Council could scupper ThyssenKrupp's deal to build two Algerian warships to "curb exports to unethical countries”, Metal Bulletin was told.
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12 April 2012
The lack of container space on eastbound vessels from northern Europe has hit the UK scrap market particularly hard, with reports of shipping lines reneging on bookings made by UK scrap exporters to Asia.
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12 April 2012
London-based shipping and brokerage firm Clarkson Securities has seen its iron ore swaps brokerage team shrink to one-quarter of its former size after three brokers from its London and Hong Kong offices left the company.
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12 April 2012
Total aluminium inventories at the three major Japanese ports fell 7.3% month-on-month to 245,100 tonnes at the end of March, trading house Marubeni Corp said on Wednesday April 11.
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12 April 2012
Spot nickel ore prices in Chinese have begun to slip this week, after going unchanged for nearly two months, due to weak demand and increased supply.
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11 April 2012
Sierra Leone-focused miner African Minerals has reduced its iron ore sales forecast for 2012 by 5 million tonnes to 10 million tonnes, on the back of uncertainty over rail development plans and weather constraints as it ramps up production at its Tonkolili project.
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10 April 2012
Ocean shipping lines to Asia are seeking their second container freight hike in 45 days.
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10 April 2012
Great Lakes freighters carried more than 1.54 million tons of iron ore in March, down 13.2 percent from nearly 1.78 million tons in the same month last year, according to the Lake Carriers Association, but last month’s shipments were 3.9 percent higher than the five-year average for March of just under 1.49 million tons.