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May 2012
24 May 2012
Sales at Severstal’s resources division were down by 9% in the first three months of 2012, compared with the previous quarter, on lower iron ore and coking coal demand both in Russia and globally, the company said on Thursday May 24.
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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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23 May 2012
Revenue at Ukraine’s largest steel and iron ore producer, Metinvest, was flat for the first quarter of 2012, compared with the corresponding period last year, the company said on Wednesday May 23.
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23 May 2012
Chinese tungsten concentrate with 65% metal content production moved down by 8.2% month-on-month in April to 12,411 tonnes, remained 15% higher year-on-year, according to figures from National Bureau of Statistics (NBS).
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23 May 2012
Gujarat NRE Coking Coal is looking to produce more than 5 million tpy of coking coal by 2016.
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23 May 2012
BHP Billiton’s decision to restart production at its Tasmanian Electro Metallurgical Co. (Temco) manganese alloy operation in Australia could crimp US prices later this year.
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22 May 2012
Baosteel Stainless, one of China’s largest stainless steel producers, lifted its ferro-chrome prices this week in line with an improved market sentiment.
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22 May 2012
Australia-listed Attila Resources has locked in an option to buy a 70% stake in Kodiak Mining Company, which owns a hard coking coal mine in the USA, the company said on Tuesday.
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22 May 2012
BHP Billiton will restart its Temco manganese alloy plant in Tasmania, after a 90-day review concluded the smelter can still make money.
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21 May 2012
China’s Wintime Energy plans to acquire a 65% stake in Kangwei Group in a further move to capitalise on rising demand for coking coal.
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21 May 2012
Chinese stainless steel mills and traders are importing less ferro-chrome in the second quarter due to the huge gap between import and domestic prices, market sources told Metal Bulletin.
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21 May 2012
The new state government of Queensland, Australia, has slashed the expansion plans for the Abbot Point coal port, claiming the project was “unrealistic and undeliverable”.
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19 May 2012
US ferrosilicon prices are coming under pressure as sellers aggressively chase available business following a period of little activity.
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19 May 2012
US molybdenum prices have fallen as some sellers look to pare down stocks due to uncertainty about future demand as the market approaches the traditionally slower summer period.
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19 May 2012
Alpha Natural Resources Inc. has elected Kevin S. Crutchfield chairman of its board of directors.
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18 May 2012
A new South African coal terminal proposed by the country’s main freight logistics company, Transnet, could cut distribution costs and help ease bottlenecks at existing terminals, producers told Metal Bulletin this week.
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18 May 2012
South African thermal coal producer Continental Coal has secured an exclusive option to buy a 50% joint-venture interest in a hard coking coal mine in Colombia.
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18 May 2012
BHP Billiton’s Central Queensland coal mine workers will go on another seven-day strike across all the company's Bowen Basin mines from Thursday May 24, the miners’ union said.
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18 May 2012
India’s industrial conglomerate Hindujas Group is seeking a strategic investor for its domestic mining business to exploit major opportunities that may arise once the New Delhi government implements plans to reduce the bureaucracy surrounding mining authorisation.
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17 May 2012
BHP Billiton has a ready capacity to sequence spending on its Olympic Dam open pit copper-uranium project in South Australia, analysts said.
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17 May 2012
BHP Billiton chairman Jacques Nasser told reporters in Australia this week that the company will not be spending the $80 billion to develop and expand projects over the next five years that was outlined last year.
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17 May 2012
USA-based Arch Coal agreed a new $1.4 billion term loan that was increased from the $1 billion previously announced due to strong investor interest, the company has confirmed.
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17 May 2012
China’s imported iron ore market remained downbeat on Thursday May 17, as weak steel prices saw little buying activity.
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17 May 2012
Central European coal producer New World Resources (NWR) sold 1.29 million tonnes of coking coal in the first quarter of 2012, the company said on Wednesday May 16.
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17 May 2012
Taigang Stainless, China’s largest stainless steel producer, unexpectedly announced to start their June ferro-chrome purchase this morning, two weeks ahead of its usual buying time.
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17 May 2012
New emissions standards for ferroalloys producers could significantly impact the industry, lawmakers told the US Environmental Protection Agency, echoing concerns of domestic manganese alloy producers.
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16 May 2012
Brazil’s MPX, a sister company of iron ore producer MMX, is to create a new company to develop a ‘gigantic’ coal mine in Colombia that is expected to cost $5.5 billion, including the construction of a 150km railway and a port.
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16 May 2012
New York-headquartered TurkPower has completed the acquisition of the Zavyalov Square coking coal mine in the Toguchino coal field in western Siberia.
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16 May 2012
Chinese molybdenum concentrate prices fell again this week after sellers cut offers still further, with prices reaching their lowest level since June 2009.
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16 May 2012
Australian-listed African Energy Resources has discovered a new coal resource that could have coking-quality coal, close to two coal mines in Zambia.
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16 May 2012
China Molybdenum has won regulatory approval for a 3.646 billion yuan ($575 million) share listing on the Shanghai Stock Exchange.
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16 May 2012
DLA Strategic Materials offered 700 tons of low-carbon ferrochrome Tuesday under its basic ordering agreement (BOA).
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15 May 2012
Alpha Natural Resources Inc. has closed a metallurgical coal surface mine in Raleigh County, W.Va., and has no plans to reopen it.
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15 May 2012
Steel mills in northern China have cut their purchase prices for coke to reflect the drop in steel product prices.
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15 May 2012
The Mongolian government’s recent threats to suspend coking coal producer SouthGobi Resources’ mining and exploration activities have led some of its customers to cut orders.
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14 May 2012
Steel Authority of India (Sail) has signed a memorandum of understanding (MoU) with Mongolia’s ministry of mineral resources and energy to explore mine development and steel manufacturing opportunities in the land-locked country, the steelmaker said on Friday May 11.
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11 May 2012
London Mining’s coke production in Colombia “has been developing slowly and below expectations” due to continuing effects of bad weather related to the La Nina phenomenon.
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11 May 2012
China's ferro-alloys output decreased in April after two consecutive months of increases, as persistently weak market conditions prompted smelters to cut production.
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11 May 2012
Taigang Stainless, China’s largest stainless steel producer, has lifted its high-carbon ferro-chrome price for May, giving a lift to market sentiment.
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11 May 2012
The mining business of Russian steel and coking coal producer Mechel saw its earnings for 2011 jump by 37.9%, the company said on Thursday May 10.
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11 May 2012
The US iron and steel mill product trade deficit grew to $2.39 billion during the first quarter, up 69.6 percent from $1.41 billion in the same 2011 period, as a 31.2-percent gain in imports outpaced a rise of 13.4 percent in exports, according to Bureau of Economic Analysis data.
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10 May 2012
After four years of legal wrangling, SunCoke Energy Inc. and the city of Monroe, Ohio, may be close to reaching a settlement over the company’s nearby Middletown coke operations.
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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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10 May 2012
ArcelorMittal South Africa (Amsa) experienced a challenging quarter for its chemicals and coke business in the first three months of 2012 because of unforeseen ferro-chrome smelter closures, the company said on Thursday May 10.
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10 May 2012
Coal of Africa (CoAL) has been granted approval by the minister of mineral resources for the acquisition of Rio Tinto’s Chapudi coal project in South Africa, the company said on Thursday May 10.
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10 May 2012
Erdos Metallurgy Group (EMG), China’s biggest ferro-silicon producer, plans to expand its ferro-silicon capacity by 50,000 tpy to 650,000 tpy by the end of this year, a company source told Metal Bulletin.
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09 May 2012
Cliffs Natural Resources Inc. has selected Sudbury, Ontario, as the site for its proposed ferrochrome processing plant that will treat ore from the company’s chrome mine in northern Ontario.
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09 May 2012
The Australian government expects increasing global supply to weigh on iron ore and coal prices in the next two years, despite continued strong demand forecasts, according to its 2012-13 budget statement published on Tuesday May 8.
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09 May 2012
BHP Billiton will consolidate its aluminium and stainless steel materials units into a single business named aluminium and nickel, which it believes could benefit from economic development in emerging economies in the future, the diversified mining company said.
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09 May 2012
A federal court has rejected a motion by two ferrosilicon producers who claimed that the court does not have jurisdiction in a 19-year-old case involving allegations of price-fixing and the filing of fraudulent anti-dumping petitions.
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08 May 2012
DLA Strategic Materials has offered to sell 3,145.19 short tons of high-carbon ferromanganese from its Point Pleasant, W.Va., and Warren, Ohio, depots under its basic ordering agreement (BOA) format for May, about 10 percent less than it offered for April.
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08 May 2012
Patriot Coal Corp. has curtailed jobs and its production schedule in an effort to mitigate its recent string of losses.
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08 May 2012
Japanese conglomerate Mitsubishi saw income from its metals division tumble by ¥59.4 billion ($744 million) in the year to March 31, on the back of lower coking coal sales volumes from its Australian operations.
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08 May 2012
Indonesia’s ban on raw materials exports may prove ineffective because it is not backed up by new laws to regulate it, industry and government sources said.
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08 May 2012
Ships carrying nickel have not been allowed to leave the Indonesian island of Sulawesi since May 6, when a ban on exports of raw materials took effect.
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08 May 2012
Chinese ferro-chrome producers have raised offer prices since last week on steady May purchase prices from major stainless steel mills.
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08 May 2012
First Point Minerals Corp. has served notice of arbitration on subsidiaries of Cliffs Natural Resources Inc. over what it claims is "Cliffs’ refusal to provide First Point with information prepared by their consultants with respect to the Decar nickel-iron alloy project in British Columbia," First Point said.
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07 May 2012
DLA Strategic Materials sold 560 short tons of low-carbon ferrochrome in April at about $1.99 per pound (chrome contained), the highest sales price achieved this year, according to AMM calculations.
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07 May 2012
Australia’s Whitehaven Coal has offered to buy the remaining 82.7% stake that it does not own in coal explorer Coalworks for A$142 million ($145 million), the company said on Monday May 7.
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07 May 2012
South African iron and coal major Exxaro Resources could bring forward the start-up date of its Mayoko iron ore project in the Democratic Republic of Congo.
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07 May 2012
China Minmetals raised its May tungsten concentrate price by more than expected in an attempt to drive the market higher.
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07 May 2012
Earnings at USA-based coking coal miner Alpha Natural Resources bounced back quarter-on-quarter to a $222.1 million profit for the first three months of 2012, the company said on Thursday May 3.
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07 May 2012
Work on two Tanzanian iron ore and coal projects worth around $3 billion will start “very soon”, government officials told Metal Bulletin on Friday May 4.
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07 May 2012
South African coal and iron producer Exxaro has been given more time to decide on whether it will take up a 30% option in Coal of Africa’s (CoAL) Makhado project.
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05 May 2012
DLA Strategic Materials will not introduce to the market 104,000 tons of high-carbon ferrochrome and 46,000 tons of low-carbon ferrochrome released from a strategic reserve to its saleable stockpile.
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04 May 2012
Molybdenum prices in the US market have softened as spot activity has slowed.
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04 May 2012
Hotline’s favourite Australian mining magnate, Clive Palmer, will attempt to run for political office in Brisbane, Queensland, on behalf of the Liberal National Party.
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04 May 2012
The Indonesian ore export ban and mining export taxes for those companies that can export will most probably result in higher prices for Indonesian ores, as supply falls and sellers pass higher cost prices to buyers, sources told Metal Bulletin.
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04 May 2012
BHP Billiton is allegedly considering restarting its Norwich Park coking coal mine in Australia’s Bowen Basin with a new workforce, a major trade union said on Thursday May 3.
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04 May 2012
Indonesia is set to implement a mineral ore export ban and impose taxes starting May 6, a senior government official told Metal Bulletin.
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04 May 2012
Taigang Stainless has cut its high-grade nickel pig iron bid price for May deliveries by 6.5% compared with April’s price, tracking falling nickel prices.
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04 May 2012
China Molybdenum, which is planning to list on the Shanghai Stock Exchange this year, posted a 5% increase in first-quarter net profit.
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04 May 2012
Walter Energy Inc. will invest $1.2 billion in a large energy project spanning four counties in Alabama.
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03 May 2012
SunCoke Energy Inc. is pushing to further reduce coking coal costs even as earnings jumped 42 percent in the first quarter.
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03 May 2012
BHP Billiton raised its manganese ore prices for June shipment to China, but the increase was smaller than expected.
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03 May 2012
Threats made by Mongolia to suspend the mining and exploration activities of coking coal producer SouthGobi, after the miner announced the sale of a majority stake to a Chinese state-owned aluminium company, have cast doubts over the country’s attractiveness for investment in emerging resources.
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03 May 2012
Vale has appointed Roger Downey executive director of fertilisers and coal.
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03 May 2012
Russia’s Mechel has secured long-term loan facilities with Gazprombank to provide $500 million for two coking coal enterprises in the group’s Mechel Mining subsidiary.
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02 May 2012
Plant manufacturer Siemens VAI Metals Technologies will supply a pulverised coal injection (PCI) plant for the blast furnace at Sahaviriya Steel Industries (SSI) UK, according to a statement published by the Austrian company on Wednesday May 2.
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02 May 2012
Trading of molybdenum in the Chinese market was very thin this week, and most traders believe prices could drop again in the near term.
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02 May 2012
Steelmaker Rautaruukki has signed a long-term raw-materials contract with Severstal subsidiary Severstal Resources, the Finnish company said on Wednesday May 2.
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02 May 2012
Mexican manganese and ferro-alloy producer Minera Autlán has reported sales revenues of 844 million pesos ($64.9 million) for the first quarter of 2012, its lowest quarterly level since 2009.
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02 May 2012
Xstrata produced 1.4 million tonnes of coking coal from Australia in the first three months of 2012, down 300,000 tonnes from the corresponding period last year.
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02 May 2012
DLA Strategic Materials offered 700 tons of low-carbon ferrochrome Tuesday under its basic ordering agreement (BOA).
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02 May 2012
Weakness in the thermal coal market and higher operating costs wreaked havoc on Arch Coal Inc.’s first-quarter earnings.
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01 May 2012
Australian miner Gloucester Coal saw coking coal sales rise by 191% year-on-year in its third quarter ending on March 31, 2012, the group announced on Monday April 30.
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April 2012
28 April 2012
Vale’s and Aquila Resources’ Eagle Downs coking coal project in Queensland, Australia is expected to come on stream in the first half of 2016, according to Vale’s first quarter financial report.
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28 April 2012
Manganese alloy supplier Felman Trading Inc., Miami, Fla., is holding its prices steady for May, with the floor price for silicomanganese still at 80 cents per pound and high-carbon ferromanganese at $1,600 per long ton.
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27 April 2012
Low-carbon ferrochrome prices continue to rise, with producers unwilling to sell at lower levels over the past few weeks.
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27 April 2012
Consol Energy Inc. plans to restart its longwall mines in Virginia and West Virginia after successfully contracting the metallurgical coal produced at more favorable selling prices.
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27 April 2012
Arch Coal Inc. has promoted an executive to a top position and has renamed a mine in honor of a recently retired chief executive officer.
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27 April 2012
Russian integrated steel producer Severstal saw coking coal prices in the first quarter of 2012 fall by 5% year-on-year to $161 per tonne, the producer said in a production results statement published on Friday April 27.
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27 April 2012
UK-listed junior miner Beacon Hill Resources will produce around 100,000 tonnes of coking coal for the export market from its Minas Moatize mine in Mozambique in 2012, the company said in its quarterly report on Friday April 27.
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27 April 2012
Market sentiment recovered slightly in the local Chinese market after major stainless steel mills Baosteel and Jiuquan Steel announced unchanged prices for high-carbon ferro-chrome for May delivery, sources said.
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27 April 2012
Rio Tinto is looking to hire 6,000 new staff in a variety of professions, the majority of them for its Pilbara operations in Western Australia.
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27 April 2012
China’s imports of chrome ore and ferro-chrome are likely to fall back after a steep increase in March, market participants said.
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27 April 2012
Chinese manganese ore imports dropped 18.9% in March, as persistently weak market of manganese alloys persuaded buyers to cut purchase volumes.
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27 April 2012
South African coal miner Coal of Africa (CoAL) will proceed with its Makhado coking coal project despite threats of legal opposition to a proposed rail link, the company said this week.
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26 April 2012
Steady business conditions in the global and domestic steelmaking sector should sustain healthy demand for iron ore in the near term, although domestic metallurgical coal prices have come under pressure, Cliffs Natural Resources Inc. said as it reported lower first-quarter net income.
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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.