Why Tata Steel wants to expand capacity at its iron ore mines

Having trouble viewing this email?  View online Iron Ore News Digest Wednesday 27 December 2017 Home    Coal    Copper    Iron Ore    Nickel    Rare Earth    Oil Sands    Uranium    Zinc Why Tata Steel wants to expand capacity at its iron ore mines In about four years, Tata may need 13.6 million tonnes of iron ore annually. read » MINING.com's top news stories of the year Copper and bitcoin. read » Western Australia government rejects Mineral Resources' iron ore project The decision is final and without appeal. read » Value of top 50 mining companies surge $140 billion in 2017 More than half the 2017 combined market cap gains for the world's largest listed miners accrued to just five firms as gold producers drop out of top 10. read » China's copper, zinc output jumps to 3-year high on stronger prices Domestic iron ore mines are also humming. read » Iron ore, coking coal prices are soaring Iron ore price jumps 5.2%, coking coal rises to levels last seen during cyclone Debbie as Chinese mills restock. read » CHART: High flying metals to fall back to earth in 2018 Panel of investment banks and research houses forecast declines in copper, zinc, lead and palladium prices in 2018. read » Kazakhstan's largest iron ore company now has a smart mine With a $10 million investment, the Kacharsky mine is being transformed into a smart mine. read » Iron ore, copper prices recover after record Chinese imports November copper concentrate shipments to China hits all-time monthly high – annual iron ore imports set to easily surpass 2016's record 1 billion tonnes. read » Vale aims to halve debt to $10bn by 2019 The company also said is ready to shut Caledonia mine mid-next year if it has not found a strategic partner ready to buy a 20 to 40% stake in the project. read » Rio Tinto appoints one of its own as the company's new chairman After a nine-month search, the miner has picked the current leader of the remuneration committee, Simon Thompson, to assume the post in March 2018. read » Mining salaries ranked for geologists, metallurgists and the C-suite Two-thirds of miners increase head count in '17 read » Two women to lead Australian iron ore mining company As soon as the new year kicks off, Fortescue Metals Group will be led by new CEO Elizabeth Gaines and her right hand Julie Shuttleworth. read » Brazil mining code unchanged as Senate fails to vote on bill Brazil's lower house of Congress removed from the agenda the discussion of a transitory presidential decree, which modified the country's current mining law. read » Mine site restoration needs more time: Australian researchers They say the mining industry is being asked to achieve thousands of years of natural soil development in under a decade. read » Archaeologists find connection between metalwork and Iron Age feasting rituals Found during an excavation at Glenfield Park, Leicestershire, the collection is unprecedented in terms of the overall mix of findings. read » Iron ore will go back to $50, says Goldman Sachs Analyst Hui Shan said that Goldman's projections see iron ore falling to $60 a ton in three months, $55 in six and $50 in 12. read » Tax payments from Minnesota's iron ore industry show lower production Taconite-pellet plants and ore-concentrating firms produced 29 million tonnes last year, down from 33 million tonnes in 2015. read » BHP tightens belt, targets $1.6bn in cost-cutting at Australian operations The world's No.1 miner is targeting as much as $1.6 billion in productivity gains at its iron ore, copper and coal units in the country over the next two years. read » China halts oil product exports to North Korea in November as sanctions bite Beijing also imported no iron ore, coal or lead from North Korea in November. read » Africa development body, funds see opportunity in mining infrastructure Africa Finance Corporation has already expanded its debt or equity funding for resources projects from oil into mines, including bauxite scheme in Guinea. read » BHP to fund $181m for more Samarco dam cleanup BHP has agreed to fund a total of up to $181 m in financial support for the Renova Foundation and Samarco Mineração S.A. (Samarco) until 30 June 2018. read » Brazilian miner Vale says entering new era of big dividends "Now is the era of the Vale dividends. Vale will become a big payer of dividends if everything goes well," CEO Fabio Schvartsman said on Friday. read » Chinese steel futures extend gains, track spot prices The most active rebar on the Shanghai Futures Exchange climbed 2.6 percent a tonne by the close, posting its biggest daily gain in more than two months. read » Ships in a bottleneck: China, Australia ports clogged as coal, iron ore demand soars With some vessels waiting to load coal and iron ore outside Australian ports for over a month, key charter rates jumped to highest in more than three years. read » Miners big and small bank on China's hunger for high-grade iron ore China's aggressive campaign to clean its skies by clamping down on polluting steel mills has fuelled a need for high-grade iron ore. read » Dalian iron ore, coking coal extend gains even as steel retreats Iron ore futures in China rose for a second session on Tuesday, supported by demand from steel producers for high-grade raw material to boost productivity. read » Read more Iron Ore news on MINING.com » Home    Coal    Copper    Iron Ore    Nickel    Rare Earth    Oil Sands    Uranium    Zinc About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. 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