Vale cuts iron pellet price for Nucor
Vale (RIO-N) is cutting the price of the iron pellets it sells this fiscal year to Nu-Iron, a subsidiary of U.S. st…
Iron Ore
Xstrata triggers consolidation talk
Consolidation is the key word again in the base metal sector after Xstrata (XTA-L, XSRAF-O) tabled an offer for Lon…
Rio Tinto Scraps Chinalco Deal For Iron Ore JV With BHP
Rio Tinto (RTP-N, RIO-L) shares surged 10.3% on the London Stock Exchange and 6.2% on the New York Stock Exchange on June 5 after the mining giant declared it was walking away from a deal with Chinese…
Big Iron’s Gamesmanship
The tectonic shift in the iron ore business dominated headlines during the 22nd trading week of the year, as Rio Tinto ripped up its US$19.5-billion proposed financing with Chinalco and struck a new d…
Rio scraps Chinalco deal for iron-ore joint venture with BHP
Rio Tinto (RTP-N, RIO-L) shares surged 10.33% on the London Stock Exchange and 6.23% on the New York Stock Exchange…
Far West Doubles Santo Domingo’s Size
VANCOUVER — Far West Mining (FWM-T, FWLMF-O) has nearly doubled the size of the Santo Domingo copper-iron project’s resource and announced a breakthrough in iron ore recovery.
Cardero’s Half-Off Sale
VANCOUVER — With a bleak outlook for iron ore markets, Cardero Resource (CDU-T, CDY-X) has announced that it will accept exactly half the original US$200-million sale price for its Pampa de Pongo iro…
Iron Ore: Will Benchmark Pricing Go?
With the growth of spot pricing for iron ore, it looks as if the existing system, based on a benchmark price set by annual negotiations between miners and steelmakers, is coming under increasing press…
Iron Ore’s Cautious Evolution
Iron ore was in the spotlight during the 19th trading week of the year, from esoteric new hedging opportunities to derailed grassroots iron ore deals.
UPDATE: Cardero sells Pampa de Pongo for half price
Vancouver – With a bleak outlook for iron ore markets Cardero Resource (CDU-T, CDY-X) president and CEO Henk van Al…
Chinese firm demands bargain on Cardero’s Pampa de Pongo
Vancouver – After missing a May 17 payment to Cardero Resources (CDU-T, CDY-X) for the Pampa de Pongo iron-ore pr…
Cliffs Idles Coal Plants
As the economic crisis continues to squash demand for steel, Cliffs Natural Resources (CLF-N) is idling some of its metallurgical coal production in West Virginia and Alabama.