Iron Ore

Wuhan Iron and Steel Group Seeks Iron Ore Assets Overseas

March 13th, 2010 | Posted by sony | Category: Iron Ore, Mining News | No Comments

Wuhan Iron & Steel Group, China’s third-biggest steelmaker, is seeking to invest in more overseas iron ore assets to cut reliance on expensive imports, General Manager Deng Qilin said.
“We aim to be self-sufficient in iron ore supplies in three to five years and reduce purchases,” Deng, who’s also chairman of the China Iron & Steel [...]

BHP Billiton Funding Western Australia Iron Ore

January 30th, 2010 | Posted by sony | Category: Iron Ore | No Comments

BHP Billiton Plc approval for US$1.93 billion of capital expenditure to underpin the further accelerated growth of its Western Australia Iron Ore business. The company noted that this investment represents early expenditure for its Rapid Growth Project 6 or RGP6. Further, RGP6 is expected to increase installed capacity at the company’s Western Australia Iron Ore [...]

Steelmaker (Arcelormittal) And Mining Company (BHP Billiton) Discuss Joint Management Of Iron Ore Mines

January 26th, 2010 | Posted by sony | Category: Iron Ore, Mining News | No Comments

Iron ore mining company BHP Billiton is the world’s largest company and the world’s largest steel maker ArcelorMittal in talks on iron ore mining in Liberia and Guinea.
Steel demand in 2010 is expected to rise sharply, so that the steel manufacturers have competed to supply iron ore to meet the target of steel production during [...]

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