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IRON AND STEEL

Afferro agrees to $190m takeover

Wednesday , 22 May 2013
IMIC is to takeover iron ore junior Afferro Mining in a deal worth $190 million.

CITIC Pacific loses royalty fight against Australian tycoon

Wednesday , 22 May 2013
The Supreme Court of Western Australia on Tuesday ruled in favour of Clive Palmer's interpretation that a royalty is due when the iron ore is stockpiled.

Iran moves to impose steep export duty on iron ore

Tuesday , 21 May 2013
The Iranian government is said to be negotiating a tax of up to 40% on iron ore exports to take advantage of a surge in sales to China.

Aus unions seek to re-unionise Rio’s Pilbara iron ore mines

Monday , 20 May 2013
Two powerful trade unions are to work together after years of inter-union hostility to try and end Rio Tinto’s 15,000 strong non-union workforce policy at its Pilbara iron ore mines.

Steinmetz seeks Tony Blair’s help to free detained Guinea staff

Friday , 17 May 2013
Beny Steinmetz’s mining company, BSG Resources, has called on former British PM Tony Blair to help secure the release of two employees arrested in Guinea.

Guinea bribe probe defendant pleads not guilty in NY

Thursday , 16 May 2013
French citizen Frederic Cilins pleaded not guilty to charges he obstructed a US grand jury investigation into bribes paid to win mining rights in Guinea.

Brockman puts heat on Fortescue to haul its iron ore

Thursday , 16 May 2013
Brockman has applied for access to Fortescue’s iron ore rail line Western Australia, a move crucial to its efforts to start producing iron ore.

Rio Tinto ordered to pay old royalties to Rinehart/partner

Monday , 13 May 2013
Rio Tinto has been ordered to pay Rinehart's Hancock Prospecting and former partner Wright Prospecting royalties on production from two iron ore deposits in Pilbara.

India federal govt. to decide on giving iron ore license to POSCO

Friday , 10 May 2013
A Justice of the India's Supreme Court on Friday asked the government to look into the issue of giving iron ore mining license to POSCO.

BlackRock’s Hambro seeks talks with Rio on $5bn expansion

Wednesday , 08 May 2013
BlackRock's Evy Hambro says he will seek talks with Rio Tinto’s management on a planned its $5 billion iron-ore expansion plan.

Brazil’s Vale wants part of US steel recovery

Wednesday , 08 May 2013
CEO Murilo Ferreira says shale gas has made the US competitive again and they want to be part of the resurgence of the steel industry.

NMDC set to buy coal mines in South Africa

Tuesday , 07 May 2013
India's largest iron ore miner is vetting proposals to acquire coal mines in South Africa with its joint venture partner.

Steinmetz-linked probe seen spurring race for $50bn Guinea mine

Tuesday , 07 May 2013
A corruption probe into how a group run by Beny Steinmetz secured rights to the Simandou iron ore project is set to spark interest from rival companies.

Rio Tinto to press on with iron ore expansion plans

Tuesday , 07 May 2013
The company’s board is however not expected to make a final decision on the expansion plans, estimated to cost up to $5 billion, until later this year.

Vale receives license to build Brazil rail line

Tuesday , 07 May 2013
The miner has obtained a government environmental operating license for a rail line to the S11D expansion at its giant Carajas iron ore mine.

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