Archive for November, 2009
India State Government to Give Land for ArcelorMittal Plant
MUMBAI — India’s Karnataka state has approved allocation of 4,000 acres land for ArcelorMittal’s proposed 6-million-metric tons steel plant in the province, a senior Karnataka government official said Friday. “The chief minister of Karnataka is giving full support to the company’s plans in the state. Currently, ArcelorMittal is scouting for 3-4 locations, mostly in north [...]
Vale orders 16 ships from China
Brazilian miner Vale SA (VALE) has ordered 16 vessels from China, each with a capacity of 400,000 metric tons, the company’s global iron ore director said Tuesday. Speaking at the Metal Bulletin Steel Survival Strategies, Renato Neves said the first ship would be delivered by the end of 2010 and the rest would come in [...]
ArcelorMittal: Chiria Mines’ Ownership Still an Open Issue
MUMBAI –A senior ArcelorMittal executive Wednesday said there has been no resolution of the ownership of the Chiria mines in eastern India, considered one of the world’s largest iron ore reserves. “The mines are an open issue,” Vijay Kumar Bhatnagar, ArcelorMittal’s chief executive for India and China, told Dow Jones Newswires. “There is currently no [...]
China Starts New Iron Ore Talks
China is entering a new round of talks with its major iron-ore suppliers, with signs that acrimony between the parties has eased and indications favoring a higher contract price for next year. Talks toward a 2009 contract collapsed earlier this year, producing several tense months punctuated by China’s detention of Rio Tinto’s chief iron-ore negotiator [...]
China may get new iron ore pricing system
// var tmpText = convertedASCII(“Rio chief says talks with mainland steel mills could change tack after this year’s stalemate”); document.write(tmpText); // ]]>Rio chief says talks with mainland steel mills could change tack after this year’s stalemate Howard Winn Updated on Nov 03, 2009 // var tmpText = convertedASCII(“Rio Tinto may use a new pricing mechanism [...]
