More Iron from India May not Relieve Steelmakers’ Pain
High iron ore prices are a reality steelmakers have been trying to cope with. There are hopes that recent progress toward lifting an export ban in India will provide some relief, however, those hopes...
View ArticleChina’s Baosteel to buy stake in Canadian nickel explorer Noront
Platts reports that Baosteel Group Resources has agreed to invest at least $18.2 million for a 9.9% stake in Noront Resources (CVE:NOT).Continue reading...
View Article3 Factors Iron Investors Should Consider
Concerns about the future of the iron market are growing. Investors considering their next move may want to consider oversupply, China's electricity and Japan's steel industry.Continue reading...
View ArticleBaosteel Says Buying Iron Ore Based on Quarterly Pricing
Reuters reports Baoshan Iron & Steel (SHA:600019) is currently buying iron ore based on quarterly prices calculated using Platts' iron ore index.Continue reading...
View ArticleManila’s Nickel Asia to Sell Nickel Ore to Baosteel
Reuters Africa reported Nickel Asia Corp (PSE:NIKL) signed a deal to supply close to 2 million wet metric tonnes of lateritic nickel ore to Baosteel.Continue reading...
View ArticleSteel Market to Firm up in Q4 and Beyond
Since mid-2011, steel production has seen a steady slump due to a shortfall in Chinese manganese imports and a fall in international prices. Now, however, it seems like the tide is turning and some...
View ArticleMining Boom Not Finished, Says Baosteel Chief
The head of China's largest iron ore customer told Australian Trade Minister Andrew Robb that the mining boom is not over and that demand for ore will remain strong, The Australian reported.Continue...
View ArticleBaosteel Launches $1 Billion Takeover Bid for Aquila Resources
Reuters reported today that China's Baosteel is in the midst of a $1 billion unsolicited takeover bid for Australia's Aquila Resources (TSX:AQA). According to Reuters, Baosteel already owns a 20...
View ArticleBaosteel Could Have Competition Over Aquila Resources
Mining.com reported that while China's Baosteel Resources has recently put forward a bid to takeover Australia's Aquila Resources (TSX:AQA), Mineral Resources (ASX:MIN) is now also showing interest in...
View ArticleBaosteel Secures Control of Aquila Resources
The Australian reported this week that China's Baosteel has taken control of Aquila Resources (TSX:AQA), beating out a rival offer from Australia's Mineral Resources (ASX:MIN). The bid was backed by...
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