Sunday 30 August 2015

Iron ore in fresh crisis as forward prices crumble

Iron ore is veering to a new crisis as prices for future delivery of the commodity slide 30 per cent in the space of a month, and its outlook is now more bearish than oil and more dire than ever for miners struggling to just stay in business.


Sabic in Mauritania iron ore venture

Saudi Basic Industries Corp (Sabic), a leading petrochemical group, is carrying out new iron ore exploration in northern Mauritania. The feasibility study and exploration at Atomai Mines in Zouerate is part of a joint venture agre


Iran importing missile-grade ore from Europe

Exploiting a loophole in Western sanctions, Iran is importing a high grade of refined alumina ore from several European countries including Germany and France that Tehran could be using to make armour parts and missile components.


Dry bulk ship market ‘to stay weak into 2013’

The global dry bulk freight market is expected to stay weak throughout 2012 and into 2013 due to an oversupply of ships, a senior executive of major ship brokerage Braemar Seascope said on Tuesday. The industry has been struggling with a s

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