IRON ORE
Posco not to export iron ore, but may swap with foreign ore “Despite the fact that the MoU with state government categorically states there will be no net export of iron ore, we have noticed there are untrue rumours that Posco-India will be exporting iron ore from India,” Posco-India Chairman Export of iron ore to continue: Minister India will continue to export iron ore as production outstripped domestic demand and future “The existing iron ore export policy regulates and promotes judicious use of iron ore for domestic purpose and export of surplus quantity. 2007 iron ore price rise five percent or more Reports are suggesting that unlike last year - when the Japanese primarily influenced the annual iron ore price negotiations - it will be the Chinese that will have the major impact on the next price settlement. Aricom bids highest in Russian iron ore auction “We believe the deposit has the ability to produce up to 12 million tonnes per year of premium iron ore concentrate as early as 2010 and is located 225 km from the Russian-Chinese border,” Aricom CEO Jay Hambro said. Great Northern Iron Ore: Great Dividend, But The Devil Is In The If you look at the basic information on Great Northern Iron Ore Properties (NYSE: GNI), it looks like a no-brainer. This Minnesota-based company leases its lands to mining companies and makes its money off royalties from these New rise tipped for iron While China steps up efforts to talk down the need for further rises as demand growth continues to outpace mine expansions, analysts are now united in their belief that iron ore miners will pocket a fourth consecutive price increase. Iron-Ore Demand Likely to Top 600M Tons China's iron-ore demand will probably reach 600 million metric tons in 2010, and imports are likely to be 410 million to 420 million tons, an industry official said. "As domestic ore's iron content is quite low, China will continue to Growth in iron ore imports to China lower Growth in iron ore imports slowed during the first three quarters of the year to 24.2%. This is the first time growth has dipped below 30% since 2003, state media reported. China imported 247 million tons of iron ore from January to 2007 iron ore price rise to be under 10 percent A Reuters report today suggests that the 2007 iron ore price increase will be under ten percent. World iron ore prices increased by 19 percent in early 2006, after a jump of over 70 percent in early 2005, fuelled by demand from China. Seizure of iron ore at Sandur is only the beginning, says Kumaraswamy `Nobody is above the law, and officials are only doing their duty'
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