Job Vacancies

Iron-ore miners aim to keep steady output

IRON-ore prices would need to fall and linger about $30 per tonne for companies such as Kumba Iron Ore to consider scaling back output, Liberum Mining Team said last week. Investec analysts said the recent uptick in iron-ore prices from a decade low at the start of last month was merely a season ...

Iron ore gains as Chinese buyers seek high-grade cargoes

Spot iron ore prices edged higher, supported by firm Chinese demand for high-grade cargoes that has cut stockpiles of the raw material at the country’s ports to the lowest since February. Some sellers may be holding cargoes of iron ore, waiting for further price gains, before unloading them on t ...

India’s iron ore exports at 4.38 million tn in Apr-Oct FY15

Iron ore exports at 4.38 million tn in Apr-Oct FY15 Iron ore exports were at 4.38 million tonnes (MT) in April-October period of 2014-15 while there are 596 non-working mines in the country, Parliament was informed. In a written reply to the Rajya Sabha Minister of State for Steel and Mines Vish ...

China’s commodity demand returns, but will it last?

Chinese demand for a wide range of commodities has been surprisingly strong this year despite worsening economic data, raising questions over how long the demand recovery can last. For the first three months of the year, oil demand grew an annual 7.7 percent, its biggest gain in over two years w ...

Australia’s iron ore shipments to China down 4 pct in April

Australia’s iron ore exports to China from Port Hedland, the world’s biggest terminal for shipments of the raw material, fell 4 percent in April from March, port figures showed, as demand from China’s steel mills dwindled amid a construction slowdown. Exports of the steelmaking ingredient to Aus ...

Bulk shippers eye long-term gains

Taiwan’s major bulk shippers are sticking with their fleet upgrade strategies — aimed at long-term profitability — shrugging off negative sentiment in the bulk shipping industry this year, which they see as a short-term headwind, company executives said. U-Ming Marine Transport Corp, which is pa ...

India changes norms for preferential quota Sugar exports to EU, US

India has liberalised the norms for export of preferential quota Sugar to both EU and the US. The change in the policy of the preferential sugar quota will enable all sugar industries in the country to export sugar subject to a minimal requirement of registration from APEDA or DGFT. Change in th ...

Iron Ore at Eight-Week High as Morgan Stanley Sees Midyear Peak

Iron ore may post the longest winning run in 15 months should prices that rallied to an eight-week high gain for a sixth day on Wednesday, with Australia & New Zealand Banking Group Ltd. flagging the possibility of further rises. “Market participants are expecting prices to continue to rise ...

Goa iron-ore mining resumption delayed again

With the monsoon season ahead and the disincentives of low international prices, iron-ore mining operations in the western Indian coastal province of Goa are not expected to resume before October or November, at the earliest. According to an official in the Goa Mineral Exporters’ Association (GM ...

China’s thermal coal imports overstay their welcome

Ever had a house guest who has outstayed their welcome? It could be a family member, old school friend or acquaintance who has taken up residence in your house for longer than expected. They said they would stay only for a few days, then a week goes by and you begin to get impatient and frustrat ...