Iron Mining Group subsidiary IMG Iron Ore Trading (IMG Trading) has entered into a contract for sale of iron ore to an undisclosed global physical commodities company. Under the terms of the free on-board contract, IMG Trading will deliver 300,000M metric tons (MT) of 63% iron ore to the port of Manzanillo, Mexico. Plant ...
Gindalbie Metals has awarded a contract to Briety to supply haematite mining and associated services at its Karara iron ore project in Western Australia. Under the $185m contract, which will last four years, Brierty will undertake direct shipping iron ore mining services operations at Karara’s Blue Hills North and Terapod deposits including drill and ...
Top global miner BHP Billiton’s chief executive sees iron ore prices staying strong for as long as two years, and is confident the company’s profit margins will remain robust, even as costs escalate. Marius Kloppers was bullish on the near-term outlook for iron ore prices due to supply constraints, with India not exporting and rivals ...
Flinders Mines have jumped in price following encouraging results from its Pilbara iron ore pre-feasibility study. It predicted that stage one of the project would come in at $488 million, with construction slated for the first quarter of 2012 and production expected for the start of 2014. The study outlined a 5 million tonne per ...