Mr Zhang Changfu secretary general of CISA said that China Iron and Steel Association has submitted proposal on iron ore mining taxes this April in meetings with multiple ministries including State Council, Ministry of National Development and Reform Commission, Ministry of Industry and Information Technology, Ministry of Commerce, Ministry of Envi...

Mr Mark Cutifani CEO of Anglo American Plc as saying that the outlook is grim for mining as companies adapt to lower prices and weakening demand. It does look pretty grim, certainly for the thermal coal industry.” Anglo is cutting jobs and halting production at its Aquila coal mine in Australia’s Central Queensland while Glencore Xstrata Plc, th...

Mr Wang Xiaoqi vice chairman of China Iron and Steel Association said that “In the second half of this year iron ore market will see obvious oversupply. Consequently, imported iron ore prices will dip further which is expected to decline USD 10 per tonne to USD 15 per tonne annually.”

Baoshan Iron and Steel Corporation said that iron ore prices are likely to stay around US$130/tonne for the rest of this year with steel prices in China also expected to remain steady. Mr Ma Guoqiang, GM of Baosteel said at an online shareholders briefing that Baosteel's performance was expected to remain mostly unchanged this year with total cr...

(www.mining-bulletin.com): Recently chrome market is facing tough days. The price pressure starting from stainless steel producers to the ferro-chrome producers is also effecting the chrome ore producers as well. But how long these producers can survive? The crisis in Europe effected the Nickel prices at London Metal Exchange. ...

Mr Carlos Gonzalez CEO of MMX said that Brazilian miner MMX plans to become an iron ore exporter as soon as its Sudeste port in Rio de Janeiro state becomes fully operational. Mr Gonzalez said that "We will turn MMX's page and become an exporter starting in 2014. This step will lead us to improved margins next year, making agreements with small ...

Mr Murilo Ferreira CEO of Vale SA as saying that Brazil's Vale SA, the world's top producer of iron ore, expects iron ore to hold above USD 110 a tonne this year with demand from China likely to remain relatively strong in the near future. Mr Ferreira in a presentation at the Credit Suisse Asian Investment Conference in Hong Kong said that "We f...

Mr Judy Zhu, a Shanghai based commodity analyst at Standard Chartered Bank Plc, said that steel prices in China may see a mild rebound in the second quarter as traders gradually destock their inventory and seasonal demand recovery begins to set in. He said “The recent slump in steel prices, especially seen in long products such as rebar, was due...

According to ETI KROM, 275USD/mt for 42% lumpy cr ore and 300USD/mt for cr concentrate should be the bottom price levels on CIF Chinese main ports basis for the chromium ore miners in order to open new mines and make new investments. Lower than these prices, the cr ore miners can only survive due to the increased over-all costs in 2...

GMA News reported that a group of local nickel producers is urging the government to remove barriers that prevent the ferro nickel industry from pursuing more investments into higher-value ore processing. According to Philippine Nickel Industry Association chairperson Ms Caroline Tanchay, the government should pay attention to the difficultie...