In a sign that China hasn’t lost its appetite for iron ore assets despite an economic slowdown, state-controlled mining giant China Minmetals said it is considering a bid for Rio Tinto’s $4 billion Canadian iron-ore operations.
http://blogs.wsj.com/canadarealtime/2013/06/18/what-wsj-canada-is-reading-tuesday-11/
Vale SA (VALE5), Brazil’s largest exporter, said further local currency depreciation could counter cost rises and a slowdown in Chinese iron-ore demand as it seeks to regain market share from Rio Tinto Group and BHP Billiton Ltd. (BHP)
SINGAPORE, June 17 (Reuters) – As China’s struggling stainless steelproducers rush to cut costs in the face of easing demand, the Philippines’ Nickel Asia Corp is seeing increasing volumes as a low-cost producer of ore for nickel pig iron.
http://www.reuters.com/article/2013/06/17/nickelasia-growth-idUSL5N0ET04W20130617
(Reuters) – Following a highly competitive bidding process, Brazilian miner Vale SA (VALE5.SA) tapped BNP Paribas and Credit Agricole as global coordinators of a $2 billion, five-year revolver, sources told Thomson Reuters LPC.
http://www.reuters.com/article/2013/06/12/us-vale-deal-idUSBRE95B0MV20130612
The Ontario Mining Association’s board of directors has appointed Kelly Strong as the new chairman of the Ontario Mining Association (OMA). Strong currently serves as vice-president of Vale’s Ontario and UK Operations.
The Dominican Republic government has rejected a request by Glencore Xstrata to explore nickel in a mountainous area of the country.
http://www.bbc.co.uk/news/world-latin-america-22762493
Development of Technology to Make Use of Iron from Nickel Ore Sumitomo Metal Mining Co Ltd produces nickel cobalt mixed sulfides using HPAL, technology in the Philippines and the tailing left by this technology contains iron in the form of hematite. However, the grade of this hematite is low at approximately 30% to 40% and as such cannot be used as a raw material for iron and steel, meaning it is subject to disposal in landfills.
Laterite ore processing by Carbonylation
NEW DELHI, May 31 (Reuters) – India’s largest copper smelter is likely to restart within a week, after a court on Friday gave a conditional go-ahead, ending a two-month-long shutdown that has squeezed domestic supply and boosted imports.
http://www.reuters.com/article/2013/05/31/india-sterlite-smelter-idUSL3N0EC2GF20130531
PATUANAK, Sask. – Uranium giants Cameco and Areva have reached a $600-million deal with a Saskatchewan First Nation that supports their mining operations and drops a lawsuit over land near the proposed Millennium project.
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