VALE chief executive Murilo Ferreira has forecast China’s iron ore demand will keep rising for the next decade as the nation’s urbanisation continues.
Mr Ferreira said China’s iron ore demand could eventually hit 1 billion tonnes on the back of increased steel production.
Guinea may complete a review into the $10 billion iron-ore joint venture between Vale SA and BSG Resources Ltd before the end of the first quarter of 2013, the country’s Mines Minister Mohamed Lamine Fofana said today.
DAKAR/LONDON – The mining arm of Israeli billionaire Beny Steinmetz‘s business empire has accused the government of Guinea of seeking to “illegally seize” its assets through a probe into how it won rights to mine part of a major iron-ore deposit.
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