Alderon Iron Ore Corp. (TSX: ADV) (“Alderon” or the “Company”) is pleased to announce that Mr. Tayfun Eldem, P. Eng. has returned to its Board of Directors effective immediately. Mr. Eldem was Alderon’s President & Chief Executive Officer until August 2015. His return to the Board coincides with the near
Century Global Commodities Corporation (“Century” or the “Company”) (TSX:CNT) and Sandy Chim announce their purchase of a total of 1,834,000 ordinary shares in the capital of the Company (the “Purchased Shares”) from Champion Iron Mines Limited (“Champion”). The acquisition of these shares (the “Transaction”) was completed through the facilities of
A recent article from Seeking Alpha suggested that iron ore prices could still have further to fall.
As quoted in the publication:
In April, iron ore prices jumped to above $70 a ton, a level not seen since early 2015. Iron ore prices had been on a downward trajectory since 2014 amid
The Financial Times reported that iron ore prices jumped to their highest point in three months on Tuesday, spurred on by seasonal restocking by China’s steel mills. Overall, iron ore is up 5 percent so far in 2015 — it’s outperformed most commodities aside from gold.
Reuters reported that China’s January iron ore imports came to 82.19 million tonnes, up 4.6 percent from the year-ago period. The boost came as steel mills stocked up with cheap material from overseas.
Reuters reported that Rio Tinto plc (ASX:RIO,LSE:RIO,NYSE:RIO) plans to seek funding for its Guinea-based Simandou iron ore project even though it’s had to write down its value due to poor iron ore prices.
The Australian Financial Review reported that iron ore prices saw gains this week after Vale (NYSE:VALE) temporarily closed one of its ports in Brazil due to alleged environmental breaches.
Mining Weekly reported that Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) CEO Andrew Harding said the company will not cut iron ore output despite weak iron ore prices.
As quoted in the market news:
“There has been a view that Australia can simply turn the iron-ore tap on and off to regulate the global, market-based price. It
Rio Tinto, Vale and BHP Billiton all reported iron ore production increases in Q3, while steel demand from China and across the globe has continued to drop.
Mining Weekly reported that data from Deloitte Access Economics has shown that iron ore is no longer the fastest growing sector in Australia, with information media and telecommunications taking the lead.
Mining Weekly reported that iron ore giant BHP Billiton (ASX:BHP,NYSE:BHP,LSE:BLT) expects iron prices to continue downward, but sees China’s steel demand improving.
Mining Weekly reported that the El Nino weather pattern will help curb the usual disruption threat Australian iron ore and coal miners face as during the upcoming cyclone season.
As quoted in the market news:
That would mark a rare beneficial effect from El Nino, which often brings drought to some regions while prompting