Oct 14 (Reuters) – Iron ore explorer Fenix Resources Ltd FEX.AX said on Wednesday it signed a deal with a unit of state-owned Sinosteel Group for half of the output and sales from its Iron Ridge project in Western Australia, sending the company’s shares 21.4% higher. The deal ensures that the Perth-based firm has sales arrangements...
West III Project with Ningbo Zhoushan Port will allow Vale to optimise supply chain costs on long sea trips from Brazil and increase market share in China Shulanghu Port’s deep berths will be able to accommodate Vale’s giant Valemax iron ore carriers, which are as big as some skyscrapers Brazilian iron ore mining giant Vale...
Portside prices drop on restrained buying Sintering controls may benefit pellet over lump Expectations of a seasonal downturn in end-user demand weighed on seaborne iron ore prices Oct. 13. S&P Global Platts assessed the 62% Fe Iron Ore Index at $121.35/dry mt CFR North China on Oct. 13, down $2.50/dmt from Oct. 12. The front-month November 62% Fe...
