Topic: Metals and Mining Sector
China vows to support steel mills in iron ore talks
AFP Asian Edition
China said Tuesday it will support domestic steel mills in their thorny iron ore price negotiations with global miners even after the Australian government bluntly told Beijing to stay out of the talks. "As the world's largest iron ore consumer, the interests of Chinese steel mills should be reflected ...
Rio 'in talks' with Chinalco over huge Africa field
AFP Global Edition
Rio Tinto is in talks with China's Chinalco on a massive mining project in Guinea, reports said Tuesday, raising hopes of a rapprochement that could unlock one of the world's biggest iron ore fields. The mining giant is in "advanced" discussions with its former Chinese suitor, the Wall ...
Rio, Chinalco in talks on 12 bln dlr Guinea mine: report
AFP Asian Edition
Anglo-Australian miner Rio Tinto is in talks with China's Chinalco on jointly developing the Simandou iron-ore field in the West African nation of Guinea, the Sydney Morning Herald reported Tuesday. Negotiations on developing the 12 billion US dollar (8.75 billion euro) mine had been taking place in Beijing ...
POSCO breaks ground for steel plant in India
AFP South Asian Edition
South Korea's largest steelmaker POSCO said it broke ground Monday on a plant in western India that will produce galvanised steel sheets for automobiles and electronic goods. The world's fourth largest steelmaker said it would spend about 240 million dollars to build the plant with an annual capacity ...
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