Articles Tagged "Iron Market News"

Indonesia Resumes Export of Some Metal Ore Concentrates

Iron – Mineweb reported today that shipments of iron ore, lead, and zinc have left Indonesia following the implementation of a mineral export ban from the country in January. Two firms, Sebuku Iron Lateritic Ores and Lumbung Mineral Sentosa, agreed to pay a controversial 20 percent export tax, according to Mineweb.

Financial Flexibility Could Be a Saving Grace for Iron Miners, S&P Credit Analysts

Iron – Mineweb today drew attention to observations from Standard & Poor’s Ratings Services that iron ore prices could hurt some iron miners if they end up staying at $90 a ton for 2015. S&P analysts said that although larger companies would likely be able to adapt while some smaller, more iron focus companies might be put at a greater risk, either might just be able to weather the storm with good management and financial strategies.

Iron Ore Headed for Gains, Still Under $100

Iron – Reuters reported that although Iron Ore was slated to make gains in price for the first time in eight weeks on Friday, the metal was still below the key level of $100 per tonne. Iron ore prices have declined 30 percent so far this year, and major miner BHP Billiton (NYSE:BHP) was second guessing the speed at which it expanded iron operations this year, according to Reuters.