Articles Tagged "Vale"

Equitas Up Over 20 Percent After Identifying Nickel-Copper Sulfide Targets at Garland

Nickel – Equitas Resources only acquired the Garland nickel-cobalt-PGM property in September 2014, but it's already seeing good results. The company announced Wednesday that a VTEM Plus airborne survey at the property has identified nine areas of conductivity that are prospective for nickel-copper sulfides, and its share price shot up over 20 percent as a result.

Australia Halves Iron Ore Price Forecast in 2015 Federal Budget

Iron – The slumping iron ore price has hit those involved in the space hard in the last year, with many companies reducing production and halting new construction. Now the Australian government has gone into defense mode with its Federal Budget 2015 report, which includes a conservative 12-month iron ore price estimate of $48 per tonne.

Iron Ore Price on the Rise Again

Iron – Iron ore has finally started to pick up after what seemed like an endless stretch of bad news. While it seemed that the industries biggest producers had no intention of slowing down their production in an attempt to muscle out the smaller companies, they are finally starting to let up a little and it's already beginning to show in the price. The price gains on Tuesday have been mainly attributed to an increase in China's demand for high-grade cargoes, which in turn, reduced stockpiles of the raw material at its ports to the lowest level since February.

Big Iron Ore Producers Debate Supply-Demand Balance

Iron – Industry giants' battle over the iron ore supply-demand balance continued this week. The most recent development came when Rio Tinto CEO Sam Walsh described the idea of boosting prices via a production cap "hare brained."