Metal
ore mining market comprises the sale of metal
ore and concentrates by several entities.
It is pleasing to see an increase in our reserves, with significant further upside expected as the majority of the high grade Area 5 resource has yet to be incorporated into the
Ore Reserve estimate' he said.
As to export sales, prices are quite better at $20.70 per WMT but on a combined basis, the average price received for sales of both
ore exports and
ore deliveries was only $14.25 per WMT from $14.90 per WMT last year.
The Kolkata Dock System, made up by the riverine port of Kolkata and the one at Haldia, saw its iron
ore cargo, including pellets, soaring more than three fold between April and June.
4Q17 due to lower volumes of
ore processed and
ore grade at Fresnillo and Saucito.
Major iron
ore production firms produced more than 26.7 million tons of conglomerate in the past year (ended on March 20, 2019), registering more than 49 percent growth as compared to the same period of last year.
The low import duty of 2.5 per cent encourages steel players to go for import rather than utilising the local
ore, he had said.
The second fact of illegal export of
ore was also revealed in Osh region.
'We are now feeling the effects of weaker prices on our traditional business of
ore exports to China and Japan as a result of increased supply from Indonesia,' said NAC president and CEO Gerard H.
last month for the former's shipment of 1.5 million WMT of nickel
ore. The supply contract covered medium-grade nickel with high-grade iron
ore, and would be priced as well based on prevailing market prices this year.
Are you aware that over US$854 million was generated just from exporting iron
ore from Liberia between 2012 and 2015?