CLF -163.87
Strrrrong short here. Numbers out after close
They have fuel expenses like everyone else
Along with price increases in general
Have not seen any evidence of this being a nascent growth company. Same for the mining industry. Demand will not be doubling anytime soon, so why is PE more than twice what you'd expect for an old school company
kingsgate.com.au
What is iron ore?
Iron ore is the rock which iron is extracted. The iron comes in the forms of magnetite, hematite, goethite, limonite and siderite, and varied colours from grey, yellow, purple and red. Iron ore is also the raw material used to make pig iron, which is one of the main raw materials for making steel.
World consumption of iron ore grows 10% per year on average with the main consumers being China, Japan, Korea, the United States and the European Union. The major producers of iron ore are China, Brazil, Australia, India, and Russia. Iron is the world's most commonly used metal. The main constraint is the position of the iron ore relative to market, the cost of rail infrastructure to get it to market and the energy cost required to do so.
As pure iron is virtually non-existent on earth, all sources of iron used by human industry are iron oxide minerals, mainly hematite. However, in some situations, more inferior iron ore sources have been used by industrialized societies when access to high-grade hematite ore was not available.
Mining iron ore
Iron ore mining methods vary by the type of ore being mined. There are four main types of iron ore deposits worked currently, depending on the mineralogy and geology of the ore deposits. These are magnetite, titanomagnetite, massive hematite and pisolitic ironstone deposits. Most large hematite iron ore deposits are sourced from metasomatically altered banded iron formations and rarely igneous accumulations. Hematite iron is typically rarer but it is considerably cheaper and easier to beneficiate and requires considerably less energy to crush and grind. Hematite ores however can contain significantly higher concentrations of penalty elements, typically being higher in phosphorus, water content and aluminium.
The iron-ore bearing rock is first blasted and dug up from open pit mines, then crushed, smelted in furnaces. To make steel, it is then alloyed with metals like nickel, chromium, manganese or titanium. These alloys give steel special properties like electrical resistance, and resistant to wear, rust, impact, shock or expansion when heated. The cooled steel is shaped and can be coated with tin, zinc or paint to help protect it from rusting.
Essel Mining & Industries Ltd.
adityabirla.com
Essel Mining & Industries Ltd. is today one of Indias largest iron ore mining companies in the private sector
AG-Land Investment Brokers
aglandbrokers.com
AG-Land Investment Brokers
Iron Range Resources - Mining Programs
ironrangeresources.org
Iron Range Resources - Mining Programs
Iron Range Resources - Natural Resources
irrrb.org
Iron Range Resources - Natural Resources
Lundin Mining Corporation
lundinmining.com
Lundin Mining Corporation
Iron Ore Catalog - Metals Place
metalsplace.com
A metal traders only stop. Free metals news, board, catalog, prices.
Admiralty Resources
ady.com.au
Admiralty Resources is a diversified Australian natural resource exploration and production company further broadening its horizons. It is taking on bigger projects and challenges having diversified mineral interests in Australia, Chile and Argentina. It aspires to be leading niche market chemical company set to prove its mettle.
Admiralty Resources NL has a 60% interest in the Sociedad Contractual Minera Santa Barbara's iron ore mines. 10,876 hectares of iron ore tenements. JORC measured and indicated resource of 41 million tonnes of iron ore with an iron content averaging 13.7%. Production of 100,000 tonnes per month of magnetite iron ore averaging 63.5% iron with phosphorous at 0.06%, silicon at 4% and sulphur at 0.01%.
Rincon Salar Project, Argentina - A world class resource rich in lithium, potassium, sodium and borates. Key resources are lithium carbonate, lithium chloride, lithium hydroxide, potassium chloride, sodium sulphate, boric acid and borates. Resource, due diligence and extraction methods for key resources have been finalised.
Cleveland-Cliffs Inc
cleveland-cliffs.com
Cleveland-Cliffs Inc is an international mining company, the largest producer of iron ore pellets in North America and a major supplier of metallurgical coal to the global steelmaking industry.
The Company operates six iron ore mines in Michigan, Minnesota and Eastern Canada, and three coking coal mines in West Virginia and Alabama. Cliffs also owns 80 percent of Portman Limited, a large iron ore mining company in Australia, serving the Asian iron ore markets with direct-shipping fines and lump ore. In addition, the Company has a 30 percent interest in the Amapá Project, a Brazilian iron ore project, and a 45 percent economic interest in the Sonoma Project, an Australian coking and thermal coal project.
As part of its efforts to develop alternative metallic products, Cliffs is aligned with Kobe Steel to utilize its ITmk3 process in a commercial-scale reduced iron plant that would convert taconite into nearly pure iron in nugget form. This innovative technology has the potential to open new markets by offering an economically competitive supply of iron material for electric arc furnaces.
Iron Mountain Mining Ltd
ironmountainmining.com.au
We are an exploration company focused on unlocking the potential of our quality portfolio of assets in Australia. The company was established primarily to acquire and explore for iron ore. Anybody who has followed the financial press over the last 12 months will be well aware that the export markets for iron ore are strong. In particular the iron ore export market has been bolstered by China’s increasing demand for iron ore.
The Company’s main project in the Burnie – Natone district of Tasmania I believe is particularly exciting. The project area covers known low-phosphorus resources of iron together with identified quartz-vein-hosted copper mineralization. Recent work has identified features which confirm the prospectivity of the area for the potential for Iron Oxide Copper Gold mineralisation similar to the “Olympic Dam” and “Ernest Henry” deposits.
The Company’s Mt Richardson, Bona Well, Windarling East and Kunanalling projects are located in the same region as existing iron ore producing sites that contain similar geological structures to those within the Company’s projects. The Company hopes to find reserves of iron ore in some or all of these projects.
Kudremukh Iron Ore Company Limited
kudremukhore.com
A Government of India enterprise, KIOCL has the India's largest mining and pelletization complex. The mine is located in the Western Ghats of Karnataka State in the Indian Subcontinent and the Pelletisation facilities at Mangalore, also in Karnataka.
Kudremukh Iron Ore Company Limited has its own mine and plant facilities to produce 7.5 million tonnes of iron Ore concentrate per year Kudremukh Iron Ore Company Limited has its own mine and plant facilities to produce 7.5 million tonnes of iron Ore concentrate per year.
MSPL: Pioneers in mining Iron Ore
mspllimited.com
We, MSPL Limited, are an iron ore mining, processing and exporting company over four decades old. According to the Federation of Indian Mineral Industries, we were the first private company in India to receive a licence for export of high grade Iron Ore (having a Fe content of 64% or more).
We are also one of India’s leading exporters of high-grade processed Iron Ore to China. We are a flagship company of the Baldota Group of Companies, which are privately owned principally by the Baldota family.
Robe River
roberiver.com
Robe River, a member of the Rio Tinto Group, is one of the world's leading suppliers of iron ore. A significant Western Australian resource company, Robe currently exports over 40 million tonnes of iron ore a year to the highly competitive global steel industry. Robe is strongly committed to being a safe, productive, innovative and responsible member of the community.
Robe is one of the world's most cost effective, consistent and reliable suppliers of iron ore. It operates as a long-standing and highly successful international joint venture, between Rio Tinto, an Anglo-Australian resources group, Mitsui, a Japanese trading company, and two Japanese steel companies, Sumitomo Metal Industries and Nippon Steel Corporation. Robe currently employs over 950 employees.
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