Following the Brumadinho dam rupture, Vale's iron ore fines
production wasimpactedby 11.2 Mt in 1Q19 as a result of the following events:
It was pointed out that while exports of low-grade iron ore fines
averaged between $45-50 per ton CFR China, Indian exports of pellets was currently in the range of $140-143 per ton FOB, local traders said.
CBA analysts are now expecting the 62 percent Fe iron ore fines
price to average at $61/mt CFR China in the 12 months to June 30, 2019, which is up 9 percent from its previous expectation of $56/mt, it said in its Commodities: Strategy report.
The cost object of iron ore fines
handling cost contains the total cost associated with all those activities required in systematic and continuous flow of iron ore fines
from the unloading points to sinter plant.
The target firm had an annual production run rate of some 5m tonnes of 62% Fe iron ore fines
as of June 2013 and has all permits in place to expand output to 15m tonnes annually, the buyer explained.
With this technology, there is no need to make pellets which are essentially required for rotary kiln input of iron ore fines
. So the basic advantages are economy and pollution.
The three new assessments will include 58 percent Fe, 62 percent Fe and 65 percent Fe iron ore fines
, cfr Qingdao.
Plunging prices were the primary driver, with the cost of iron ore lump down two percent and iron ore fines
down six percent from the previous month.
There is obviously a shortfall to make up for which BSP is sourcing iron ore fines
from SAIL's Raw Material Division (RMD).
It was also alleged that the state- owned public sector firm Mysore Minerals Ltd ( MML), that owned high- grade iron ore fines
, was deprived by Krishna of a vast opportunity to market the priced fines in international markets at lucrative prices that would have fetched the state government vast revenue.
The ITmk3 technology is the latest generation iron making technology where iron nuggets are produced by using iron ore fines
and non coking coal.
GPL again reaffirms its commitment to share any and all required information related to Iron Ore fines
exports from GPL as may be required by Department of Steel and Mines, Govt.