Iron ore prices corrected down on Tuesday March 19, with futures and spot market activity at Chinese ports both declining after Monday's gains.

The use of Metal Bulletin’s iron ore indices to price physical cargoes continues to expand, with a Pilbara Blend Fines cargo traded basis the Metal Bulletin 62% Fe iron ore index on an online platform on Thursday November 23.

A further decline in iron ore prices to levels close to $80 per tonne in the fourth quarter of 2014 will see 200 million tonnes of high-cost ore exit the market, according to CLSA analyst Ian Roper.

BHP Billiton’s ceo Marius Kloppers always said that moving to an iron ore pricing system reliant on a third-party reference to fix contracts would draw the poison from relations between iron ore producers and buyers.

SouthGobi Resources president and ceo Ross Tromans has been named a non-executive director of Mongolia-focused Aspire Mining, the company said on Friday November 30.

Base metals prices on the London Metal Exchange were mostly consolidating in morning trading on Wednesday October 18, after copper and zinc prices plummeted at yesterday’s 5pm close.

The past 12 months have seen a fundamental realignment of West Africa’s iron ore sector.

The proposed Section 232 investigation remedies by the United States Commerce Department are becoming apparent in the global market, with the common theme a reorganization of the world’s supply chains to remove the US from the trade flow.

Guinea has cut its tax and royalty demands in its revised mining code in a bid to woo investors and push forward existing projects in the impoverished West African country.

Norsk Hydro has agreed to take over Rio Tinto Alcan’s 50% share of the Sør-Norge Aluminium (Søral) smelter in Norway, giving Hydro full ownership of the facility, it said on Thursday July 3.