Indonesia, the world's largest nickel ore exporter, temporarily stopped ore shipments on Oct.
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Y.), Ron Wyden (D-Ore.), Jeff Merkley (D-Ore.), Cory Booker (D-N.
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Most metallic ore comes from Minnesota, which is the highest producer of iron ore.
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M.), Peter DeFazio (D-Ore.), Kurt Schrader (D-Ore.) and Matt Cartwright (D-Pa.).
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By contrast, 62% ore is up 36 percent and 65% ore has risen 32%.
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The big iron ore story of last year is still present, namely the widening of the premium for high grade ore and deepening discount for lower quality ore.
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Iron ore markets have been particularly sensitive to supply-side issues in recent months as China's steelmakers increasingly turns to imported ore to supplement low-grade ore at home.
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Under U.N. sanctions, North Korea is banned or partially banned from selling coal, iron, iron ore, gold, titanium ore, vanadium ore, copper, nickel, silver, zinc and rare earth minerals.
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They can produce more steel by using high-grade iron ore than lower quality ore.
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The iron ore miner approved the new $1.3 billion Eliwana iron ore mine in May.
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The resolution bans North Korean exports of coal, iron, iron ore, lead, lead ore and seafood.
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The resolution would ban North Korean exports of seafood, coal, lead, lead ore, iron and iron ore.
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The resolution targets North Korea's primary exports, including coal, iron, iron ore, lead, lead ore and seafood.
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The new measures prohibit all exports of North Korean coal, iron, iron ore, lead ore and seafood.
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Y.), Kamala Harris (Calif.), Ed Markey (Mass.), Jeff Merkley (Ore.) and Ron Wyden (Ore.) voted against Carranza.
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Prices of iron ore and coke, key ingredients in steel-making, jumped with Dalian iron ore futures.
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The sanctions resolution targets North Korea's primary exports, including coal, iron, iron ore, lead, lead ore and seafood.
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The draft resolution would ban North Korea's exports of coal, iron, iron ore, lead, lead ore and seafood.
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But analysts also warned that high iron ore prices may affect iron ore trade in the near-term.
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The sanctions ban the import of coal, iron, iron ore, lead, lead ore and seafood from North Korea.
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The latest U.N. resolution bans North Korean exports of coal, iron, iron ore, lead, lead ore and seafood.
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Elsewhere, big iron ore miners eased after a near 0.93% fall in Chinese iron ore futures on Friday.
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Interestingly, last winter the premium didn't actually widen over the season - it narrowed, with 65-percent ore ending February just 21.4 percent above 62-percent grade ore and 50 percent higher than 58-percent ore.
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Mitsui, a major iron ore producer, intends to invest mainly in iron ore, liquefied natural gas (LNG) and oil.
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The tough new sanctions would prohibit export of North Korean coal, iron, iron ore, lead, lead ore, and seafood.
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Not just gold but also copper ore, iron ore, aluminum, charcoal, timber, pine nuts, hazelnuts, seafood and pine mushrooms.
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So far this year, pellet-grade ore for import has averaged $30 per ton above low-grade 58% ore, and about $12 a ton more than benchmark-grade 62% ore, according to data from consultancy Steelhome.
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At the same time, iron ore output reached a record high last year as ore prices reached two-year peaks.
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It produces the world's largest content of carats per tonne of ore: seven carats of diamond per tonne of ore.
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Currently, 65 percent ore is 71.3 percent more expensive that 58 percent, and 39.3 percent higher than 62 percent ore.
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"Ore, for one?" is all dressed up like a straightforward, ORE-finding clue until you get to that question mark.
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RIO DE JANEIRO, July 26 (Reuters) - Brazil's Vale , the world's top iron ore producer, forecast stable iron ore prices and rising premiums for its top quality ore thanks to strong demand from China, despite global trade tensions.
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Steel executives say the demand shift in the top ore market will mean declining purchases of low-grade supplies and greater demand for pelletised ore of a higher grade - with potentially major implications for ore exporters in Australia.
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Julius Baer analyst Carsten Menke said China's iron ore imports could remain strong through the year but only because steel mills will substitute more domestic ore with cheaper, imported ore, not because of rising steel demand or prices.
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BHP sells the majority of its iron ore to steel mills in China, where domestic ore typically contains much less iron.
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The iron ore miner had beat on its 2016 profit expectations due to rising iron ore prices and cost-cutting measures.
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Rio Tinto said it planned to increase iron ore production and shipments in 20.68, despite multi-year-low iron-ore prices.
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To create the mines, Alrosa must first scan for pipes of kimberlite ore, which is the ore that can contain diamonds.
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Dalian has already raised transaction fees on iron ore and steel contracts and increased the trading margin for iron ore futures.
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Under the resolution's provisions, all exports of North Korean coal, iron, iron ore, lead, lead ore and seafood will be prohibited.
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Uranium ore Uranium ore contains less than 1 percent of U-235, an isotope used to fuel reactors and make bombs.
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The strength in iron ore led the department to lift its 21 iron ore forecast by 21.3264 percent to $65.20 a tonne.
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The proposed draft, according to a Security Council diplomat, would ban the export of seafood, coal, lead, lead ore and iron ore.
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Arrium, an iron ore miner and steel producer, went into voluntary administration in April, hit by weak iron ore and steel prices.
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In 2017, Dalian iron ore volumes reached nearly 33 billion tonnes versus global annual iron ore trade of about 1.5 billion tonnes.
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And there have been occasions in the past when China's customs department misclassified iron ore with high nickel content as nickel ore.
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After it's mined, the ore must go through an ore enrichment process to separate the rough diamonds from the other rock formations.
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Brazilian names that have rebounded include steel and iron ore producer Cia Siderúrgica Nacional and Samarco Mineração, an iron ore pellet producer.
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"Iron ore imports could fall slightly, as steel production in China will drop, while traders will also be reluctant to import iron ore due to the bearish outlook on iron ore prices," Wang Yilin, an analyst at Sinosteel Futures in Beijing.
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Tubarao is responsible for about a third of Vale's more than 300 million tonnes of annual iron ore and iron ore pellet exports.
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Iron ore giant Rio Tinto on Tuesday lowered its 2165 guidance for iron ore shipments citing "port and rail maintenance" during the quarter.
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Brazil is China's second-largest iron ore supplier after Australia, accounting for 23 percent of the country's total iron ore imports in 2018.
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The miner had posted a 3% drop in iron ore shipments in 2019 but forecast higher iron ore shipments in 2020 on Friday.
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The fees, paid by miners to smelters to process ore into refined metal, fall when there is insufficient ore supply to meet demand.
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MELBOURNE/BEIJING (Reuters) - Vale SA's catastrophic dam failure in Brazil may knock it off its perch as the biggest iron ore exporter as the resulting rally in high-grade ore prices steers buyers towards rivals offering cheaper ore, industry sources said on Wednesday.
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Hill said the mine would produce pulverised ore containing a higher-than-normal 21.3058 percent iron that could be fed directly into furnaces as pellets, or sphere-shaped high-quality ore that typically fetches a premium over the sandy iron ore fines.
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This month's leap in Asian spot iron ore prices coincided with the annual Global Iron Ore and Steel Forecast conference in Perth, capital of Western Australia state and home to the iron ore operations of three of the world's four biggest producers.
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Indonesia, which has large nickel laterite ore reserves used to make nickel pig iron for the stainless steel industry, relaxed a ban to export nickel ore in 2017, but said at the time exports of unprocessed ore will be restricted again in 2022.
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Indonesian state miner Aneka Tambang, formerly a nickel ore exporter, has been seeking other revenue streams since the ore export ban came into effect.
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Prices for Fortescue's ore fell over the quarter as China switched to higher-grade, less-polluting iron ore to reduce smog this past winter.
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Spot iron ore prices rose for its seventh week in eight as strength in the futures market lifted bids for physical iron ore cargoes.
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That was better than 503 million tonnes of ore and 250 million tonnes of pellets in the first quarter, when rains hurt ore output.
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Flattening demand from China — the world's top consumer of iron ore — is also set to weigh on Australia, the world's largest iron ore exporter.
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Local nickel ore producers have become the biggest suppliers to top consumer China after Indonesia imposed a ban on metal ore exports in 2014.
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Using high-grade iron ore with a 65 percent iron content consumes about 12 percent less coking coal than using 58 percent iron ore.
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But in order for miners to get high-grade ore, they have to dig through low-grade ore first, which then gets thrown out.
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"Steel production remains high and the use of iron ore is very high," said an iron ore trader in China's port city of Rizhao.
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Brazilian ore exports were severely hit this year by the breach of a Vale ore tailings dam in Brumadinho, in Minas Gerais, on Jan.
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China's growing steel output has driven its demand for iron ore after weaker prices over the past three years curbed ore production at home.
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Iron ore prices were boosted on concerns over tighter supply after BHP suspended its Western Australia iron ore rail operations due to an accident.
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Large-cap miner Rio Tinto Ltd hit a one-week high after it maintained its annual iron ore shipment guidance despite weakening ore prices.
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Local smelters, which typically prefer high-grade ore, will buy ore with below 1.7% nickel content from the miners, BKPM chief Bahlil Lahadalia said.
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The factory would mix the ore with chemicals and heat it to separate alumina from the ore — the first step in producing raw aluminum.
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The company mines coal, diamonds, iron ore, and platinum in South Africa through its businesses De Beers, Kumba Iron Ore and Anglo American Platinum.
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Iron ore prices soared following a disaster at a tailings dam owned by then top iron ore producer Vale SA in January last year.
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It bans North Korean exports of coal, iron, iron ore, lead, lead ore and seafood and prohibits countries from hiring additional North Korean labourers.
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Vale's high-quality ore is seen commanding strong demand in China, which aims to curb pollution fanned by making steel from lower-quality ore.
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Also on Thursday, a federal court in Brazil's Espirito Santo state ordered the closing of the iron ore and coal terminals at Vale's Port of Tubarão, which moves about 35 percent of Vale's iron ore and is one of the world's largest iron ore terminals.
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High inventories of iron ore at China's ports may cap any further increases in iron ore prices, said Commonwealth Bank of Australia analyst Vivek Dhar.
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"It's a little hard to buy high-grade iron ore at the ports," an iron ore trader in China's port city of Rizhao told Reuters.
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Australia's third-biggest iron ore miner Fortescue, which approved a new $1.3 billion iron ore mine in May, is also boosting exploration, including for lithium.
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Because Indonesia has part reversed its ban on ore shipments by allowing some producers, first and foremost Aneka Tambang, to export stocks of nickel ore.
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Additonal reporting by Marco Bello, Diego Ore, Andreina Aponte, Girish Gupta, Diego Ore, Eyanir Chinea and Carlos Rawlins; Editing by Andrew Hay and Mary Milliken
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But iron ore producer Fortescue closed up 0.13 percent, following an overnight uptick in iron ore prices to $58 a tonne, from $56.30 on Friday.
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Rio Tinto also got it wrong on Chinese domestic iron ore production - a key determinant on how much iron ore China will import - said Jacques.
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"We're worried that the mine accident might lead to higher premiums on low-aluminium iron ore," said an iron ore trader with Zheshang Development Group.
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The outperformance of higher grade iron ore does confirm that China's steel mills have been using better quality ore to maximise output and lower emissions.
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Labrador Iron Ore Royalty Corp said the strike is expected to adversely affect its revenue, which depends entirely on IOC's sale of iron ore productions.
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Because Indonesia has part reversed its ban on ore shipments by allowing some producers, first and foremost Aneka Tambang , to export stocks of nickel ore.
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That translates to 42-49 million tonnes of iron ore consumption, equivalent to about 3 percent of the global seaborne iron ore market, he said.
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The sanctions passed by the United Nations Security Council this month prohibited the export of North Korean coal, iron ore, lead, lead ore and seafood.
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This means that 271.3 percent ore is at a premium of $258 a tonne, or 623 percent, to 262 percent ore MT-IO-QIN262=ARG.
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Fresnillo, which mines gold and silver in Mexico, said silver output dropped last month mainly due to lower grades of ore and lower ore throughput.
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Last month, the U.N. Security council unanimously imposed new sanctions on North Korea targeting its exports of coal, iron ore, lead, lead ore and seafood.
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To combat severe winter smog, China has slashed iron ore output, pushing steel mills in the world's second biggest economy to import more high-grade ore.
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MNISTX-TOTAL * PHILIPPINES: The Philippines' top exporter of high-grade nickel ore is expected to shut its mining operations soon as ore deposits are nearly depleted.
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The world's third-biggest iron ore miner Fortescue, which approved a new $1.3 billion iron ore mine in May, is also boosting exploration, including for lithium.
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"The iron ore price cannot be bullish due to decreasing steel demand and increasing high grade iron ore supply," said Jeremy Platt from UK consultancy MEPS.
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BHP's first-quarter iron ore production rose 8 percent on strong Chinese demand for high-grade ore, but it cut fiscal 2019 guidance for copper production.
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Rio Tinto extracts more than 300 million tonnes of ore annually in Australia, making it the world's second-biggest iron ore miner after Brazilian giant Vale.
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Iron ore futures fell this week after Vale received approval to resume some operations, but Cutifani said Minas-Rio's high grade ore would remain in demand.
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It said they were involved in trade of coal, iron ore, lead, zinc and silver ore, lead metal and ferrous products as well as notebook computers.
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Imports of ore by China, the single largest customer for Philippine nickel ore, also fell to the tune of 22017 percent over the January-August period.
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Mining companies in Goa earlier lobbied to get the export duty on iron ore reduced given a large stockpile of already-mined ore in the state.
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High grade iron ore commands a premium and has become sought after by countries, including China, because processing it creates less pollution than lower grade ore.
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After being mined in a remote region of Siberia, a diamond is taken to an ore treatment facility, where the gem is extracted from the ore.
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While this has given a sharp overall boost to iron ore prices, the type of iron ore being taken from the market is just as critical.
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A rise in iron ore prices after the mine disaster was lifting BHP's shares as well as fellow Australian iron ore miners Rio Tinto and Fortescue.
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Fortescue has been hit by falling prices for its lower grade iron ore as Chinese steel mills have turned to higher-grade, less-polluting iron ore.
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The export surge reportedly included major sales of high-grade nickel ore, even though Indonesia only permits exports of ore with less than 1.7% nickel content.
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Philippine nickel miners may ramp up ore output by next year as they expect the Indonesian ore export ban and brisk demand to keep prices elevated.
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Heavy spending on the project, which churns out rich grades of ore, has driven up Vale's debt, coinciding with a sharp slide in iron ore prices.
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Mineral Resources said the amalgamation of its existing Pilbara iron ore assets with those of Atlas would lead to greater synergies and economies of scale, helping to drive down costs to ensure the consolidated iron ore business is sustainable amid lower prices for low grade iron ore.
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These figures were echoed by BHP's president of iron ore, Edgar Basto, at last week's Global Iron Ore and Steel Forecast Conference in Perth, in a presentation that went a long way toward justifying the company's planned $21 billion South Flank iron ore project in Western Australia.
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Unwrought copper arrivals hit their highest since December 2016, concentrate and ore shipments were their highest on record and iron ore imports were among the highest ever.
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Indonesia, which is a major source of nickel ore used mainly in the stainless steel industry, had said it would restrict exports of unprocessed ore from 2022.
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Throughout 2017, Indonesia issued permits to export more than 22 million tonnes of nickel ore and nearly 15 million tonnes of bauxite, the main ore for aluminium.
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Spot iron ore on the Dalian Commodity Exchange also rose, despite an overnight fall in Chinese iron ore futures to their weakest level in almost a month.
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FMG reported a 13 percent fall in third-quarter iron ore shipments on reduced demand in China, while the discount for its lower quality ore also widened.
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Iron ore miner Fortescue Metals slumped 5.7 percent after it said quarterly iron ore shipments fell 8.6 percent from a year earlier, on reduced demand from China.
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Fortescue, the third-biggest producer in the world's top iron ore exporter, enjoys low production costs and can still be profitable at low prices for its ore.
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Earlier this month the United Nations Security Council unanimously imposed new sanctions on North Korea targeting its exports of coal, iron ore, lead, lead ore and seafood.
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Of the four major global iron ore suppliers - Vale sits at the top and Fortescue the bottom - Vale mines the highest and Fortescue the lowest grade ore.
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He also called for related regulators to strictly supervise iron ore price indexes, iron ore spot and futures trading and crack down on irregularities and vicious speculation.
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Block caving involves undermining an ore body and then allowing it to collapse under its own weight, with the broken ore removed through a network of tunnels.
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Rio Tinto, the world's No. 2 iron ore miner, on Tuesday reported a 14 percent drop in quarterly iron ore shipments and trimmed its 2019 shipments estimate.
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"We know that there is high grade iron ore there (Simandou) ... it makes sense to look at where those high-grade iron ore deposits are," Gaines said.
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The U.S.-drafted resolution bans North Korean exports of coal, iron, iron ore, lead, lead ore and seafood following Pyongyang's two intercontinental ballistic missile tests in July.
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"While global iron ore demand is projected to remain relatively flat, continued displacement of domestically produced iron ore in China with seaborne iron ore is expected to result in a modest increase in international trade," Australia's Department of Industry, Innovation and Science said in its latest quarterly commodities paper.
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In the first stage of ore treatment, huge chunks of ore are whittled down to pieces no bigger than about five centimeters, or two inches, first using jaw crushers and then through a "wet milling" process, which uses water to break down the lumps of ore even smaller.
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Indonesia, the world's biggest nickel ore producer, accounted for 26% of global nickel ore supplies last year, according to the International Nickel Study Group, and the ban will affect the supply of ore to China, the world's biggest nickel consumer, which uses the metal to make stainless steel.
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Hancock, which owns the Roy Hill iron ore mine, is hoping to use the ore for blending and to potentially extend the life of the company's existing mines.
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Given Chinese ore is of a considerably lower grade than imported ore, this would probably equate to less than 400 million tonnes on a 62-percent iron basis.
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Indonesia, the world's top nickel ore supplier, said in September that it will stop ore exporta in 2020, pushing forward a ban by two years and lifting prices.
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Indonesia, the world's top nickel ore supplier, said in September that it will stop ore exports in 2020, pushing forward a ban by two years and lifting prices.
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ERG, which is registered in Luxembourg, has ferrochrome, aluminum, iron ore and energy operations in Kazakhstan, copper and cobalt assets in Africa and iron ore mines in Brazil.
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China's demand for the high-grade iron ore that is a speciality of Rio's Pilbara operations is buoyant; iron ore accounts for about two-thirds of its earnings.
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It could make Guinea one of the world's top iron ore exporters, but analysts caution the world already has a surplus of iron ore for the foreseeable future.
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While weaker margins had spurred appetite among Chinese mills for cheaper, lower grade iron ore, ANZ said Beijing's environmental campaign should still support demand for higher grade ore.
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IRON ORE SOFTENS At the same time, iron ore has retreated, with Dalian Commodity Exchange futures falling from their closing peak of 74.053 yuan a tonne on Feb.
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And hopes that General Nice, one of China's top coal and iron ore importers, would develop iron ore in Greenland have been put on hold by low prices.
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Among midcaps, iron ore pellet producer Ferrexpo jumped 6.3 percent as higher iron ore prices took precedence over the company delaying annual results again, with charity investigation continuing.
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Its trading volume in iron ore was about 21000x that of the second-ranking trader in 2110H21000, or 211% of China's imported iron ore volume during the period.
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"I don't think any disruption would matter as demand is now focused on low-grade iron ore," said an iron ore trader in the city-state of Singapore.
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The partnership with Huayou would support Indonesian government efforts to have mining companies build more ore processing facilities to produce higher-value finished products rather than exporting ore.
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Nervousness about supplies from top exporter Indonesia faded after the government allowed nine companies to resume nickel ore exports following reports of ore export rules violations and inspections.
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Officials say hydro plants that could draw directly from the ice sheet could power a proposed new aluminum smelter and iron ore mines such as for iron ore.
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Given the historical correlation between steel and iron ore prices, it was always likely a matter of time before iron ore caught up to the weakness in steel.
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China imported 12 percent less nickel ore in the first ten months of the year at 26.2 million tonnes and its ore stockpiles are near five-year lows.
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La realizzazione di ogni abito richiedeva tra le 10 e le 50 ore e la signora Colamita ha raccontato di aver lavorato per 16-18 ore al giorno.
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Pandjaitan said exports of nickel ore had surged since September when the government announced it was moving forward a ban on ore exports to January 2020 from 2022.
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"The main advantage of Iran ore is it's low cost," said a trader who buys 2 million to 3 million tonnes of iron ore from Iran a year.
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It has surged 65% so far this year on worries of a shortage after top ore supplier Indonesia said it would ban nickel ore exports from next year.
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BHP benefited from a 32 percent rise in iron ore pricing in fiscal 2017, owing to greater demand from Chinese steelmakers, which buy the majority of the ore.
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What Iran said it would do now Uranium ore Uranium ore contains less than 1 percent of U-235, an isotope used to fuel reactors and make bombs.
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Already it would appear that mills are starting to prefer lower grade iron ore, which reduces their costs but also produces less steel per tonne of ore used.
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The company has what it calls four pillars of growth - iron ore, copper, petroleum products and coal, whereas Rio derives about 80 percent of its profits from iron ore.
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Brazil, which is the main supplier of higher-grade iron ore, hasn't been able to increase its share of China's seaborne iron ore market, according to the shipping data.
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Vale, which is also the world's top iron ore producer, kept iron ore production forecasts stable for next year at 390 million tonnes, rising to 400 million in 2019.
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BEIJING (Reuters) - Chinese miners plan to jointly apply for an anti-dumping investigation into iron ore and iron ore products imported from Australia and Brazil, a miners association said.
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Simandou contains high grade iron ore, which commands a premium and has become sought after by countries, including China, because processing it creates less pollution than lower grade ore.
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Fortescue is eager to improve the quality of its iron ore as its biggest customer, China, is increasingly demanding higher quality ore for steel mills to help cut smog.
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And that other industrial bellwether, iron ore, had fallen below $40 per ton for the first time since anyone even thought in terms of a spot iron ore price.
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The industry body predicted that iron ore prices were unlikely to see large rises as they would be curbed by a glut in the steel and iron ore markets.
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Iron ore shipments to China from the world's biggest iron ore port totaled 33.5 million tonnes in February, compared with January's 35.1 million tonnes, the Pilbara Ports Authority said.
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Australia's Fortescue Metals Group, the world's No. 4 iron ore producer, expects iron ore demand from Handan, Tangshan and other parts of Hebei, as well as Tianjin, to drop.
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Capesizes typically transport 150,000-tonne cargoes such as iron ore and coal and have been particularly affected by a fall-off in coal and iron ore demand in China.
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Imports accounted for about 85 percent of China's total iron ore consumption, driving down capacity utilization at domestic iron ore miners and causing losses and shutdowns, the association said.
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The company, which is registered in Luxembourg, has ferrochrome, aluminum, iron ore and energy operations in Kazakhstan, copper and cobalt assets in Africa and iron ore mines in Brazil.
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It also plans to launch iron ore options in 2019, offering more hedging tools to iron ore producers and steelmakers as well as being more competitive in global market.
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Spot iron ore has rallied 23.2 percent this year as surging coal prices prompted Chinese steel mills to use higher grade ore to boost efficiency and consume lesser coal.
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The rally in commodity stocks was fuelled by a rise in iron ore prices as steel and iron ore futures in China advanced for a third session on Wednesday.
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In November, Rio officially bankrolled a $21.3914 billion futuristic iron ore mine in the resource-rich Pilbara region, aiming to cash in on the rising Chinese demand for finer ore.
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While Australia is the top iron ore exporter to China with 652 million tonnes exported from Western Australia last year, Brazil has been catching up rapidly with better quality ore.
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Fortescue, the world's fourth-largest producer of iron ore, had its biggest one-day slip in a month despite reporting a modest rise in iron ore shipments for the quarter.
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Prices of iron ore have spiked this year after disruptions caused by a cyclone in Western Australia added to a supply cut from the world's top iron ore miner Vale.
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Meanwhile, Vale's shares fell more than 20.41% as iron ore prices slumped after a resumption at the company's largest mine pushed Brazil's iron ore exports to a nine-month high.
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Iron ore with 58% content for delivery to China , as assessed by commodity price reporting agency Argus, has narrowed the gap on higher grade 62% ore.
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SYDNEY (Reuters) - A leading mining group in Australia on Wednesday denied allegations by Chinese iron ore miners that Australian counterparts were dumping ore at cheap prices to push them out.
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Vale produces some of the world's highest grade iron ore, but has long complained it does not fetch the premium its high quality iron ore deserves in the international market.
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The Philippines became the world's top nickel ore exporter after Indonesia banned exports of unprocessed ore in 2014, a move meant to spur the development of higher value smelting industries.
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"We've had pretty good sales over past few months, as steel mills are profitable again since June," said an iron ore trader in Beijing, who sells 65-percent iron ore.
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Some trucks carry empty soil to dump nearby, while others carry kimberlite ore to the factory for the ore enrichment process, to separate the rough diamonds from the other stones.
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Heavy separation: Medium-sized chunks of ore are processed in jigging machines and dense media separation units that use pulsating jets of water to separate the diamonds from the ore.
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A poll of the hundreds of industry participants at the Singapore Exchange's (SGX) Iron Ore Forum in Singapore on Thursday showed an increasing pessimism about the price for iron ore.
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Indonesia, the world's biggest nickel ore exporter, allowed nine nickel companies to resume ore exports this week, after halting shipments for two weeks to investigate reports of export rule violations.
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China imported the most iron ore on record in the first quarter, but iron ore and steel futures prices are nosediving on fears that its steel production is outweighing demand.
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Indonesia, the world's biggest supplier of nickel ore, on Friday announced that it would expedite a ban on mineral ore exports by two years from an original schedule of 2022.
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In 2020, when last year's top producer Indonesia is due to ban its ore exports, China is expected to rely mainly on nickel ore from the Philippines, according to analysts.
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Australia's mining index ended at its lowest in one month after the world's No. 4 iron ore miner Fortescue Metals Group dived 5.4 percent on weakness in iron ore prices.
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"Domestic steel mills' restocking supports demand for iron ore," Huatai Futures wrote in a note, adding that iron ore prices are anticipated to be relatively strong in the short term.
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Iron ore shipments to China from the world's biggest iron ore port totaled 35.5 million tonnes in August, up from July's 32.4 million tonnes, according to the Pilbara Ports Authority.
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Vale's return to form is expected to dispel concerns about a potential supply shortfall in iron ore, and will likely cause iron ore prices to retreat in the near-term.
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China's iron ore futures extended their surge to record highs on Wednesday, boosted by concerns over tight supply after production disruptions at leading iron ore miners in Australia and Brazil.
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Shares of Brazilian miner Vale SA, for example, the world's largest iron ore producer, hit an all-time high last month on strong Chinese demand for its high-quality ore.
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Iron ore with 58% content for delivery to China MT-IO-QIN58=ARG, as assessed by commodity price reporting agency Argus, has narrowed the gap on higher grade 62% ore.
|
|
Declining ore quality at Escondida in Chile, the world's largest copper mine, led to higher costs as the miner had to process more ore, while falling prices also stunted copper earnings.
|
|
BEIJING (Reuters) - China's Dalian Commodity Exchange (DCE) said on Wednesday it will adjust the quality standards for deliveries of iron ore in order to meet market demand for high-grade ore.
|
|
There were signs of stockpiling by China, the world's biggest nickel ore buyer, in August, amid rumors of the ban, but confirmation led to a bigger rush for ore in September.
|
|
As a result of years of squabbling over mining rights, for example, not one tonne of ore has been extracted from Simandou, a vast iron-ore deposit in south-east Guinea.
|
|
Citi analysts expect iron ore to average $38 a tonne in the fourth quarter, while an Australian government forecast pegs iron ore at $45 a tonne by the end of December.
|
|
BEIJING (Reuters) - China's iron ore futures rose more than 2100 percent on Tuesday, stoked by concerns over tight supply as Vale halted resuming operations at its Brucutu iron ore mining complex.
|
|
Iron ore producer Fortescue Metals was also under pressure, falling about 2.4 percent after it reported a 2 percent decline in third-quarter iron ore shipments on reduced demand in China.
|
|
L said on Thursday it is watching for signs of a revival in domestic iron ore mining in China later this year to reduce reliance on imports amid firmer ore prices.
|
|
Below are details of Iran's main minerals, based on data from IMIDRO: * Iron ore - Iran produced 34 million tonnes of iron ore in 2014 and has 2.7 billion tonnes of reserves.
|
|
Now the fourth driver which is the key source of uncertainty, and therefore potential volatility, in terms of iron ore prices is in relation to the iron ore production in China.
|
|
"A likely destocking in iron ore and falling steel margins may weigh on iron ore prices in the short term," ANZ strategists Daniel Hynes and Soni Kumari said in a report.
|
|
A rise in domestic ore could give mills some leverage to push for better deals on imports from Rio Tinto, Vale and BHP Billiton, which dominate the seaborne iron ore market.
|
|
Mining stocks slipped more than 2.5 percent as iron ore prices plunged in anticipation of increased supply after Vale SA was set to restart work at its largest iron ore mine.
|
|
The Mount Newman railway line carries ore from Newman in Australia's iron ore-rich Pilbara to Port Hedland across a remote 426 kilometres and is one of Australia's longest private railways.
|
|
"Bad weather, substitution of domestic ore with better quality imported ore caused by the anti-pollution policy, and strong steel prices...have all helped to push freight rates up," Ong said.
|
|
The industry benchmark is ore with an iron content of 62 percent, a quality level that is met by most Brazilian ore, as well as by top Australian miner Rio Tinto.
|
|
The primary hedging tools are iron ore swaps and futures on the Singapore Exchange, the most liquid dollar-denominated marketplace for iron ore derivatives where volumes picked up as prices rallied.
|
|
More Chinese mills are opting for high-grade iron ore to boost productivity and limit emissions, opening the door wider for suppliers of better quality ore to the world's biggest buyer.
|
|
The declines followed customs data on Sunday that showed iron ore imports fell 2.2 percent in April from March, while copper ore and concentrate imports shed 8 percent on the month.
|
|
The company said in the first quarter, iron ore production at its Kumba Iron Ore Ltd business fell 27 percent as its Sishen mine moves to a lower cost pit configuration.
|
|
Rio is among the largest iron ore miners in the world, and a cut to its shipments guidance spells tighter supply, which could push up iron ore prices in the future.
|
|
"Indonesian nickel ore export ban stoked fears of supply tightness, though the ban is for 2022 and will not impact immediate availability of the metal ore," said ANZ in a note.
|
|
China is demanding new sources of nickel ore to feed its vast stainless steel industry after the Philippines, the world's biggest ore exporter, halted production at some mines for environmental violations.
|
|
Defying the bullish mood, heavyweight iron ore miners BHP Group and Rio Tinto closed 0.3% and 0.83% lower, respectively, on the prospect of lower iron ore prices in the near term.
|
|
The group said that the losses in iron ore markets came despite modest strength in Chinese rebar and iron ore futures earlier in the session, something that continued in overnight trade.
|
|
The Indonesian nickel miners association (APNI) has claimed that two giant smelters control 60% of the local nickel ore market and determine prices in Indonesia, the world's biggest nickel ore exporter.
|
|
"Miners had increased iron ore shipments once impacts (of bad weather) were removed...in order to cash in the high iron ore prices," said Richard Lu, analyst from CRU in Beijing.
|
|
Iron ore for immediate delivery to China's Tianjin port .
|
|
SAO PAULO (Reuters) - Brazilian iron ore miner Vale (VALE2382.
|
|
He graduated from Lewis & Clark College in Portland, Ore.
|
|
Past coverage: Review | Feature | Off-Broadway Review | Ashland, Ore.
|
|
Last year, Badrujaman said Antam hoped to export 20 million tons of low-grade ore to help attract smelter project financing, around 10 times more than the ore it currently processes domestically.
|
|
But three buckets of ore sitting in a basement or in a closet is a lot different than somebody going down into a mine and working for 30 years mining uranium ore.
|
|
Baosteel's results followed iron ore supply concerns as a deadly tailings dam collapse in Brazil in January and a tropical cyclone in Western Australia in March disrupted operations at iron ore mines.
|
|
Oil prices fell more than 1 percent on concerns over rising U.S. production, while huge iron ore stockpiles in China sent Chinese iron ore futures to near their weakest level since November.
|
|
"The short-term impact is limited considering the mine itself only has 7.8 million tonnes capacity and China's current iron ore inventory is still high," a Qingdao-based iron ore trader said.
|
|
Indonesia announced in 2014 a ban on ore shipments to push miners to build smelters to process ore locally, although it allowed some concentrate exports to continue amid protests from the industry.
|
|
What is known is that Libya imported uranium ore concentrate from Niger, bought a uranium conversion facility in 1984, exported uranium ore to another country for processing and then reimported compounds back.
|
|
Women typically drive passenger trucks for the workers, but not the trucks that carry ore — although a couple of women are currently in training to drive the ore trucks, I was told.
|
|
China is the world's biggest steel producer and iron ore consumer, but growing supplies from Australia and Brazil and the low quality of ore mined locally has increased Beijing's reliance on imports.
|
|
And a slide in iron ore prices in the past three years prompted more Chinese steel mills to opt for better quality imported ore and forced many to shut down last year.
|
|
The miners on Monday agreed to stop nickel ore exports immediately, two months earlier than a nation-wide nickel ore exports ban set to be imposed by the government from next year.
|
|
The world's fourth-largest iron ore miner forecast stronger iron ore shipments in 220, but also flagged higher costs as it ramps up production to meet demand from China, its largest market.
|
|
Having a second operation allowed Fortescue to blend ore with high iron grades - but also high levels of unwanted alumina and silica - with ore bearing fewer impurities but lower in iron richness.
|
|
Rio Tinto, the world's No. 2 iron ore miner, said it appointed Chris Salisbury as head of its iron ore business, replacing veteran Andrew Harding, in a reshuffle of its executive team.
|
|
Vale, the world's top iron ore producer, said iron ore output reached 96.755 million tonnes in the period while pellet output hit 12.838 million tonnes, despite the strike over rising diesel prices.
|
|
Traders said further margin weakness will spur demand for lower grade ore from farther afield, including from India, South Africa and even Indonesia, particularly if stocks of domestic ore continue to decline.
|
|
The latest round of sanctions includes fresh restrictions, unanimously approved Saturday by the United Nation Security Council, that target North Korean exports of coal, iron, iron ore, lead, lead ore and seafood.
|
|
The loss of Brazilian ore from the seaborne market helped drive prices higher, with 62 percent iron ore delivered to China, as assessed by Argus Media, peaking at $90.75 a tonne on Feb.
|
|
With flows from Indonesia cut off since it banned ore exports at the start of 2400, NPI producers have been living off their stocks and a secondary flow of ore from the Philippines.
|
|
Miners have benefited since February after top iron ore supplier Brazil's Vale SA's tailings dam collapsed, sending iron ore prices soaring as operations at multiple other mines were halted due to safety concerns.
|
|
Iron ore prices have come along for the ride, with 22016-percent iron ore grade, as assessed by Argus Media MT-IO-QIN25.9=ARG, jumping 8.83 percent from a recent low on Nov.
|
|
This means that ore with an iron content of 62 percent or higher should command a greater period during the winter restriction period than those poorer quality grades, such as 58 percent ore.
|
|
The world's biggest miner said its second-quarter iron ore production fell 9 percent and it flagged a $600 million negative impact due to production disruptions at its copper and iron ore operations.
|
|
However, four Chinese iron ore traders said they were concerned that supplies of high-grade Brazilian ore could tighten if the government orders other Vale mines shut to probe for additional safety issues.
|
|
Anglo-Australian mining giant Rio Tinto said on Monday it had submitted feasibility studies to the Guinea government for its massive Simandou iron ore project, considered the world's biggest untapped iron ore deposit.
|
|
Among individual movers, miner BHP closed up 2.83 percent after announcing an 8 percent increase in third-quarter iron ore production, although it also slightly cut fiscal year 2018 guidance for iron ore.
|
|
MELBOURNE, Nov 13 (Reuters) - Iron ore shipments to China from Australia's Port Hedland terminal, the world's biggest iron ore port, slipped 0.7% in October from a month earlier, port data showed on Wednesday.
|
|
However, it is likely that if weakness persists in steel and iron ore prices, the dynamic so far this year of Chinese steel mills preferring high grade iron ore may start to unwind.
|
|
IOC, 1373 percent owned by the Anglo-Australian miner, 26 percent by Japan's Mitsubishi Corporation and 15 percent by Labrador Iron Ore Royalty Company, is one of Canada's largest producers of iron ore.
|
|
LONDON (Reuters) - Vale SA, the world's top iron ore producer, said a judge was soon to ratify a settlement with the Brazilian government regarding its Samarco iron ore joint venture with BHP Billiton.
|
|
It reduced its 2019 price forecast for iron ore fines (CFR China) by over 10% to $88 per tonne, while that of iron ore lump (CFR China) was cut to $106 per tonne.
|
|
For the first-half of the year, the world's biggest iron ore consumer brought in 499.09 million tonnes of ore, down 5.9% from the same period a year ago, the customs data showed.
|
|
In company news, BHP reported a 20.73% drop in its iron ore production for the three months that ended in September, citing planned maintenance at an important iron ore port in Western Australia.
|
|
The Anglo-Australian miner posted a 21.6 percent fall in second-quarter iron ore production and flagged a $21.6 million negative impact due to production disruptions at its copper and iron ore operations.
|
|
More so than steel, iron ore inventories have some way to drop before there would be pressure to rebuild, meaning the iron ore price probably has more downside potential than that for steel.
|
|
Chanh Tran, 47, worked at Gina's Restaurant in Woodburn, Ore.
|
|
The incident took place at a store in Gresham, Ore.
|
|
Spot iron ore for immediate delivery to China's Tianjin port .
|
|
However, prices for steel making raw material iron ore fell.
|
|
Iron ore is down more than 10 percent this year.
|
|
Graphic on Dalian iron ore price and port inventories: tmsnrt.
|
|
The comments, made during an evening rally in Eugene, Ore.
|
|
Zoe Keller is a visual artist based in Portland, Ore.
|
|
AIE also includes iron ore magnate Andrew Forrest's Squadron Energy.
|
|
Warriors rout Trail Blazers to complete series sweep PORTLAND, Ore.
|
|
Brazil stocks fell 0.4% as iron ore miner Vale weighed.
|
|
Why would someone keep uranium ore around in a bucket?
|
|
Miners slumped 23%, shrugging off record high iron ore prices.
|
|
That's exactly what The Grilled Cheese Grill in Portland, Ore.
|
|
Iron ore stood at $57.40 a metric ton on Wednesday.
|
|
Global Ferronickel is the Philippines' No. 2 nickel ore producer.
|
|
A sharp drop in China iron ore futures hit miners.
|
|
Last year coal overtook iron ore as Australia's biggest export.
|
|
Iron ore miner Fortescue Metals Group Ltd dipped 1.5 percent.
|
|
An accident on April 15 interrupted CSN's iron ore exports.
|
|
China's iron ore imports reached 93 million tons in September.
|
|
University of Oregon students walk across campus in Eugene, Ore.
|
|
Education ranks even higher, behind only iron ore and coal.
|
|
Earl Blumenauer (Ore.), are among the first backers of Rep.
|
|
Like many major commodities, iron ore usually trades in backwardation.
|
|
The Dalian benchmark iron ore contract was launched in 2013.
|
|
Blazers ride Nurkic to OT win over 163ers PORTLAND, Ore.
|
|
Minas Rio's iron ore production climbed to 5.9 million tonnes.
|
|
Iron ore prices closed 0.9 percent firmer at 513.5 yuan.
|
|
MORE in 2011 after he toured the company's Hillsboro, Ore.
|
|
The Philippines is the top nickel ore supplier to China.
|
|
Reporting by Lizbeth Diaz and Diego Ore, Editing by Rosalba
|
|
Graphic on the seasonality of Philippines nickel ore imports: tmsnrt.
|
|
The legendary Apple CEO attended Reed College in Portland, Ore.
|
|
Blazers cruise past Cavaliers in Stotts' 200th win PORTLAND, Ore.
|
|
This technology is commonly used for ore and oil prospecting.
|
|
The more spirit you have the ore you'll show up.
|
|
Headlines * Rio Tinto cuts 2016 iron ore shipment guidance on.ft.
|
|
Lawrence P. O'Dea III, the police chief in Portland, Ore.
|
|
The iron ore price stands at around $75 per tonne.
|
|
Spot iron ore last traded below $52 in June 2017.
|
|
SXPP 0.4% lower as iron ore and copper prices fell.
|
|
I gave them all an A. GARY MIRANDA PORTLAND, ORE.
|
|
Uranium One did export some of its U.S. uranium ore.
|
|
But they're not digging in the ground or refining ore.
|
|
To supply its steel mills, China needed Australia's iron ore.
|
|
Graphic on Dalian Iron ore volumes and open interest: tmsnrt.
|
|
Fourteen cars in an oil train derailed near Mosier, Ore.
|
|
Rounding out the top five are Minneapolis; Denver; Portland, Ore.
|
|
He graduated from Lewis and Clark College in Portland, Ore.
|
|
McCollum hits game winner asTrail Blazers defeat 76ers PORTLAND, Ore.
|
|
Clippers' Paul breaks hand as Blazers even series PORTLAND, Ore.
|
|
But maybe not if you are an iron ore miner.
|
|
The East Coaster ultimately moved West, settling in Portland, Ore.
|
|
It happened in March, at a rally in Portland, Ore.
|
|
Demonstrations were also reported in Pittsburgh, Seattle and Portland, Ore.
|
|
The effectiveness of this training was displayed in Mosier, Ore.
|
|
Blazers beat Spurs on Vonleh's basket at buzzer PORTLAND, Ore.
|
|
But Ms. Reichardt, a transplanted Easterner based in Portland, Ore.
|
|
Mark Hatfield (R-Ore.), will work on the account. ARTS.
|
|
Since then the prices of oil LCOc1 and iron ore .
|
|
The agreement comes as iron ore prices have been recovering.
|
|
He might go to a remote park around Portland, Ore.
|
|
"It doesn't cost anything to do the training," Ore said.
|
|
A minirailway system transports miners and ore back and forth.
|
|
After a Marine attacked an Iraqi restaurant in Portland, Ore.
|
|
The fate of the world, or at least Portland, Ore.
|
|
He is a son of Deborah Cater of Eugene, Ore.
|
|
Indonesia plans to ban nickel ore exports from January 2020.
|
|
Aidy Bryant stars as Annie, a writer in Portland, Ore.
|
|
Jake Creviston is a psychiatric nurse practitioner in Portland, Ore.
|
|
He is a son of Ms. Hale of Beaverton, Ore.
|
|
P.R. Candidate who has visited state or territory MINN. ORE.
|
|
Peacocks, but not peahens MALES State capital = SALEM, Ore. 44A.
|
|
Taylor Dumpson had sued Evan James McCarty of Eugene, Ore.
|
|
The bride, who is 30 and works in Hillsboro, Ore.
|
|
The groom, 31, is a finance manager in Beaverton, Ore.
|
|
But he never forgot his difficult childhood in Portland, Ore.
|
|
Philadelphia sealed its gang database from ICE, and Portland, Ore.
|
|
Jay Gregg, a retired lumber broker from Lake Oswego, Ore.
|
|
He now works at Polysync, a company in Portland, Ore.
|
|
Freeman interned at Sweet Momentum, a gym in Portland, Ore.
|
|
Point of Pride, a transgender nonprofit based in Eugene, Ore.
|
|
Judge Ann Aiken, of Federal District Court in Eugene, Ore.
|
|
And Stanford, which late Saturday night escaped from Eugene, Ore.
|
|
Phoenix Tweedy, who is 21 and from Forest Grove, Ore.
|
|
Debbie Huffaker, a mother of five in Grants Pass, Ore.
|
|
Garry Small Saab, a family business based in Portland, Ore.
|
|
His father became a judicial administrator for Multnomah County, Ore.
|
|
Nelle prime ore dell'indagine, Nagy parlò con una franchezza sorprendente.
|
|
He is a son of Tammy Tone of Tillamook, Ore.
|
|
Years ago, while covering a track meet in Eugene, Ore.
|
|
Mining stocks fell 0.4%, dented by lower iron ore prices.
|
|
Meanwhile, iron ore shipments in the fourth quarter ended Dec.
|
|
The miner posted a 3% rise in iron ore production.
|
|
Now that man, Harold Eugene Denson III, of Portland, Ore.
|
|
Blazers beat Wolves, inch closer to playoff berth PORTLAND, Ore.
|
|
Qi was founded in June 2018 by the Portland, Ore.
|
|
Some cities, including San Francisco, Paris, Atlanta and Portland, Ore.
|
|
P.D.T., its path will cut from just outside Portland, Ore.
|
|
He bought into companies that mined zinc and iron ore.
|
|
Judge John Hodgman Iain writes: I moved to Portland, Ore.
|
|
The family later moved to Gladstone, just outside Portland, Ore.
|
|
The bride's father owns Duyck Family Farms in Roy, Ore.
|
|
Wayne Scott is a writer and psychotherapist in Portland, Ore.
|
|
No. 1 Duke needs OT to down Texas PORTLAND, Ore.
|
|
Exports of other ore and concentrates will stop in 2022.
|
|
M.), Kate Brown (Ore.), Tom Wolf (Penn.), Gina Raimondo (R.
|
|
In a telephone interview from his home in Portland, Ore.
|
|
He shared three beautiful shots from atop the Prineville, Ore.
|
|
Since then, Tech Solidarity has held rallies in Portland, Ore.
|
|
But consider again those high and rising iron ore stocks.
|
|
Graphic on imports of nickel ore from the Philippines: tmsnrt.
|
|
Reporting by Alexandra Ulmer and Diego Ore; Editing by Will
|
|
After moving to her new community, Vathani, a Roseburg, Ore.
|
|
Kim Stafford is a writer and teacher in Portland, Ore.
|
|
Kim Stafford is a writer and teacher in Portland, Ore.
|
|
Authorities said the man, Kevin Purfield, 51, of Portland, Ore.
|
|
When Dr. Daniel Gibbs, 68, a neurologist in Portland, Ore.
|
|
CreditCreditIan C. Bates for The New York Times BEND, Ore.
|
|
It's also possible that Indonesia will resume exports of nickel ore after the government introduced new regulations that allow miners to export some unprocessed ore if they are using the capacity at their refineries.
|
|
China's raw iron ore is mostly low grade, with iron content of around 30 percent or less, compared with more than 60 percent for iron ore produced by international miners such as Brazil's Vale .
|
|
Fortescue Metals Group CEO Nev Power said on Wednesday that he expects iron ore prices to stabilize, as China attempts to curb commodity market speculation, which had resulted in iron ore future prices rallying.
|
|
Rio, the world's second largest iron ore miner, expects solid demand for the steel-making ingredient, especially for its high-grade iron ore as Chinese steelmakers increasingly focus on higher productivity and lower emissions.
|
|
Vedanta, the biggest iron ore miner in the state, said in March it would likely record an impairment charge of up to $600 million following the closure of its iron ore business in Goa.
|
|
In addition, despite the recent rally in ore prices, a deal by which Vale would sell a stable stream of iron ore shipments to investors for a long period remains "an option," Ferreira said.
|
|
Iron-ore miners fell heavily, tracking weaker iron ore futures in China, which fell more than 2 percent on Monday after inventories at Chinese ports surged to the highest in at least 13 years.
|
|
This dramatically cut exports from the world's number two shipper of iron ore, with the situation being made worse by a cyclone disrupting exports in March from Australia, the world's biggest iron ore producer.
|
|
Now, faced with an iron ore glut and a struggling steel industry, Beijing is expected to take a kinder view of a proposed tie-up involving the world's largest iron ore miner, sources say.
|
|
"The type of iron ore being used to process vanadium has changed and more steel producers are using Australian iron ore and less vanadium rich magnetite ores," analyst John Meyer of SP Angel said.
|
|
Shares of iron ore miner Fortescue Metals Group edged up 0.2%, after the company said it had lost out in its bid to develop two blocks at the Simandou iron ore deposit in Guinea.
|
|
Indonesia, the largest nickel ore producing country, has left its biggest customers in China - mostly manufacturers of primary nickel - fearing a raw material shortage after bringing forward a ban on ore exports to Jan.
|
|
The problem for Chinese steel mills in switching to lower quality iron ore is that more ore is needed to produce the same amount of steel, and thus more coking coal is also needed.
|
|
Perhaps Chinese steel mills find a price of more than $100 a tonne for iron ore too rich, which may suggest that their preferred option may be to start using more lower-quality ore.
|
|
Some of the trucks are carrying empty soil to dump nearby, while others are taking kimberlite ore to the factory for the ore enrichment process, to separate the rough diamonds from the other stones.
|
|
Judging from the presentations at this week's conference in Perth, the increased dynamics in iron ore pricing and trading have yet to make much of a mark in the thinking of iron ore producers.
|
|
Glencore's joint venture with British Virgin Islands-incorporated Zanaga Iron Ore Co plans to ship 2 million tonnes of iron ore per year over the next two years, and 30 million tonnes by 2024.
|
|
Iron ore miner Fortescue Metals Group Ltd said its board approved the development of a $1.28 billion mine and rail project in Western Australia to boost the price it gets for its iron ore.
|
|
China's domestic iron ore production jumped 220 percent in January-February as a price rally last year extended into 24, causing imported ore to pile up at the ports of the world's top buyer.
|
|
"Long-term, this could be viewed as the first step of a more disciplined approach to iron ore supply by aligning two of the world's 'big four'" iron ore mining companies, the note said.
|
|
On Friday, Nickel ore shipments ordered by the administrator, FTI Consulting, were diverted away from the refinery because Palmer's new entity declined an offer to purchase the ore, a spokesman for FTI told Reuters.
|
|
BEIJING (Reuters) - Chinese steel mills facing a slump in profit margins are scrambling for lower grade iron ore to cut costs, squeezing supplies and halting a long-standing market trend toward higher grade ore.
|
|
South Africa's Kumba Iron Ore, a unit of Anglo American, said on Friday it would maintain its rail and port logistics infrastructure to support the export of iron ore which it expected to continue.
|
|
Among material stocks, iron-ore miner Fortescue Metals Group rose as much as 2.2 percent after Chinese iron ore futures jumped more than 5 percent on Friday, boosted by a rally in steel prices.
|
|
"In Son Pahadi we have found 2,940 tonne... in the Hardi Pahadi area 646 kilogram of ore has been traced," Jacob told Reuters, referring to the two areas where gold ore had been discovered.
|
|
Miners in top global ore producer Australia are expected to benefit most from this switch as they mostly produce medium and low-grade ores, said Erik Hedborg, senior iron ore analyst at CRU consultancy.
|
|
IRON ORE STRENGTH, COAL SLIPS Imports of iron ore surged to a 20-month high in September, reaching 99.36 million tonnes, up 4.8% from August and 6.3% from the same month a year earlier.
|
|
Fortescue Metals Group, the world's fourth-largest iron ore producer, is aiming to start producing higher-grade iron ore as well from December as it addresses the widening discount for its lower grade material.
|
|
The global miner on Tuesday said it had lifted its third quarter iron ore shipments by 6 percent, after a sluggish first half when bad weather and rail track maintenance crimped iron ore production.
|
|
Regular supply from Indonesia has now resumed after that country part-reversed its ban on ore exports, helping to lift total Chinese imports of ore and concentrates by 212 percent so far this year.
|
|
Iron ore imports from North Korea slowed by almost a quarter during the month and Reuters has reported that Beijing is now pressuring iron ore traders not to buy the commodity from North Korea.
|
|
Combined, global miners are expected to have shipped out less iron ore in the last quarter of 313 than in 2017, however buoyant iron ore prices are expected to drive a solid season for earnings.
|
|
Indonesia was the world's top nickel ore exporter before it imposed a ban on unprocessed nickel ore exports in 2014 in a bid to encourage miners and customers to invest in a domestic processing industry.
|
|
SAO PAULO, Aug 10 (Reuters) - Vale SA, the world's largest producer of iron ore, denied it plans to raise cash from the sale of future iron ore output through a so-called streaming financing transaction.
|
|
Prices of iron ore and coke, key ingredients in steel-making, jumped with Dalian iron ore futures, rising 2302.5 percent to a 2-1/2 week high while coke for January delivery gained 1.6 percent.
|
|
Last month, BHP said its second-quarter iron ore production fell 9 percent after it was forced to derail an iron ore-cargo train after it ran away en route to a key shipping hub.
|
|
It involves stacking crushed ore over a pad, pouring on acid and water and blowing air up through it to leach out the metals, a process that takes around 12 months for the complex ore.
|
|
"We have performed well during a period of higher prices, with record iron ore volumes achieved at WAIO (Western Australia Iron Ore)," BHP Billiton Chief Executive Andrew Mackenzie said in the group's quarterly operations review.
|
|
"Demand has been overtaking supply as the determining factor for iron ore prices, that's a reason why the price is stronger," said a commodities trader specialising in bulk commodities such as iron ore and coal.
|
|
Vale, the world's largest iron ore producer, has been recovering since a slump in iron ore prices and hefty outlays for the ramp-up of its S11D mine crimped its financial performance in recent years.
|
|
Last month BHP said its second-quarter iron ore production fell 9 percent after it was forced to derail an iron ore-cargo train after it ran away en route to a key shipping hub.
|
|
The iron ore shortage was exacerbated after Cyclone Veronica tore down the coast of Western Australia in March, hitting several iron ore export hubs, in a return of more turbulent weather after several moderate years.
|
|
With trading volumes last year that reached 20 times global iron ore trade, and 25 times volumes done in rival contracts on the Singapore Exchange, iron ore futures in China regularly sway benchmark spot pricing.
|
|
Fortescue, the world's No. 4 iron ore miner, and Vale announced in March that they were in talks to blend up to 100 million tonnes of their ore in China, but negotiations have since stalled.
|
|
The Indonesia ban initially raised fears of a shortage of ore, but the Philippines was largely able to step into the gap and meet the needs of China, the world's top buyer of nickel ore.
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Vale SA, the world's largest iron ore miner, dispelled concerns over a potential shortfall in iron ore supply after it flagged plans to resume operations at its Brucutu mine and reaffirmed its 2019 sales guidance.
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Iron ore miners also benefited as iron ore futures jumped nearly 6 percent to hit a two-week high, fuelled by firm short-term demand after Beijing vowed to provide more support for China's economy.
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Sierra Leone is home to one of the largest iron ore deposits in the world and its economy is dominated by a China-backed mining project that exports ore for use in Chinese steel mills.
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The bauxite industry in Guinea, Africa's top producer of the ore, is flourishing even as development of huge iron ore deposits in its forested interior have stalled due to a slump in global commodities prices.
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It has been renamed ERG (Eurasian Resources Group), is registered in Luxembourg and has ferrochrome, aluminium, iron ore and energy operations in Kazakhstan, copper and cobalt assets in Africa and iron ore mines in Brazil.
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Last week, Vale announced record iron ore production in the July-September quarter, which was helped by a ramp-up at its S11D project, as well as an increase in output of higher quality ore.
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The miner has also been pursuing mid-sized acquisitions in its core iron ore business, after deciding not to pursue blockbuster deals with the surging cash flow provided by rising iron ore prices last year.
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The I.A.A.F. Council last year awarded the event to Eugene, Ore.
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The following year, tens of thousands gathered in Klamath Falls, Ore.
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Ore sales also touched a new high at 84.0 million tonnes.
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The company says this mode is ideal for ore difficult lighting.
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Four people were arrested in violent protest clash in Portland, Ore.
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AX, heating up the race for the small iron ore miner.
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Reporting by Adeshola Ore, Editing by Jumana Farouky and Zoe Tabary.
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Supermarket shelves are stripped bare of bottled water in Salem, Ore.
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Reporting by Alexandra Ulmer and Diego Ore; Editing by Girish Gupta
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It also sends iron ore, seafood, and clothing to the Chinese.
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First-stage beneficiaries have been steel, iron ore and met coal.
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No. 11 Washington State beats Oregon to stay unbeaten EUGENE, Ore.
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Reporting by Diego Ore; Editing by Peter Cooney and Sandra Maler
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Lower iron ore and copper prices dragged basic material stocks down.
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But there are caveats to the iron ore and coal numbers.
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Bauxite is the principal ore used in the production of aluminum.
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Futures prices of iron ore lost 2.4 percent at the close.
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Materials also fell, regardless of a strengthening in iron ore prices.
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Kurt Schrader (D-Ore.), one of seven Democrats who voted no.
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The bride's father is a managing director in the Portland, Ore.
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Higher Chinese iron ore prices helped push Australia up 0.85 percent.
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Reporting by Christine Murray and Diego Ore; Editing by Peter Cooney
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Guinea's red gold is the main ore used to make aluminium.
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By 2015, it was picked up by San Francisco, Portland, Ore.
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Graphic on China's imports of nickel ore from the Philippines: tmsnrt.
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The firm wants to expand on iron ore, copper and bauxite.
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New York-based CME Group Inc also offers iron ore options.
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For now, China's bitcoin miners can continue excavating their digital ore.
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Some of those important commodities include iron ore, coal and gas.
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Duller exports such as nuts and copper ore are far bigger.
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Meat is Brazil's third-largest export, after soy and iron ore.
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It produced some 50 million tonnes of the ore in 2017.
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Iron ore accounts for more than 60% of Rio Tinto's earnings.
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Chinese iron ore futures slid more than 2 percent on Thursday.
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Back then, Vale maintained ferronickel production by treating stocks of ore.
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Loaded down with iron ore, it was soon hitting 68 mph.
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China's main iron ore contract has continued to rally since Nov.
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The mine currently produces 110,000 tonnes of copper ore a day.
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On the other hand, iron ore producer Fortescue gained 1.89 percent.
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Reporting by Diego Ore and Dave Graham; editing by Grant McCool
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Iron ore futures fell on signs of weakening demand in China.
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Il Sole 300 Ore said the plan would focus on alliances.
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A week earlier, two people were fatally stabbed in Portland, Ore.
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Then it's going to reverberate and there will be ore issues.
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Overnight, iron ore prices rose from $52.40 to $62.60 a tonne.
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Iron ore producer Fortescue erased losses to finish up 1.30 percent.
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Iron ore prices hit a nearly two-year high on Monday.
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Iron ore prices have surged 74 percent since October last year.
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Cumulative ore imports were up 16 percent in the first quarter.
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Peter DeFazio (D-Ore.), the ranking member of the Transportation committee.
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To extract gold, the miners mix liquid mercury with crushed ore.
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Paul; Memphis; Milwaukee; Nashville; Newark; New York; Pittsburgh; Philadelphia; Portland, Ore.
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Then, that same evening, Cheatham, 2000, landed in a Portland, Ore.
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My name is Megan Amram and I'm originally from Portland, Ore.
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The eight-story Carbon2200 building was recently approved in Portland, Ore.
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Iron ore futures on China's Dalian Commodity Exchange fell 0.5 percent.
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It'd be easy to dismiss the armed standoff near Burns, Ore.
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During his victory speech on Tuesday night, delivered in Salem, Ore.
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Iron ore averaged $4.03 in the first six months of 24.0.
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Curtis Brooner was inside a Burger King in Wood Village, Ore.
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The retired soccer star Abby Wambach was arrested in Portland, Ore.
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Peter DeFazio (D-Ore.) said in a statement to The Hill.
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China's breakneck growth fueled an iron ore boom in Western Australia.
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He is the son of Rachel K. Norse of Wilsonville, Ore.
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The bride, 32, is the digital marketing strategist in Portland, Ore.
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Greg Walden (R-Ore.), who declined to comment for this story.
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"I was born and raised in iron ore country" — Hibbing, Minn.
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The Richards have lived in the same neighborhood in Bethany, Ore.
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The Southeast Asian nation is the world's top nickel ore supplier.
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Iron ore miner Fortescue Metals Group ended nearly 1 percent higher.
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The United States could not finish off Croatia in Portland, Ore.
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Labrador Iron Ore Royalty Company was not immediately available to comment.
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Few commodities are as dependent on Chinese spending as iron ore.
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Now iron ore inventories are rising; steel mills are slowing down.
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She is the daughter of Helen Gatewood Meinicke of Seaside, Ore.
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Jeff Merkely (D-Ore.) introduced companion legislation in the senate Thursday.
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The standoff at the Malheur National Wildlife Refuge near Burns, Ore.
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Jeff Merkley (D-Ore.), is now backing Hillary Clinton for president.
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Greg Walden (R-Ore.), the NRCC chairman, said in a statement.
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Dalian iron ore advanced 0.6 percent to 559.50 yuan per ton.
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Similar rallies took place in Boston; Chicago; Dallas; Oakland; Portland, Ore.
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The consortium is Guinea's leading exporter of bauxite, an aluminium ore.
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The mine has enough ore to run for another 50 years.
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Reporting by Stefanie Eschenbacher and Diego Ore; Editing by Leslie Adler
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Trail Blazers end regular season with win over Nuggets PORTLAND, Ore.
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More than 100 people have been arrested protesting in Portland, Ore.
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Blazers top Wolves for 4th win in a row PORTLAND, Ore.
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REBECCA J. WOLFE Director, Peace and Conflict Mercy Corps Portland, Ore.
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Reporting by Dave Graham and Diego Ore; editing by Bill Berkrot
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Heads Up On a gray Wednesday afternoon in Southeast Portland, Ore.
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The curator at the Newspace Center for Photography in Portland, Ore.
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Ten employees of fast food restaurant Burgerville, located in Portland, Ore.
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Greg Walden (Ore.) — Walden is the Energy and Commerce Chairman Rep.
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DBS's commodity derivatives unit covered palm oil, iron ore and energy.
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DREAMBOAT Dreamboat is a collaboration between two entities from Portland, Ore.
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Reporting by Diego Ore; Editing by Sandra Maler and Bill Rigby
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Iron ore fell to its weakest on record late last year.
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"My husband accidentally shot me," Hill, 75, of The Dalles, Ore.
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Greg Walden (R-Ore.), who is now chairing the full committee.
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"We export players as we do soy and ore," Ferreira said.
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He is the son of Lisa Whitehead Peacock of Portland, Ore.
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He told her of his job delivering pizzas in Portland, Ore.
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Iron ore was discovered in the area in the mid-1800s.
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Michelle DuBarry, who works as a grant writer in Portland, Ore.
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She works for Guide Dogs for the Blind in Boring, Ore.
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In 2014, Devonte was photographed at a demonstration in Portland, Ore.
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Finally, fed up, a group of women inside Nike's Beaverton, Ore.
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Malacalza's comments were reported on Sunday in Il Sole 225 Ore.
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Ward moved from Boston to a small town outside Portland, Ore.
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He worked at the bank's debt-collections center near Portland, Ore.
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Portland State (25-8) was the 103rd, falling in Eugene, Ore.
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Three billboards, sure — but outside a coffee shop in Portland, Ore.
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P.A. festivals in New York City, Buffalo, Toronto and Portland, Ore.
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One of his granddaughters now runs a shop in Portland, Ore.
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"There he goes," said Douglas Klein, a landscaper from Corvalis, Ore.
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Ms. Knutsen, who teaches English at Concordia University in Portland, Ore.
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She is the daughter of Kathryn L. Chan of Portland, Ore.
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Since they launched their unisex clothing brand, Olderbrother, in Portland, Ore.
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Megan Horst is a professor of urban planning in Portland, Ore.
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The first step is extracting the raw ore from the ground.
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Sean Moloney, owner of My Bartender, a company in Portland, Ore.
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For decades, the once sleepy Sellwood-Moreland neighborhood in Portland, Ore.
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The consolidated publishing effort will be run out of Portland, Ore.
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In 2010, the Hallie Ford Museum of Art in Salem, Ore.
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What they did find was iron ore, and lots of it.
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After the lottery, on a visit to relatives in Portland, Ore.
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In order, they are Boston, Washington, San Francisco, Seattle, Portland, Ore.
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Reporting by Dave Graham and Diego Ore; Editing by Sandra Maler
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These days, Mr. Malkmus, who is 51, lives in Portland, Ore.
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It was born at a children's birthday party in Albany, Ore.
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The radically subjective "Paranoid Park" (on Saturday) observes a Portland, Ore.
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Reporting by Diego Ore; Editing by David Gregorio and Alistair Bell
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Indonesia's ban on nickel ore exports came into effect on Wednesday.
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Next week, we'll be with Dr. Pasachoff again, in Salem, Ore.
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Above, a map shows the hometowns of travelers visiting Madras, Ore.
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Ron Wyden (D-Ore.), are pushing strongly in the other direction.
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Reporting by Girish Gupta and Diego Ore; Editing by Lisa Shumaker
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Kumba Iron Ore in South Africa increased output by 8 percent.
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In 2020, Luaxe's ore will be processed at Catoca's nearby mine.
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Reporting by Christine Murray and Diego Ore; Editing by Sandra Maler
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World's No. 4 iron ore miner Fortescue Metals Group added 1.6%.
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On Friday, an employee of an elementary school near Portland, Ore.
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Surveillance footage from the school, Parkrose High School in Portland, Ore.
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Usiminas' steel sales declined 2%, while iron ore sales jumped 65%.
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Smaller cities around the country — Myrtle Beach, S.C., and Medford, Ore.
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She is now in an outpatient treatment program in Portland, Ore.
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I.), Ron Wyden (Ore.), Elizabeth Warren (Mass.) and Sheldon Whitehouse (R.I.).
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She is a daughter of Kathy Starbuck Nasholm of Springfield, Ore.
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Jerry Brown (D) and the Democratic mayors of Seattle; Portland, Ore.
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It says the proposals are discriminatory - Il Sole 24 Ore newspaper.
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Samarco iron ore mine is jointly owned by Vale and BHP .
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It has added others in the San Diego and Portland, Ore.
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Nevada rancher Cliven Bundy was arrested late Wednesday in Portland, Ore.
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For instance, Joseph Sundberg of the Hotel Monaco in Portland, Ore.
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The iron ore price stood at $222 per tonne on Jan.
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Peter DeFazio (D-Ore.), ranking member of the Transportation Committee; Rep.
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Martyn Shorten, who has a biomechanics consulting firm in Portland, Ore.
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What started as a dispute over two jobs in Portland, Ore.
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The mine produces around 110,000 tonnes of copper ore a day.
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Kim Clausing, an economics professor at Reed College in Portland, Ore.
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The bankruptcy filing also includes its iron-ore unit MMX Corumbá.
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Kurt Shrader (D-Ore.) told VICE News upon leaving the meeting.
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It also happens to have a data center in Prineville, Ore.
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In 703, Luaxe's ore will be processed at Catoca's nearby mine.
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In 703, Luaxe's ore will be processed at Catoca's nearby mine.
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Eramet confirmed its 2019 targets for production and nickel ore exports.
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Jules Cooper, a retired teacher who lives in Kings Valley, Ore.
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Australia's No. 3 iron ore miner Fortescue Metals Group shed 1%.
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We'll leave you with a comment by macduff15 of Salem, Ore.
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He is a son of Bonnie M. Struzik of Bend, Ore.
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Reporting by Diego Ore; Editing by Paul Simao and Richard Borsuk
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It is the world's largest iron ore miner, founded in 1942.
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Reporting by Diego Ore and Anthony Esposito; Editing by Dave Graham
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Black employees at the company's North American headquarters in Portland, Ore.
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Reporting by Diego Ore and Andrew Cawthorne; Editing by Andrew Hay
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