Latest News for: Ore ship

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Miners scramble for ships amid ‘ferrous frenzy’, cape FFA traders in supercycle mode

Splash24/7 11 May 2021
According to Braemar ACM, Australian iron ore producers are on track to ship around 85m tonnes this month, representing an increase of 25% month-on-month and the highest monthly volume since June last year, though sluggish growth in Brazil has meant that on a global level, monthly iron ore volumes are still below 2018’s pace.
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Gerald Group resolves iron ore dispute with Sierra Leone

Mining Dot Com 11 May 2021
Gerald estimates that Marampa holds about 1 billion tonnes of iron ore. Gerald will make two $10 million payments this year and will have the immediate right to ship its current stockpile of about 707,000 tonnes of iron ore, it said.
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AfricaGerald Group resolves iron ore dispute with Sierra Leone

Reuters 11 May 2021
Gerald will make two $10 million payments this year and will have the immediate right to ship its current stockpile of about 707,000 tonnes of iron ore, it said ... Gerald estimates that Marampa holds about 1 billion tonnes of iron ore with a potential lifespan of 30 years.
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Sierra Leone: Marampa mines to resume operations soon

The Patriotic Vanguard 11 May 2021
commodity trader Gerald Group will pay Sierra Leone $20 million and cede a 10% stake in an iron ore project as part of ... Gerald will make two $10 million payments this year and will have the immediate right to ship its current stockpile of about 707,000 tonnes of iron ore, it said.
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DXY: Dollar index forecast ahead of the US consumer inflation numbers

Invezz 11 May 2021
The US dollar index (DXY) declined to the lowest level since February 25 ahead of the closely watched US consumer price index (CPI) data. It dropped to $90, which is 3.5% below its highest level on March 31st ... This week, copper and iron ore rose to an all-time high. Further, shipping costs have risen because of the surge in demand for goods globally ... .
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Gerald group wins back its iron ore mining rights in Sierra Leone

Sierra Leone Telegraph 11 May 2021
... ~707k tons of iron ore; Gerald will pay a fixed sum of USD 20 million in two instalments of USD 10 million prior to 31 December 2021; Gerald / “NewCo” will negotiate during the course of May 2021 a new Mining Lease Agreement that will be a win-win for the Government and Gerald.”.
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Australia's iron ore bonanza: UK investors cash in as global economy bounces back sending commodity ...

The Daily Mail 10 May 2021
The sun-drenched city is the capital of Western Australia, the world’s largest supplier of iron ore ... Recent estimates put Western Australia’s iron ore resources at 48bn tons – enough to last half a century ... More than 80 per cent of the iron ore that is dug out of the ground of Western Australia is shipped to the world’s most populous country.
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Greece Supports Emission Fund Telling EC Operators and Polluters Pay

The Maritime Executive 10 May 2021
The minister took a position supporting the concepts of an independent fund for the shipping industry which works off the principle that polluters pay ... Greek ship operators control more than a quarter of the world’s crude oil tanker fleet and nearly one-sixth of the global ore and bulk carrier fleet.
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4 Reopening Penny Stocks For Your 2021 Watchlist

PennyStocks 07 May 2021
As a shipping transportation company, CTRM offers its services through the ownership of dry bulk vessels. CTRM offers clients sea transportation and shipping for major and minor bulk cargo. This includes coal, grain, ore, steel, fertilizers, cement, sugar, bauxite, and scrap metal.
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After containers, dry bulk shipping is red hot now

Business Line 06 May 2021
Average daily earnings for capesizes, which typically transport 1,50,000-tonne cargoes of coal and iron ore, were up $1,858 at $44,817 ... The strong steel margins are incentivizing use of high-grade Brazilian iron ore, a big positive for dry bulk shipping on long haul routes.
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First and Only Dry Bulk Shipping ETF (BDRY) Reaches $100M AUM Milestone

Daily Freeman 06 May 2021
Innovative ETF issuer, ETF Managers Group (ETFMG®), together with their partners at Breakwave Advisors LLC, an asset management and advisor services firm for the shipping and commodities industries, is happy to announce that the Breakwave Dry Bulk Shipping ETF (NYSE Arca ... Breakwave specializes in shipping and freight investments.
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DNR initiates lease termination with Mesabi Metallics

Hibbing Daily Tribune 05 May 2021
1, 2021, and shipping 3 million tons of pellets by the end of 2020. “Mesabi Metallics has 20 days to cure the lease defaults or the termination action will go into effect,” the DNR said in a statement Wednesday, referring to the pellet plant completion, 1.6 million tons of ore mined and 3 million tons of ore shipped in that time span.
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10 Star Trek: The Next Generation Episodes That Were Almost Completely Different

What Culture 05 May 2021
As they prepare to leave orbit, an Annoi ship appears and destroys the Starseeker ... mineral ore. An adventure of sorts ensues, and the crew is finally freed by Councillor Troi who discovers that their captor's ship is, in fact, a lifeform who feeds on the planet's ore to survive.
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DNR imitates lease termination with Mesabi Metallics

Hibbing Daily Tribune 05 May 2021
Termination action was taken for a failure to meet a previous lease agreement at end of 2019, which included completion of the pellet plant, mining 1.6 million tons of ore from state properties in at least two quarters prior to Jan. 1, 2021, and shipping 3 million tons of pellets by the end of 2020.
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Galleon Gold Initiates Metallurgical Study at West Cache Gold Project

Resource World 05 May 2021
The samples have been shipped to SGS Canada Inc. in Lakefield, Ontario, where grinding, gravity, environmental, and whole ore cyanidization studies will be completed on each of the three composited samples.
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