Metals

India throws $15 bln lifeline to world's iron ore miners India's efforts to clamp down on illegal mining have handed a $15 billion lifeline to global iron ore giants, and there could be more to come. 3/12/2012
Mining industry must balance rising short-term volatility against investments needed to meet long-term demand A series of immediate challenges facing the global mining sector - including rising costs and increased demand uncertainty - should not deter miners from making investments today to fulfill future global commodity requirements, according to a new report from Deloitte Touche Tohmatsu Limited (DTTL) released today. 30/11/2012
Copper Shortage Seen Extending as China Accelerates Copper supply shortages will extend into the first half of next year as an accelerating Chinese economy more than doubles the pace of growth in global consumption even as mines extract a record amount of metal. 30/11/2012
MEPS World Steel Price Steady Ahead Of Anticipated New Year Revival US domestic transaction values are firming as major producers announce more price hikes of $US50 per short ton as scrap charges escalate. 30/11/2012
Gold, Silver Slump Most in Three Weeks on Fiscal Cliff Concern Gold and silver fell the most in more than three weeks as the dollar gained amid concern that budget talks to avoid the U.S. fiscal cliff are making little progress. 29/11/2012
Centennial Coal to Close Two Loss-Making Australian Mines Centennial Coal Wednesday said it will close two unprofitable coal mines in Australia and postpone a number of development projects, just the latest move by an Australian coal producer to retrench in the face of slump in export prices and the continued strength of the local currency. 29/11/2012
China: Demand for steel to rise 4.1% next year Demand for steel in China is expected to rise 4.1 percent in 2013, as the nation's economic growth gets back on track, according to a forecast from an industry think tank. 29/11/2012
MEPS BRIC Average Steel Prices Soften In November The MEPS BRIC Countries’ average transaction prices decreased this month for all eight carbon steel product forms researched. Currency movements against the US dollar have again distorted the size of the month-on-month changes. 29/11/2012
Gold may try testing $1800 levels this week: Analyst As the Greek debt deal is clinched by the troika of European Central Bank, IMF and Finance Ministers of Europe, Euro strengthened against Dollar which helped gold prices to climb. Meanwhile a Chinese analyst is of the opinion that gold may test $1,800 levels this week. 28/11/2012
Xstrata Starts Production at Antapaccay Mine, First Shipment Delivered Xstrata PLC , which is in the process of merging with Swiss Commodities firm Glencore International PLC, said Tuesday the Antapaccay copper mine in southern Peru started production of commercial grade copper in concentrates at the beginning of November and has delivered its first shipment to Matarani Port for delivery to customers worldwide. 28/11/2012

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5/21/2013
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A.M. Nomikos buys $20.1 mln bulker - brokers


A.M. Nomikos of Greece has acquired bulk carrier TANGO QUEEN (dwt 55,649 blt 2007 Japan) at the price of USD 20.1 million, according to broker reports.

Also in the secondhand bulker market, Greeks have snapped up the BOTAFOGO (dwt 76,623 blt 2001 Japan) and BARBARA (dwt 73,317 blt 1997 S.Korea) bulkers for USD 12.5 million and USD 7.5 million respectively.

Furthermore, containership HANSA CALEDONIA (dwt 21,563 blt 1998 S.Korea, 1,645 TEU) has also gone to Greeks for USD 4.8 million.

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