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Ninety eight percent of mined iron is used to make steel The extraction of iron ore is generally or local consumption Once blended iron ore is

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African Eurobonds suffer as commodity prices slump

African Eurobonds suffer as commodity prices slump also seen weaker demand for many other commodities such as iron ore Angus Downie Nigeria s local currency debt markets will also be negatively affected while the banking sector which generally turns to the Eurobond market to facilitate domestic companies hoping to buy oil assets

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SA seventh largest iron ore producer Weekly

As a result the global demand that Goa s iron ore mining operations used to meet can now be met by South Africa in addition to other producers such as Australia

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Kogi Iron pushes towards development with Agbaja

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Thor Explorations aims to lead Nigeria s new mining

Martin Wood CEO of Australian listed Kogi Iron would not put a date on when the company could begin production in Nigeria but said it was looking for investors to provide around $350 million The company plans to build a steel plant using local iron ore

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