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The "Big 3" iron ore mining companies (Vale, BHP Billiton and Rio Tinto) have increased their share of total iron ore production from 36% in 2013 to almost 44% in 2015, leaving them with control of almost 63% of the iron ore seaborne trade. l Iron Ore Prices Iron ore prices reached a peak of US180/t (62% Fe, CFR north China) in early 2008
Thanks to the Company's irreproachable reputation and high quality services granted to its customers Promintergroup AG can count on established timeproof relations with the biggest European ore mines, coal mines, and steel mills. Promintergroup AG has his headquarter in Lugano (Switzerland).
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Planning for iron and steel in Nigeria started in 1958, while exploration of iron ore started in 1963, and by 1972, commercial quantities of iron ore was discovered at Itakpe. Other discoveries soon followed. Nigeria now has over 3 billion tonnes of proven iron ore reserves.
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Rio Tinto aims to strengthen communities wherever we operate. One way we do this is through our local procurement practices to deliver benefits for communities, suppliers and our business. Our procurement practices, and those of our contractors, help sustain many Western Australian businesses and, in turn, local communities.