Big Iron Ore Producers Debate Supply-Demand Balance

Big Iron Ore Producers Debate Supply-Demand Balance

Industry giants' battle over the iron ore supply-demand balance continued this week. The most recent development came when Rio Tinto CEO Sam Walsh described the idea of boosting prices via a production cap "hare brained."

How Long Will the Global Iron Ore Surplus Last?

It's no secret that the iron ore market has been facing tough times, with low-cost suppliers flooding the market and the slowing Chinese economy creating a surplus.

EY: Iron Ore M&A to Pick Up in 2015

EY recently released a report that examines what factors affected M&A activity in the iron ore sector in 2014.

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Company News

WA Iron Ore Mine Gets Approval

Australian mining reported that WA DMP has approved Ascot Resources Wonmunna iron ore mining proposal.

Rio Tinto Dismisses Fortescue Plan

Reuters reported that Rio Tinto (LSE:RIO,ASX:RIO,NYSE:RIO) dismissed as "harebrained" a suggestion by Fortescue Metals Group that miners should cap output of the iron ore to boost prices.

BC Iron Announces award of Warrigal HUB Contract at the NJV

BC Iron Limited (ASX:BCI) announced it has awarded a mining and crushing & screening contract for the Warrigal hub at the Nullagine Joint Venture to Viento Contracting Services Pty Ltd, a subsidiary entity of Viento Group Limited (ASX:VIE).

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Market News

Iron Ore Price Drops to Six Year Low

Australian Mining reported that iron ore prices in China have hit a six-year low level, as China copes with its struggling property market.

China Wants ’fair game’ on Iron Ore Supply

Mineweb reported that China wants a diversity of suppliers of Iron ore, according to the founder and chairman of Fortescue Metals Group Ltd., the world’s fourth-biggest producer.

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