BC Iron Settles in the Sweet Spot

BC Iron Settles in the Sweet Spot

Volatility continues in the iron ore space, with the metal's price searching for a bottom and its producers experiencing substantial share price swings. However, BC Iron is perhaps in the sweet spot of having a solid balance sheet and low enough cash costs to survive the current downturn, but high enough costs to offer substantial leverage in the event of an upswing.

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Company News

Cockatoo Island Project Gets a New Mine Plan

Pluton Resources Ltd. (ASX:PLV) is in the process of formulating a long-term mining and operations plan for the Cockatoo Island project.

Sundance Cuts Costs and Makes Changes in Board

Sundance Resources Limited (ASX:SDL) announced a number of cost cuts as part of a cash management strategy while it moves ahead with the development of its Mbalam-Nabeba iron ore project.

ENRC Sues Zamin to Repay $65 Million

Reuters reported that ENRC, a Kazakh mining firm, has sued Zamin, an Indian mining firm, for the repayment of a $65-million loan.

BHP Billiton Celebrates China Iron Ore Shipping Milestone

BHP Billiton Ltd. (NYSE:BHP,ASX:BHP,LSE:BLT) shipped its billionth tonne of iron ore to China last week and celebrated the day in Shanghai with customers, industrial associations, joint venture partners, suppliers and employees.

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Market News

Iron Futures in China Help Rebound

Iron ore features in China inched up on Monday morning helping prolong a rebound which began last Wednesday.

Iron Ore Drops to Five-year Low

Sustained pressure from a supply glut and a drop in Chinese steel demand have pushed iron ore near its lowest level in more than five years.

Indian Iron Ore Miners Stop Exports

Iron ore miners in India have halted exports of the metal as the global price slump and higher royalty fees eat away at the profitability.

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