Rio Tinto Says Iron Ore Is Changing Australia’s Economy
SMH reported Rio Tinto (NYSE:RIO,TSX:RIO) said iron ore as an industry is changing the Australian economy.
SMH reported Rio Tinto (NYSE:RIO,TSX:RIO) said iron ore as an industry is changing the Australian economy.
Reuters reported iron ore shipments to China through Australia's Port Hedland were down modestly to 14.0 million tonnes in March due to a cyclone.
Reuters reported Marubeni Corp (TYO:8002), POSCO (NYSE:PKX) and STX Corp (SEO:01181) will buy 30 percent of an Australian iron ore project for A$3.5 billion.
Reuters reported Hancock Prospecting major equity partners in the Roy Hill iron project have formally committed to the project.
Reuters reported Anglo American (LSE:AAL) said it is looking to purchase iron ore mines in Australia and Africa.
Reuters reported Australian iron ore miners said demand for the metal is slowing in China.
Australia is the second largest producer of iron ore, and with increasing iron demand, its market is poised to remain stable.
Reuters reported as a cyclone swept closer to Pilbara it has shut its main iron ore terminals.
SMH reported Australasian Resources (ASX:ARH) has completed a deal to acquire iron ore projects previously owned by Mineraology.
Bloomberg reported exports of iron and other minerals from Australia dropped in 2011.
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