OneSteel Increasing Iron Ore Production, Considers Name Change
Reuters UK reported Australia's OneSteel is increasing their iron ore production and considering a name change.
Articles Tagged "australia"
Canada’s Teck May Buy Shares in Australia’s Fortescue Metals Group
Globe and Mail reported Australia's Fortescue Metals Group (ASX:FMG) rose on Monday on news that Teck Resources (TSX:TCK.A,TSX:TCK.B,NYSE:TCK) may build a stake in the iron producer.
Iron Prices Rise on Global Weather Disruptions
IBTimes reported iron ore prices could rise as severe weather has disrupted production in Australia.
Australian Iron Ore Exports Set to Resume
SMH reported an Australian iron ore port is expected to reopen after Cyclone Heidi stalled ships for two days.
Australia’s Iron Ore Export Terminals Closed
Reuters reported a tropical cyclone, Heidi, has shut down Australia's iron ore export terminals in Pilbara.
Iron Ore Falls Raising Doubts on Australian Tax
Reuters reported accountants say Australia's mining profits tax could will raise less than the A$11 billion Prime Minister Julia Gillard is promising.
2011 Iron Ore Market Trends
Iron ore prices hit record highs in early 2011, only to fall in the second half of the year on reduced demand steel demand for China. Nonetheless, iron ore producers seized the opportunity to invest in the expansion of their current iron ore projects across the globe.
Steel Maker MMK Targets Iron Ore in Australia Buy
Reuters reported Russia's MMK is to buy Australian group Flinders Mines (ASX:FMS) for an agreed A$554 million.
Steel Demand Boosts Iron Prices, Caution Remains
The price of iron ore has made a 26 percent gain over since hitting a low in late October. However many are cautious that the gains will be short lived because of the soft demand for steel.
OneSteel Expects Iron-Ore Prices to Further Rise Next Year
Bloomberg reported OneSteel Ltd. (ASX:OST) said iron-ore prices will further rise next year as inventories in China remain low.
