By Kishori Krishnan Exclusive To Iron Investing News Iron clad deals are in play. Chinese steel and iron ore group Baosteel has proposed to pay US$ 1.6 billion for a 30 per cent stake in Anglo American‘s (AAL.L) huge Minas Rio iron ore mine in Brazil. Traders maintain that any deal with Baosteel could help [...]
Continue reading "Baosteel To Edge Out Xstrata in Anglo American?"
Wednesday, August 5, 2009
A top BHP Billiton executive has admitted the mining giant’s safety record was “abysmal” in 2008/09, when five separate and unrelated fatal accidents occurred at its West Australian iron ore mines. For full story, click here
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Wednesday, July 29, 2009
BHP Billiton declared the terms it has agreed with a range of iron ore customers for the 2009 contract year. These terms vary and reflect the specific needs and requirements of each customer, consistent with our marketing approach. For full story, click here
Continue reading "BHP Billiton has updated on Iron Ore Negotiations"
Thursday, July 9, 2009
An annual iron ore pricing deal between Asian steelmills and Australia’s BHP Billiton is unlikely to be settled soon because of issues of carry-over amounts from pricey 2008 contracts. For full story, click here
Continue reading "BHP in Iron Ore deadlock on carryover issue"
Tuesday, June 16, 2009
Samarco, a joint venture between miners BHP Billiton BHP.L and Vale declared that it has cut iron pellets prices by 48.3 percent from last year’s price for Indonesia’s Krakatau Steel. For full story, click here
Continue reading "Vale- BHP Venture has cut Iron prices to Krakatau Steel"
Thursday, June 11, 2009
Japan’s Nippon Steel and have agreed with BHP Billiton to cut fine iron ore prices by 33 percent, matching a benchmark deal reached with Rio Tinto. For full story, click here
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Friday, June 5, 2009
Global miners Rio Tinto and BHP Billiton are to combine their Australian iron ore operations, six months after BHP dipped a hostile takeover bid for Rio Tinto. John Sevior, head of Australian equities for Perpetual Investments, stated: I think it’s a very clever deal. For full story, click here
Continue reading "How does BHP-Rio Iron Ore stacked up for investors?"
Wednesday, May 27, 2009
The head of BHP Billiton, the world’s top miner, voiced doubts about the durability of recent strong Chinese demand for commodities and announced the picture for international demand was unclear. For full story, click here
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Friday, May 8, 2009
A benchmark iron ore price this year below current spot prices is unacceptable, miner Rio Tinto declared that while rival BHP Billiton saw the traditional benchmark pricing system breaking down. For full story, click here
Continue reading "Miners have forecasted the end to benchmark iron ore pricing"
Monday, April 27, 2009
BHP Billiton declared to have arranged freight for a total of 2.2 million tonnes of iron ore between Port Hedland and Qingdao in 13 Capesize ships in the space of a week. It fixed 12 ships, each to carry 170,000 million tonnes cargoes and one ship to lift a 160,000 million tonnes stem. For full [...]
Continue reading "BHP Billiton booked 13 Capesize Iron Ore Cargoes to China"
For upcoming iron ore investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo
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Monday, October 5, 2009