BHP opens door on shared rail
The Herald.com reports that Atlas Iron (ASX:AGO) has agreed to enter into discussions with BHP Billiton (NYSE:BHP) to discuss sharing railway transportation.
Articles Tagged "bhp billiton"
BHP sells iron ore above index-trade
The Business Spectator.com reports that BHP Billiton (BHP NYSE,ASX:BHP) sold sold 90,000 tonnes of Newman iron ore fines at $US171.50 a tonne, above index-trade
Steel industry discussing new iron ore pricing model
People's Daily Online reports that there is a new pricing model for the iron ore industry being considered. Spearheading this change are industry giants Vale of Brazil(NYSE:VALE), BHP Billiton(NYSE:BHP) and Rio Tinto (NYSE:RIO).
The world’s most profitable franchise
Back in March 2001, at the start of the commodities supercycle, Pittsburg-based Alcoa (NYSE:AA) was the world's biggest mining name, by market value, at about USD 30bn; BHP Billiton (NYSE:BHP), the world's biggest diversified resources stock, was No 2, then worth about USD 28bn.
Chinese Iron Ore Boycott Unsustainable
Iron ore demand is increasing among Chinese steel makers and the CISA lead boycott is simply not credible. Iron mining companies recognize this and will not relent from their position, which grows stronger every day that global demand recovers and ore prices rise.
BHP approves $1.93 bln for iron ore development
BHP Billiton Ltd (BHP.AX), the world’s biggest miner, reported that the company has approved $1.93 billion of capital expenditure to expedite growth of its Western Australia iron ore business, reflecting continued strong demand for the commodity. The press release is quoted as saying: Analysts forecast contract iron ore prices under negotiation with steel mills could [...]
Ironing Out The Issues
By Kishori Krishnan Exclusive To Iron Investing News With key indicators across developed economies showing an improvement in the quarter, mining heavyweight BHP Billiton Ltd has teamed up with rivals Rio Tinto Group and Posco, Asia’s most profitable steelmaker, in raising iron-ore production. An uptick in demand from automakers and builders has ensured a good [...]
BHP & Rio sign iron ore joint venture agreement
On Saturday, Mining giants BHP Billiton (BHP.AX) and Rio Tinto (RIO.AX) signed a $116 billion iron ore joint venture agreement to combine their Western Australian iron ore operations. The news release is quoted as saying: The agreement brings together two of the world’s three largest iron ore producers, and has upset major customers in China. [...]
India’s Iron Fist Thumps In Canada
By Kishori Krishnan Exclusive To Iron Investing News The world’s eighth-largest steel maker, India’s Tata Steel Ltd (TISC.BO), has said it expects its European unit Corus to be operating at full capacity by the end of the fiscal year in March. Corus, Europe’s second-largest steelmaker, operated at 80 per cent capacity in October. In a [...]
China & Its Shenanigans
By Kishori Krishnan Exclusive To Iron Investing News China, the world’s biggest steel producer, is flexing its muscles again. The country is eager to replace the benchmark arrangement price long used by the industry for iron ore imports with one that will give it a bigger say. Last week’s major meeting between the world’s iron [...]
