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 [...]
By Kishori Krishnan Exclusive To Iron Investing News Rio Tinto has completed the sale of its Corumba iron ore mine in Brazil to mining giant Vale SA for a cash consideration of $750 million. The Corumba sale, which was agreed in January, includes a potash project in Argentina and exploration assets in Canada. The Corumba [...]
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
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
It is declared that world’s leading mining company BHP Billiton Ltd does not expect a sharp rebound in commodities demand and sees a slow and protracted recovery in the international economy. Mr Marius Kloppers CEO of BHPB declared in Canberra: We do expect to see stabilization in the next three to six months as the [...]
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
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
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 [...]
BHP Billiton Ltd., the world’s leading mining company, sold 28 percent of its iron ore output at cheaper spot prices after customers deferred deliveries ahead of a forecast dip in contract prices. For full story, click here
By Kishori Krishnan Exclusive To Iron Investing News The alarm bells have started ringing. On the sidelines of a mining conference, Rio Tinto said iron ore prices are certain to fall in 2009, the first decline in seven years, but not by the 50 per cent suggested by some steel makers. On the spot market, [...]
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