By Kishori Krishnan Exclusive to Iron Investing News The talks haven’t borne fruit, as yet. Even as news comes filtering in that China has landed a 40 per cent price cut with the Top Three ore miners, final iron ore talks for fiscal 2009/2010 have yet to see the light of day. Shan Shanghua, secretary-general [...]
Watm, Manitowoc dealer for Western Australia is reported to have delivered a Grove GMK7450 all-terrain crane to mining giant BHP Billiton Iron Ore. Stephen Lazenby, sales manager for WATM, said: The crew that were running the GMK7450 were very pleased with how well it performed. For full story, click here
By Kishori Krishnan Exclusive To Iron Investing News It was bound to happen. Brazilian stocks dropped for the first time in three days, paring their best monthly gain in a year, on concern that the rebound in commodity prices may not be sustainable as the global economic slowdown deepens. Cia Vale do Rio Doce, (NYSE:RIO) [...]
By Kishori Krishnan Exclusive to Iron Investing News Rio Tinto Ltd. (LON:RIO) gave a gloomy assessment of global commodity markets Tuesday, saying there is unlikely to be much of a rebound this year and warning the downturn will continue to hit its profits. The downbeat outlook reinforces the company’s message that it needs to proceed [...]
Advanced Explorations announced this morning that Jim Excell has joined the company as a Special Advisor. Excell lead the construction and operation of the EKATI Diamond mine and has served as chairman of BHP Billiton Diamonds Inc. John Gingerich, president and CEO of AEI is quoted as saying: Having a person like Jim on the [...]
By Kishori Krishnan Exclusive to Iron Investing News The second week of February brings some cheer for the iron ore sector. There are very initial signs that contrary to analysts’ expectations at the start of the year of a drop of about 40 per cent in iron ore prices this year, improving sentiments may not see [...]
BHP Billiton temporarily cuts manganese output at 60 pct-owned Samancor operation. For full story, click here
United States antitrust authorities have cleared BHP Billiton Limited’s unsolicited $170 billion bid for Rio Tinto plc. For full story, click here
European regulators told BHP Billiton Ltd. that the company’s push to change the way prices are set for iron ore is one of the issues that may jeopardize its $58 billion hostile offer for Rio Tinto. For full story, click here
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