Australian iron-ore projects face delays due to China’s downturn
Low-grade iron-ore projects worth more than $10 billion in Australia face possible risk particularly due to China’s declining demand for iron ore. For full story, click here
Articles Tagged "demand"
Uptick From China Bolsters Hope for Iron
By Kishori Krishnan Exclusive To Iron Investing News Ahead of contract talks, iron-ore miners are seeking a price rise. On the horizon is a firmer demand in China, which has ensured that despite concerns about the length and depth of the global recession, iron ore miners are pushing for as much as a 5 per [...]
Will import help in demand stability?
Slowdown in China’s imports of major base metals would continue to remain a cause for concern in the base metals market. For full story, click here
Japan steelmakers seek iron price cuts
Nippon Steel Corp and other Japanese steelmakers will press for cuts of 40 percent in iron ore prices and 60-70 percent in coal prices for the next business year due to falling costs of natural resources and weakening steel demand,. For full story, click here
Optimism on iron ore demand from China
George Jones chairman of Gindalbie said that once the final payments are made early in 2009 from AnSteel, the JV company, Karara Mining Limited will have cash resources of approximately USD 450 million while Gindalbie itself will be debt free with uncommitted cash reserves of around USD 40 million. For full story, click here
Call for export duty removal as slowdown hits mining sector
Economic slowdown has gripped the mining sector with iron ore mining firms closing down operations in 20 mines For full story, click here
Fall in iron ore prices hits Sesa
A sharp fall in iron ore prices in the global market may dent Sesa Goa ’s profitability this year. For full story, click here For company’s website, click here
Iron ore industry highlights
By Melissa Pistilli-Exclusive to Iron Investing News EU objects to BHP takeover of Rio The European Commission (EU) has issued a statement of objections to BHP Billiton Ltd. concerning its hostile takeover of Rio Tinto Inc. The statement outlines the potential competition problems that may result from such a merger. EU anti-trust regulators have voiced concerns [...]
Say Goodbye to the Benchmark System
By Melissa Pistilli – Exclusive to Silver Investing News Traditionally, the price of iron ore has been calculated using a global benchmarking system that typically involved one of the three major producers of seaborne iron ore-Vale, Rio Tinto, BHP Billiton-negotiating annual prices. This system often takes months to reach a final resolution. This year, however, [...]
China’s infrastructure boom boosting iron ore demand
Marius Kloppers, CEO of BHP BILLITON LTD, was quoted as saying: China’s demand for development of infrastructure facilities will continue pushing up demand for commodities and raw materials. For full story, click here
