By 2015 iron ore production is set to grow by 53 percent. This has worried investors that falling prices will hurt the bottom line of some of the world’s largest mining firms. Recent movements in share prices have reflected these concerns. Yet the heads of the BHP, Vale, and Rio Tinto remain confident.
Continue reading "Expanding Iron Ore Supply Weighs on Price"
Monday, September 21, 2009
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 [...]
Continue reading "Strong Signs Spur Iron Talks"
Friday, July 3, 2009
Nippon Yusen K.K, the world’s second- leading ship operator, predicted profit at its capesize division for shipping iron ore will be higher than originally forecast this fiscal year on demand for the steel ingredient from China. For full story, click here
Continue reading "Nippon Yusen has expected Iron Ore demand to help earnings"
Tuesday, June 23, 2009
Australia on Tuesday lifted its forecast for iron ore exports by 0.3 percent to 338.4 million tonnes in the 2009/10 financial year, but warned of weaker international demand from steelmakers hit by the financial slump. For full story, click here
Continue reading "Australia has lifted 09/10 Iron Ore Export Forecast"
Wednesday, April 29, 2009
Australia’s Fortescue Metals Group has cut its full-year sales forecast by 15 percent to 26 million tonnes on Wednesday, following heavy rains in the March quarter, the second iron ore miner to signal lower output this week. For full story, click here
Continue reading "Australia’s Fortescue has cut iron ore sales target by 15%"
Thursday, March 19, 2009
Goldman Sachs reported that it has deepened its contract iron ore price forecast to a record 40% decline because of slumping global steel production. For full story, click here
Continue reading "Goldman Sachs forecast 40% dip in iron ore price"
The Iron Ore Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
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Wednesday, September 28, 2011