By Kishori Krishnan Exclusive To Iron Investing News Iron ore negotiations are a real conundrum, as next year’s talks are soon to begin, yet this year’s have not been resolved. In the meantime, the trio – Rio Tinto, Brazil’s Vale and BHP have been taking advantage of spot prices in iron, which have been on [...]
Continue reading "Fluctuating Fortunes"
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%"
Wednesday, April 15, 2009
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, [...]
Continue reading "Iron Market: Heading For A Glut?"
Thursday, April 2, 2009
Australia’s Fortescue Metals Group is reported to be in talks to sell iron ore to European steel mills. Executive Director Graeme Rowley stated: We are negotiating that right now. For full story, click here
Continue reading "Fortescue reported eyeing iron ore sales to Europe"
Thursday, April 2, 2009
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 [...]
Continue reading "Iron Ore Prices To Linger Low"
Friday, March 20, 2009
Atlas Iron Limited reported that it has delivered the first iron ore from its Pardoo Iron Ore Project to the Fortescue Metals Group Limited Anderson Point Port facilities in Port Hedland. For full story, click here
Continue reading "Atlas Iron delivers first iron ore to port"
Monday, March 9, 2009
Chinese steelmaker Hunan Valin Iron & Steel Group Co Ltd announced that it would purchase a further 0.9% stake in Australian iron mining company Fortescue Metals Group Ltd thus raising its total stake to 17.4%. For full story, click here
Continue reading "Hunan Valin to raise its stake in Australian iron mining company"
Tuesday, February 24, 2009
Fortescue Metals Group Ltd agreed to increase its iron ore sales to an arm of Chinese steel maker Hunan Valin Iron and Steel Group, now its second-largest shareholder. For more information, click here
Continue reading "Fortescue to increase iron ore sales to China’s Valin"
Tuesday, December 2, 2008
By Melissa Pistilli-Exclusive to Iron Investing News BHP Billiton’s hostile takeover bid for rival Rio Tinto finally came to an end last week. On November 25, BHP announced it was dropping its $66 billion bid for Rio due to the current global economic crisis and Rio’s $42.1 billion in debt. The takeover process had begun [...]
Continue reading "BHP’s takeover of Rio dies"
Tuesday, November 18, 2008
By Melissa Pistilli-Exclusive to Iron Investing News Customers of the world’s three largest iron ore producers have asked for shipment deferrals leading the big miners to consider production cutbacks. Vale [NYSE: RIO], the world leader, has cut output by 10 per cent and maintains it will cooperate with customers needs. Rio Tinto [RTP] has also [...]
Continue reading "BHP sees no need to cut production"
For upcoming iron ore investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo
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.
IronInvestingNews.com maintains a focus on Iron exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
Tuesday, September 8, 2009