By Kishori Krishnan Exclusive To Iron Investing News Global commodity demand appears to be bouncing back. Miners, who had been savagely affected by the recession as customers slammed the brakes on spending and relied on the backlogs in their warehouses, are also reporting a pick-up. Steadily rising prices for key commodities such as copper and [...]
Proactive Investors declared that a MoU has been formalized between DMC Mining and the Port Authority of Pointe Noire to assist in potential export of iron ore from DMC’s Mayoko Iron Ore Project in the Republic of Congo through the existing Pointe Noire port facility. For full story, click here
WA Business News declared that the state’s iron ore juniors are predicted to reap the rewards from the collapse of the Rio Tinto and Chinalco deal, with Chinese investment likely to flow to emerging iron ore producers. For full story, click here
Global miners Rio Tinto and BHP Billiton are to combine their Australian iron ore operations, six months after BHP dipped a hostile takeover bid for Rio Tinto. John Sevior, head of Australian equities for Perpetual Investments, stated: I think it’s a very clever deal. For full story, click here
Western Australia, where a third of the world’s traded iron ore is mined, declared that overseas investors have asked about building steel mills at Oakajee, an iron ore port and rail project in the state’s mid-west. Deidre Willmott, the state government’s cabinet secretary, stated: The state has received a number of inquiries from foreign investors [...]
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, [...]
Baffinland Iron Mines Corp today udpated investors on 2009 drilling plans and a general corporate update, including an update on the bulk sample sent to European customers. Gordon McCreary, President and CEO is quoted saying: As we emerge from January as a leaner organization with an approved and fully funded budget for 2009, we remain [...]
By Melissa Pistilli-Exclusive to Iron Investing News The Baltic Dry Index (BDI), what has been referred to as the “canary in the coal mine” for global trade health, rose 7.5 per cent on Friday. This latest development has injected a dose of optimism into the iron ore market. “Indications are that miners have been [...]
Rio Tinto trying to prevent a $65 bn hostile takeover by BHP Billiton Ltd., delayed investor meetings scheduled for this month in Sydney and London so it can weigh the effects of the global financial crisis. For full story, click here For company’s website, click here
BHP Billiton’s ongoing hostile takeover bid of of Rio Tinto may be over by the year-end. Four months ago, the $142 billion takeover was considered by most to be a sure bet. But now, all signs are pointing towards the bid running out of steam as the Chinese Ministry of Commerce and the European Commission seem [...]
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