Nigeria is looking to diversify its minerals and mining sector to reduce the dependence on oil as a source of national revenue. The West African country is looking to produce 2 million tonnes of iron ore in 2012 through the state owned National Iron Ore mining Co. Ltd.
Continue reading "Nigeria’s Iron Production"
Wednesday, September 28, 2011
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 12, 2011
SMH reported Rio Tinto's (LON:RIO,NYSE:RIO) ownership of the Simandou iron ore project in Guinea remains unchanged despite the new mining code.
Continue reading "Rio’s Guinea Project on Track Despite Code"
Thursday, September 1, 2011
Bloomberg reports Rio Tinto Group (NYSE:RIO,LON:RIO,ASX:RIO) paid this year’s highest rent for a capesize vessel to carry iron ore to China from Australia.
Thursday, August 4, 2011
Forbes reports experts expect strong results on account of high commodity prices and stable production for Rio Tinto (NYSE:RIO,LON:RIO,ASX:RIO).
Continue reading "Rio Tinto: Cashing in on High Commodity Prices"
Thursday, July 14, 2011
Bloomberg reports that Rio Tinto's (NYSE:RIO,ASX:RIO,LON:RIO) Australian mines are recovering from flooding with a 12% gain in iron ore output.
Continue reading "Rio Tinto’s Iron Ore Output Gains 12%, Recovers From Floods"
Wednesday, July 6, 2011
Rio Tinto is the second largest iron producer in the world. Last year the company’s net earnings for it iron division totaled over $10 billion. In this article we look at the company’s iron operations, exploration, and analyst predictions.
Continue reading "Rio Tinto’s Iron Operations"
Tuesday, June 28, 2011
MarketWatch reports that Rio Tinto PLC (NYSE:RIO,LON:RIO) says the demand for iron ore continues despite lowering spot prices.
Continue reading "Rio Tinto: Demand for Australian Iron Ore Strong"
Thursday, June 23, 2011
The Sydney Morning Herald reports that Rio Tinto (NYSE:RIO,ASX:RIO,LON:RIO) will drop its prices by up to 3 per cent for Chinese steel mills for the third quarter.
Continue reading "Rio Tinto Cuts Iron Ore Price"
Wednesday, May 25, 2011
Concerns about the future of the iron market are growing. Investors considering their next move may want to consider oversupply, China's electricity and Japan's steel industry.
Continue reading "3 Factors Iron Investors Should Consider"
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Thursday, October 27, 2011