Now may be the time to take another look at iron ore companies as an investment, with many making major gains over the last 3 months.
Articles Tagged "NYSE:BHP"
BHP Billiton (NYSE:BHP) said earlier than expected production from the Jimblebar mine in the Australian Pilbara has raised its 2014 production forecast to 212 million tonnes, Sydney Morning Herald reported.
The world's second-largest iron ore producer is ramping up production and lowering its costs, which could threaten smaller producers of the steelmaking commodity.
Reuters reported that BHP Billiton Ltd. (ASX:BHP,NYSE:BHP,LSE:BLT) has responded to allegations from China's National Development and Reform Commission that the top three iron ore miners — BHP, along with Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) and Vale (NYSE:VALE) — and some traders manipulated the markets to show a shortage of iron.
A brief overview of iron price developments, supply and demand and significant market movers.
Bloomberg reported that after reaching 400 million metric tons of iron ore output in 2017, Vale SA (NYSE:VALE) plans to increase its iron ore output by 20 to 25 million metric tons per year. Vale's plan is aimed at taking back the 6 percent of market share that it has lost to other major companies — such as BHP Billiton Ltd. (ASX:BHP,NYSE:BHP,LSE:BLT) and Rio Tinto plc (ASX:RIO,NYSE:RIO,LSE:RIO) — over the past six years.
The metal’s strong rally in the last three months took many investors by surprise. Can it sustain its momentum?
Reuters reported Roger Agnelli's mining venture is considering a purchase of BHP Billiton's (NYSE:BHP,ASX:BHP) Mount Nimba iron ore deposit in Guinea.
Platts reported BHP Billiton's (NYSE:BHP) CEO, Marius Kloppers said the record high iron ore prices of the past ten years will not be repeated.
Sydney Morning Herald reported BHP Biliton (NYSE:BHP) has confirmed it will cut job in its iron ore operation due to falling demand from China.