Iron Mining in Australia
Australia is the second largest producer of iron ore, and with increasing iron demand, its market is poised to remain stable.
Australia is the second largest producer of iron ore, and with increasing iron demand, its market is poised to remain stable.
Reuters reported unions in Western Australia now have the court's permission to recruit members at Pilbara region iron ore mines.
Reuters reported a tropical cyclone, Heidi, has shut down Australia's iron ore export terminals in Pilbara.
Iron ore prices hit record highs in early 2011, only to fall in the second half of the year on reduced demand steel demand for China. Nonetheless, iron ore producers seized the opportunity to invest in the expansion of their current iron ore projects across the globe.
The price of iron ore has made a 26 percent gain over since hitting a low in late October. However many are cautious that the gains will be short lived because of the soft demand for steel.
International Business Times reported BHP Billiton (NYSE:BHP) has stepped on the gas for the realisation its expansion projects in Western Australia.
International Business Times reported Atlas Iron Limited (ASX:AGO) has acquired a 90 per cent stake in the Corunna Downs DSO project.
SMH reported the price price of Australia's Pilbara iron ore has begun to crack under the pressure of the global economic slowdown.
Reuters reported BHP Billiton (NYSE:BHP,ASX:BHP) finalised the acquisition of Leighton Holding's (ASX:LEI) HWE Mining iron ore business.
SMH reported increased production at Western Australian mines led the way to a record $175 billion worth of resources and energy exports from Australia.
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