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.
Atlas Iron Limited is exporting iron ore through the port of Port Hedland and actively exploring for Direct Shipping Ore in the Pilbara of Western Australia. For full story, click here
Brumby Resources Limited declared that initial first pass drilling has commenced at it’s DSO iron ore exploration targets on its 100% owned Pardoo East Project in the Pilbara region of Western Australia. For full story, click here
Aspiring Pilbara iron ore producer BC Iron has entered a trading halt as it finalizes plans for a capital rising. For full story, click here
By Kishori Krishnan Exclusive to Iron Investing News Rio Tinto Ltd. (LON:RIO) gave a gloomy assessment of global commodity markets Tuesday, saying there is unlikely to be much of a rebound this year and warning the downturn will continue to hit its profits. The downbeat outlook reinforces the company’s message that it needs to proceed [...]
By Kishori Krishnan Exclusive To Iron Investing News The closure of major steel operations in the Hamilton area are set to reverberate around the economy, potentially affecting everyone from iron ore producers in Quebec and Labrador to coal companies in Western Canada. Pittsburgh-based United States Steel Corp. has said it will indefinitely idle operations at [...]
By Kishori Krishnan Exclusive To Iron Investing News Ahead of contract talks, iron-ore miners are seeking a price rise. On the horizon is a firmer demand in China, which has ensured that despite concerns about the length and depth of the global recession, iron ore miners are pushing for as much as a 5 per [...]
By Melissa Pistilli-Exclusive to Iron Investing News Tuesday afternoon, crippled resource stocks gained relief from the Fed’s emergency interest rate cut. The resource market seemed to benefit the most. The S&P/ASX 200 materials index, with 43 stocks related to the resource market, bounced back 2.9 per cent. Metals prices have fallen dramatically from their bull [...]
BHP Billiton has temporarily closed its Yandi iron ore mine in Western Australia after the death of a worker. A BHP pokeswoman said: The mine in the Pilbara region had been suspended overnight and an investigation launched after a worker for the contractor that operates the mine was killed. For full story, click here
Rio announced that it would buy raw material from Iron Ore Holdings’ 1.5 million-tonne-a-year mine at Phil’s Creek. The agreement between Rio and IOH can unlock millions of tonnes of stranded iron ore in Western Australia’s Pilbara. For full news, click here
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