Sentences with phrase «australian iron ore»

China Development Bank on its project financing loan of approximately US$ 1.34 billion for an Australian iron ore mine

What heâ $ ™ s doing now: Heâ $ ™ s buying into AmeriCredit, a U.S. auto finance firm, and pouring money into an Australian iron ore project as well as into a company developing synthetic hemoglobin.

pans are made in Australia from pure Australian iron ore, and imported and distributed by NewMetro Design.

Australian iron ore miners exported record volumes in December, but export growth in 2016 was the slowest in years.

US miner Cliffs says it is likely to shut its Australian iron ore business this year after it posted a loss - making result over the past six months.

Those winter shutdowns were expected to dampen demand and prices for Australian iron ore and coal in particular, but prices for both commodities have remained strong; iron ore prices have surged 26 per cent since October 31 to be fetching $ US77.74 per tonne on Tuesday, according to Metal Bulletin.

Even though I know nothing about the iron ore market, and certainly not as much as the CEO of Fortescue, I know arithmetic, and even before I heard Minack's discussion of the global increase in production, I simply could not get the arithmetic that connected Chinese interest rates with Australian iron ore exports to work otherwise.

Western Australian iron ore junior Crusader has announced a cost - cutting program aimed at reducing overheads in the wake of tougher market conditions.

A Western Australian iron ore industry group has reluctantly mothballed its activities, citing the difficult economic circumstances facing the industry.

The value of Australian iron ore exports is expected to fall next year as strong growth in production volumes is offset by a slump in prices to a forecast $ US52.10 per tonne in 2016.

BC Iron is the first Western Australian iron ore miner to receive royalty assistance from the state government's relief package.

Not exact matches

Troubled iron ore miner Pluton Resources has been restricted from issuing a reduced content prospectus until next year because it failed to comply with reporting and disclosure obligations, the Australian Securities and Investments Commission says.

Perth - based explorer Centaurus Metals has entered into an exclusive mandate for a $ 6 million working capital facility with RMB Resources» Australian subsidiary to fund development of its Candonga iron ore project in Brazil.

Western Australian treasurer Mike Nahan says he can't guarantee a budget surplus in the next financial year due to the recent volatility in iron ore prices.

BHP Billiton's top Australian executive has stepped up the company's criticism of the WA Nationals» planned iron ore tax hike, two days after an opinion poll found high support for the proposal.

Qantas is the first Australian company to respond to Beijing's heightened vigilance, though all firms exporting everything from iron ore to baby formula should be taking heed.

Australian Aboriginal Mining Corporation chairman Daniel Tucker is confident the company will become the first Aboriginal - owned and operated iron ore miner this year, after signing a mine gate sales deal with Fortescue Metals Group.

Macken also thinks the good times will come to an end in 2017 for Australian coal and iron ore miners that enjoyed a spectacular 2016.

The major Australian miners rose following a lift in overnight iron ore, nickel and aluminium prices.

Early this week I was with an Australian government representative in Beijing whom I have known for many years and he told me that iron ore prices were currently around $ 83 (I think they dropped another $ 2 last week), and that while some people in Canberra were reluctant to say it too loudly, he and others were increasingly in agreement with my lower forecast of less than $ 50 well before the end of the decade, in part because supply has come off much more slowly than predicted, but mainly because they now recognize that China's rebalancing was indeed going to be a far bigger deal for Chinese demand than sell - side research had predicted.

Normally the contraction impact of much weaker iron ore export prices should be partially mitigated by the expansion impact of a weaker Australian dollar, as iron - related inflows drop sharply.

I have never been even remotely an expert either on iron and steel production or on the Australian economy, but recent action in the iron ore markets and a vibrant debate within Australia has, in the past three weeks, set me up for several planned and unplanned meetings with Australians — some old friends, some fund managers and bankers, some government officials — who remembered some of the comments I made a few years ago about Australia and iron ore and who wanted to discuss future prospects.

In an all - time first, Australian mining giant Rio Tinto is using two fully automated driverless truck fleets at its massive iron ore mines.

The industry, she says, is dominated by Brazilian and Australian producers, such as Brazilian multinational corporation Vale, British - Australian mining multinational Rio Tinto, Anglo - Australian multinational mining company BHP Billiton and Australian iron - ore company Fortescue Metals.

Winter shutdowns in China do not appear to be harming Australian commodity exports, with shipping data from Port Hedland revealing record amounts of iron ore and lithium were exported in December.

Surging iron ore prices have boosted Rio Tinto's tax payments to Australian governments, but its Singapore marketing hub remains a sore point with the ATO.

Meanwhile, iron ore junior BC Iron said its longstanding chairman Tony Kiernan had resigned to focus on his other business interests and would be replaced by director Brian O'Donnell, who is also an executive director of major shareholder Kerry Stokes» Australian Capital Equiron ore junior BC Iron said its longstanding chairman Tony Kiernan had resigned to focus on his other business interests and would be replaced by director Brian O'Donnell, who is also an executive director of major shareholder Kerry Stokes» Australian Capital EquIron said its longstanding chairman Tony Kiernan had resigned to focus on his other business interests and would be replaced by director Brian O'Donnell, who is also an executive director of major shareholder Kerry Stokes» Australian Capital Equity.

After crashing to below $ US40 a tonne in 2015 and 2016, iron ore prices have staged a surprising recovery to $ US81 a tonne, allowing even the most marginal Australian producers to make a profit.

The Australian sharemarket has retreated from six - year highs, as a plunge in the iron ore price weighed on miners and several poorer - than - expected earnings results convinced investors to take a breather.

Iron ore magnate Gina Rinehart has snapped up a 50 per cent stake in two West Australian cattle stations in a bid to capitalise on booming food exports to Asia.

While Australian politicians will rightly point out they have no control over the market — just like they did during the iron ore wars — that is unlikely to placate the Chinese.

Chen is already complaining about «greedy» Australian agents and urging farmers to consider the long - term future of the trade rather than short - term profits — near identical language to that used by steel mills and government officials when Chinese demand was supercharging the iron ore price eight years ago.

West Australian premier Colin Barnett says the government will not become a «bank of last resort» for the resources sector after sweetening conditions for miners struggling to survive a sustained rout in iron ore prices.

Iron ore prices may be falling but Australian producers managed to significantly increase their share of the world's biggest market last year, accounting for 59 per cent of China's overseas purchases.

See also Matt Chambers and David Crowe, «ACCC investigates Andrew Forrest call for cap on iron ore production (The Australian, 25 March 2015) and Phillip Coorey and Lisa Murray, «Joe Hockey rejects Andrew Forrest's «cartel» call for iron ore cap» (AFR, 25 March 2015)

ACCC Chairman, Rod Sims, has indicated that the ACCC will be looking closely at Andrew Forrest's comments calling for iron producers to work together to cap iron ore production, noting that «any attempt by Australian businesses to encourage competitors to restrict outputs is a matter of grave concern to the ACCC».

• First half iron ore shipments of 110 million tonnes (100 per cent basis) from the Australian and Canadian operations were six million tonnes lower than 2010 first half following several cyclones, widespread flooding and a subsequent train derailment in the first quarter of 2011 in Western Australia.