Sentences with phrase «simandou iron ore»

News of Brazil - focused miner Crusader Resources achieving its first iron ore sales has excited the market with its share price jumping more than 16 per cent today.

Baosteel and Aurizon look set to gain control of Aquila Resources after the iron ore hopeful rejected a takeover proposal from Mineral Resources, and instead recommended its shareholders accept the current $ 3.40 per share offer.

IRON ore producers in the state's Yilgarn region are not immune from the hurdles facing producers in the Pilbara and Mid West — port capacity and access issues, transportation and infrastructure — but

Five years ago Geraldton Port's shipping capacity was sitting at five million tonnes per annum; that included iron ore, grains, fertilisers, metals, fuels and mineral sands.

MIKE Young sits at the head of one of Western Australia's fastest growing iron ore producers; he spends much of his time based in a Perth office and is considered one of the state's prominent business

Executives at mining giants BHP Billiton and Rio Tinto have recently told investors that they hope Belt and Road could revive China's metal exports, boosting demand for their iron ore.

Aurizon's West Pilbara iron ore joint venture has won backing from one of Australia's big four banks, ANZ Banking Group.

Fortescue Metals Group has reported increased iron ore shipments over the December quarter, but the benefits have been offset by costs of expanding and ramping up operations.

China - backed iron ore miners in the Mid West are preparing to join forces to develop a port and rail link to Oakajee if the current proposal by Oakajee Port and Rail fails to proceed.

The volatile iron ore price may have prompted reduced investment but many miners remain on track.

Western Australia's largest indigenous corporation has announced it is cutting jobs and assessing its member benefits structure as a result of weak iron ore prices.

Perth - based Volta Mining, headed by former DMC Mining founder and managing director David Sumich, is venturing into central West Africa with the acquisition of its first iron ore project.

«The internationalization of the DCE iron ore contracts will give greater access to the global commodity community to trade in the world's biggest onshore ferrous market,» Lee Kirk, managing director at Cargill Metals, said in an email.

Nev Power, former boss of world No. 4 iron ore miner Fortescue Metals Group, had criticised the speculative trade on Dalian, saying producers and users should be the main participants.

In 2017, Dalian iron ore volumes reached nearly 33 billion tonnes versus global annual trade of about 1.5 billion tonnes.

MANILA / BEIJING, May 3 (Reuters)- China opens trade in Dalian iron ore futures to foreign investors from Friday, aiming to boost its pricing clout for one of its top imports and hoping traders will take a market notorious for retail speculators more seriously.

Unlike oil, gold and copper, for which prices are set in London and New York, iron ore is one of the few commodities whose global pricing takes its cue from China.

Rio has signalled it would rather focus on more profitable commodities like copper, iron ore and uranium.

* China to allow foreign investors in iron ore futures from Friday.

Iron ore junior Ferrowest has appointed prominent business identity Bryan Hughes as chairman.

Resources giant Rio Tinto has reported a 34 per cent drop in its underlying first half profit to $ US5.2 billion ($ A4.9 billion), with lower prices for iron ore and other commodities the main reason fo

China's great environmental clean - up is starting to produce knock - on effects in Western Australia, with none more interesting than the «quality clash» in the iron ore sector.

Even those with only a passing interest in the resources sector would recognise there's something unusual about an iron ore miner talking up a natural gas project and an oilman talking it down.

Earlier this year, a deal to refine iron ore by China's Haicheng Xiyang Group went south after North Korean officials «shook down» the Chinese investors, according to a Reuters report.

BHP Billiton also said Tuesday that its annual profit fell nearly 30 per cent on lower prices for copper, coal and iron ore.

Decmil Group has been awarded a $ 13 million contract for work at BHP Billiton's South Flank iron ore project near Newman.

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.

The board of iron ore miner Pluton Resources has regained control of the company after its major shareholder, General Nice Resources, retired KordaMentha as receivers yesterday.

Pilbara iron ore miner BC Iron has flagged lower production and haulage rates from its Nullagine joint venture operation with Fortescue Metals Group while initiatives are put in place to more efficiently process iron ore from the site.

Iron ore miner Pluton Resources has settled proceedings against junior secured creditor Rizhao Port Group Logistics, which includes the removal of receivers appointed by Rizhao in disputed circumstances last month.

Roy Hill Holdings has selected construction project management software firm Aconex to provide its services to the company's iron ore mining project in the Pilbara.

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

Iron ore miner Centaurus Metals says it can no longer afford to develop its Candonga project in Brazil on its own, and will be seeking to either bring in a joint venture partner or sell the mine in order to survive in the tough economic climate.

Mineral Resources announced today that it plans to use its 12 per cent stake in Aquila Resources to push for a role building and operating the proposed $ 7 billion West Pilbara iron ore project.

OTOC Australia has been awarded a $ 3 million contract with NRW for the mine process plant in - ground services at the Roy Hill iron ore project in the Pilbara.

The government of the Republic of Cameroon is planning to seek funding from China for the rail and port infrastructure at Sundance Resources» Mbalam - Nabeba iron ore project, allowing the Perth company to focus just on the mine development.

President Michel Temer's defiant decision to open the areas of Amapá and Pará, which is believed to be a significant resource of gold, copper, iron ore and other minerals, has angered environmentalists in particular, who say the area is abounding in biodiversity and is home to myriad species that have yet to be studied.

Sundance Resources boss Giulio Casello has taken a big pay cut as the company seeks to cut costs, with the Perth - based explorer also locking in a $ 1.3 million investment to assist in the search for a partner for its Mbalam Nabeba iron ore project in Africa.

The founder and chairman of Fortescue Metals Group has reaffirmed his commitment to the iron ore industry by increasing his stake in the business, buying $ 6.9 million worth of shares in an on - market trade.

Iron ore miner BC Iron has continued its run of cost saving initiatives at its Nullagine operation by awarding a $ 40 million road haulage contract to QUBE Holdings.

Atlas Iron has reopened its Mount Webber iron ore mine, marking the recommencement of mining at all three of the company's Pilbara operations after shutting them less than three months ago.

Local contractor NRW Holdings has been awarded a $ 30 million contract to provide its services to Rio Tinto's Yandi Oxbow iron ore mine in the Pilbara, on the same day its long - serving director Ian Burston announced his retirement.

As miners deal with the reality of a prolonged slump in the iron ore price, Fortescue Metals Group is quietly going about the business of building the state's third magnetite mine and processing plant.

Pluton Resources is in the midst of a battle between creditors, with major shareholder General Nice Resources and secured creditor Rizhao Port Group Logistics fighting over who gets to appoint receivers to the iron ore miner.

Atlas Iron has accepted the state government's iron ore royalty relief program, which will deliver an up - front cash injection of $ 12.5 million and an expected total benefit of $ 23 million.

Iron ore miner BC Iron has fallen into the red with a net loss of $ 158.5 million for the financial year, on the back of impairments and falling commodity prices, and has declared no dividend payout.

The Asciano - led Yilgarn Esperance Solution consortium has won the bid to design, build and operate a new multi-user iron ore facility at Esperance Port, understood to be worth about $ 200 million.

A joint venture between Civmec and Sedgman has won a $ 145 million engineering, procurement, construction and commissioning contract at BHP Billiton's Jimblebar iron ore mine in the Pilbara.

Fortescue Metals Group has started the search for a new chief financial officer after Stephen Pearce handed in his resignation to pursue an international role, on the same day the iron ore giant announced the appointment of a new director of operations.

Atlas Iron managing director David Flanagan has described the results of the iron ore miner's capital raising as an immense vote of confidence in the business, despite achieving just less than half of its $ 180 million target.