Sentences with phrase «half iron ore production»

Contractors Maca, Mineral Resources and Qube Holdings have downplayed the impact of Atlas Iron's decision to halt iron ore production over the coming month, while transport contractor McAleese Group is still evaluating the likely impact.

ANALYSIS: WA's resources - focused business community is eagerly awaiting the next round of figures for iron ore production costs.

COCKATOO Island, touted as a stunning new tourist resort in the heart of WA's Kimberley region, will be the site of a revitalised $ 7.4 million resource project by Portman Mining Limited aimed at boosting its iron ore production.

Unexpected maintenance reliability problems with BHP's car dumpers — the giant machines that can pick up and empty a fully loaded rail car of ore — forced the resources giant to reduce iron ore production guidance for 2017 - 18 to between 272 million tonnes and 274 million tonnes, just down from its previous guidance of 275 million tonnes and 280 million tonnes.

Accelerated investment in ship - loading and rail capacity has been undertaken over the past year to match expanding iron ore production.

While iron ore production is dominated by three large players, buyers are also concentrated.

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 production of 120 million tonnes (94 million tonnes attributable) and shipments of 115 million tonnes were both four per cent higher than the first half of 2011.

We achieved record annual iron ore production and shipments as our expansion programme continues on schedule, delivering industry leading returns for our shareholders.

Global iron ore production for the quarter totalled 62 million tonnes (49 million tonnes attributable), in line with the second quarter of 2011.

Chief executive Tom Albanese said «This was another record - breaking year in the Pilbara with both quarterly and full year iron ore production and shipments beating previous achievements, as our expansion programme continues apace.»

Rio Tinto analysis suggests that around 100 million tonnes of primarily Chinese iron ore production had become unprofitable, and sees evidence on the ground that a large proportion of this has already been curtailed.

• Global iron ore production of 49 million tonnes attributable (62 million tonnes on a 100 per cent basis) was up 12 per cent on the second quarter of 2010 and up 17 per cent on the first quarter of 2011.

BHP Billiton and Rio Tinto have noted with disappointment the statement today by the German Federal Cartel Office (FCO) that its current intention is to prohibit the companies» proposed iron ore production joint venture in Western Australia.

• Record global iron ore production of 65 million tonnes was achieved in the quarter (51 million tonnes attributable) and 245 million tonnes for the full year (192 million tonnes attributable).

Demonstrated capability to deliver growth with a compound annual growth rate in iron ore production of 14.8 per cent over the period from 1999 to 2007.

• During the quarter, iron ore production and shipping capacity in the Pilbara increased by a further five million tonnes to 230 million tonnes per annum (Mt / a), following the completion of the second debottlenecking project at the Dampier port on time and on budget.

• First quarter global iron ore production of 59 million tonnes (46 million tonnes attributable) was 10 per cent higher than the first quarter of 2011.

Each year, leafy green vegetables — such as spinach — produce the sugar on an enormous scale globally, comparable to the world's total annual iron ore production.

In Q2 of 2012, Cliffs received $ 128.39 / t for its Eastern Canadian iron ore production (though the Wabush output receives a higher price than the Bloom Lake output since the Wabush mine produces pellets and BL produces fines; Wabush pellets have elevated manganese and receive a lower price than other pellets).

Not exact matches

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 siron 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 sIron 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 siron ore from the site.

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.

Atlas Iron plans to resume production at its two closed iron ore mines after striking an innovative profit sharing deal with its contractors, but it is also seeking to complete a big capital raising to ensure its longer - term viabilIron plans to resume production at its two closed iron ore mines after striking an innovative profit sharing deal with its contractors, but it is also seeking to complete a big capital raising to ensure its longer - term viabiliron ore mines after striking an innovative profit sharing deal with its contractors, but it is also seeking to complete a big capital raising to ensure its longer - term viability.

Fortescue Metals Group has recorded higher production costs during the March quarterand revised up its full - year costs, while iron ore shipments were down slightly for the period.

BHP maintained guidance for production of 275 million to 280 million tonnes of iron ore in the fiscal year to June 30.

Chief executive Andrew Mackenzie praised the record production levels in iron ore and said BHP «remains on track to achieve 6 per cent volume growth for the 2018 financial year».

Production is running at record levels in the financial year to date and BHP produced 58 million tonnes of iron ore during the quarter, up 8 per cent on the previous corresponding period.

Iron ore is used in steel production.

The company will seek to lease out Ethel Creek and Marillana station in the heart of the iron ore rich Pilbara region of Western Australia as it winds up cattle production.

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.

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.

Analysts expected the iron ore to be supported by the high Chinese marginal cost of production post c2012.

By: Robyn Wilkinson 22nd July 2016 Despite China's commitment to reducing its crude steel production capacity, the iron - ore market remains oversupplied and this is unlikely to change in the foreseeable future, says engineering consultant Core Consultants CEO Lara Smith.

Major iron ore producers show per tonne production costs as low as $ 20 and are planning on increasing production amidst oversupply.

Although there has been reasonable growth in the other two resource export components, particularly for iron ore, alumina and coal, the growth in these items has not been sufficient to compensate for the weakness in those components where production has fallen significantly.

Among other things, this has seen the growth in global steel production stall, and hence lower growth in the demand for iron ore and coking coal.

Rio lifted shipments of iron ore from its flagship Pilbara operations by 5 per cent in the March quarter, while bauxite and copper production also jumped.

There are several reasons for this including over production of iron ore to maintain market share and an aggressively growing lithium ion battery business which requires cobalt in existing chemistries.

The mining sector was one such example; with yesterday's gains on the back of the expansion of the Chinese coast mystic product still fresh in the minds, Rio Tinto announced that their first half production of iron ore had broken numerous records.

«The steel industry in China boomed from 5 percent of global steel production in the late 70s to almost 50 percent today; on the back of that surge was a voracious appetite for iron ore» he says.

The ECSC united its six member nations in a single common market for the production and trade of coal, steel, iron ore and scrap metal, abolishing all trade barriers for these products.

«Our iron ore companies here in Western Australia pay royalties on production,» the senator said.

Production is running at record levels in the financial year to date and BHP produced 58 million tonnes of iron ore during the quarter, up 8 per cent on the previous corresponding period.

Rio Tinto will invest US$ 310 million to assure a sustainable water supply for its iron ore operations in the Pilbara region of Western Australia, ensuring a sufficient resource to accommodate the expansion of annual production capacity up to the planned 333 million tonnes (Mt / a).

As announced on 15 January, we had a strong production year in 2012, particularly in our low - cost iron ore business where we produced a record 253 million tonnes.

Chief executive Tom Albanese said «We have set new quarterly records for iron ore sales and hard coking coal production as our operations recovered from the severe weather experienced earlier in the year.

«Our project is to make Ghana a regional production and manufacturing centre, by weaving together our numerous natural resources, such as our food produce, extensive cash crops, gold, bauxite, iron ore, oil and gas, with our talents and energy to turn our nation into an economic powerhouse in West Africa and beyond,» he explained.

An exceptional growth strategy in iron ore and a strong pricing outlook, with a conceptual pathway to treble production to over 600 million tonnes per annum..

• Record global iron ore shipments of 239 million tonnes in 2011 were below production due to extreme weather conditions experienced in the first half of the year.