Sentences with phrase «in iron ore prices»
Atlas Iron has launched an extensive review of its operations, finances and possible asset sale opportunities in response to steep falls in the iron ore price.
businessnews.com.au
Cliffs Natural Resources (NYSE: CLF) and Vale (NYSE: VALE) are the two with the largest exposure to changes in iron ore prices.
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.
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.
OPINION: Despite a spike in iron ore prices, it will be the bigger, low - cost producers that rule the roost in the near to medium term.
A couple of smaller miners that rode out the slide in iron ore prices could be the early movers in a more widespread revival in the sector.
As China battles the seeming inevitability of a 19 per cent price hike in iron ore prices, the country's largest iron ore importer is moving quietly to stitch up more long - term supply from Western Australia.
Cliffs will always be a one - trick pony that will wax and wane with the price of iron ore, but it is much better positioned to handle those market swings and has immense potential should we see even a modest uptick in iron ore prices.
This is mainly due to two unforeseen events: the drop in iron ore prices and the sudden collapse of the oil price.
New contract prices for coal, which came into effect in April, were lower, but there was a small increase in iron ore prices.
As well as these factors, KPMG said Atlas» forecasts were highly sensitive to movements in iron ore prices, «which continue to be depressed in a challenging global iron ore market».
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.
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.
Despite another bumper US jobs report for November and steep decline in the iron ore price, the Australian dollar has opened the week above the 73 cent level.
Without a near - term rebound in iron ore prices, it is hard to recommend the shares of Cliffs.
The owners of two major iron ore developments in the Pilbara have flagged changes to their timetable and ownership structure respectively, as they seek to deal with the sharp fall in iron ore prices.
Its earnings are very sensitive to changes in the iron ore prices.