Sentences with phrase «iron ore contract»

UPDATE 1 - China vows to open up more futures markets as iron ore goes international

* Dalian exchange opens iron ore contract to foreign...

As a result of the strong global demand for steel, coking coal producers negotiated an increase of around 120 per cent in contract prices, with iron ore contract prices generally rising by more than 70 per cent (Graph 39).

Iron ore contract price negotiations have also commenced, and price increases of over 50 per cent are possible given the current strength of global steel demand.

Negotiations for coal and iron ore contract prices for 2005/06 have commenced, and further large rises are expected following the steep increases in 2004/05.

Rapid growth in global steel demand has also boosted contract prices for other bulk commodities; coking coal contract prices increased, on average, by 25 — 35 per cent in US dollar terms in recent negotiations, while iron ore contract prices have risen by close to 20 per cent.

Iron ore contract prices rose by between 4 and 6 per cent in the quarter.

«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.

Not exact matches

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

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.

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.

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.

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.

Engineering group RCR Tomlinson has won a $ 120 million contract to build processing infrastructure at Rio Tinto's Silvergrass iron ore mine in the Pilbara.

BC Iron has terminated a mining services contract with Watpac Civil & Mining three months early as it seeks to cut costs at its Nullagine joint venture operation in response to the plunging iron ore prIron has terminated a mining services contract with Watpac Civil & Mining three months early as it seeks to cut costs at its Nullagine joint venture operation in response to the plunging iron ore priron ore price.

NRW Holdings has accepted a payment of $ 30 million to settle its dispute with Samsung C&T over work on the Roy Hill iron ore project, despite having been awarded $ 35 million through adjudications under the Construction Contracts Act.

Sedgman's joint venture operation with Thiess has won a $ 64 million contract for the design and construction of a modular iron processing plant at Fortescue Metal Group's Solomon iron ore mine in Western Australia.

One of the state's largest mining services companies has received a boost, with BGC Contracting securing a five - year contract extension worth $ 520 million at Cliffs Natural Resources» Koolyanobbing iron ore mine.

By: Reuters Updated 4 hours ago Global trader Glencore carried out the first trade by a foreign firm for Chinese iron - ore futures on Friday, the first day that the Dalian Commodity Exchange opened the contract to overseas investors, the exchange said.

The materials sector has risen by 16 per cent, boosted by continuing strength in base metals prices and expectations of substantial increases in contract prices for coal and iron ore.

For iron ore and coal, substantial increases in contract prices are set to take effect later this year, building on the already sharp increases of last year.

The export prices of coal and iron ore are heavily influenced by the outcomes of longer - term contract negotiations, and contract prices are currently lagging recent price strength evident in spot markets.

Some other resource prices have also edged higher with, for example, the US dollar contract prices for iron ore for the Japanese fiscal year 2003/04 (beginning 1 April 2003) rising by around 9 per cent on levels of the previous year.

Sharply higher contract prices for coal and iron ore in 2005/06 took effect from the beginning of April and are expected to boost the Bank's Index of Commodity Prices by around 25 per cent, once they are fully included in published transaction prices.

Much of the recent strength has come from a steep rise estimated for «other resource» prices, as sharply higher contract prices for iron ore and coal began to take effect from 1 April, and to a lesser extent, from rising base metals prices.

The recent annual contract negotiations between suppliers and Japanese steelmakers for iron ore delivered price increases of nearly 20 per cent in US dollar terms, with significant increases expected in contract negotiations for coal over coming months.

And, at a point very, very soon, the billionaire who took less than a decade to build the world's fourth biggest iron ore producer will start eye - balling chief executives of some of Australia's biggest gas users and recommending they put their future supply contracts where their mouths have been.

Represented the claimant in an arbitration arising out of an LME contract for the sale of iron ore (FOB Mumbai), being the only known case in which commercial arbitrators were required by the English High Court to accept jurisdiction over defamation claims.