Sentences with phrase «iron ore industry»
A Western Australian iron ore industry group has reluctantly mothballed its activities, citing the difficult economic circumstances facing the industry.
businessnews.com.au
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.
It should be clear by now to Andrew Forrest that his campaign for a political inquiry into the iron ore industry has done the company he runs, Fortescue Metals Group, more harm than good — and might even have stirred up trouble for another local billionaire, Gina Rinehart.
To best understand what's gone wrong with Western Australia's iron ore industry you need to start by looking back 12 years, to 2003, when an ambitious Andrew Forrest created Fortescue Metals Group.
In an April 22 report, he wrote that there's too much pessimism in copper markets and that issues in the iron ore industry, such as oversupply, are already priced into the market.
The 1960's also saw the beginnings of the iron ore industry in the Pilbara.
The consolidated structure of the iron ore industry, and geographic separation from competing economic activities, appear to have facilitated a rapid pick - up in transport capacity in response to strong global demand and prices.
«Anticipating that Chinese growth will continue and extrapolating on past trends, the iron ore industry is now planning expansions equating to over 100 percent capacity growth in the next ten years.
From here travel south, passing through the mining city of Port Hedland, where you can witness the enormity of the iron ore industry.
The first boom came from the development of the iron ore industry in the 1960s.