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)
Not exact matches
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.
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.
Major
iron ore producers show per tonne
production costs as low as $ 20 and are planning
on increasing
production amidst oversupply.
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.
«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.
We achieved record annual
iron ore production and shipments as our expansion programme continues
on schedule, delivering industry leading returns for our shareholders.
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.
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.
• 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.
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.