Sentences with phrase «supply for its iron ore»

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).

Not exact matches

Early this week I was with an Australian government representative in Beijing whom I have known for many years and he told me that iron ore prices were currently around $ 83 (I think they dropped another $ 2 last week), and that while some people in Canberra were reluctant to say it too loudly, he and others were increasingly in agreement with my lower forecast of less than $ 50 well before the end of the decade, in part because supply has come off much more slowly than predicted, but mainly because they now recognize that China's rebalancing was indeed going to be a far bigger deal for Chinese demand than sell - side research had predicted.

China's demand for resources to supply its industrial expansion has put upward pressure on prices for steel and its raw materials (iron ore, coking coal), and on the costs of shipping.

For example, the iron ore supply continues to expand despite lower prices, thanks to the impact of multi-year investments made when prices were higher.

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.

The opportunities for hedge funds to find dislocations and arbitrage opportunities are far greater in soft commodities such as beef compared with hard commodities such as iron ore because the supply is more dispersed.