Sentences with phrase «week for the iron ore»

Fortescue Metals Group has ended a tough week for the iron ore sector by halving its projected capital expenditure for the 2015 financial year to $ US650 million, in response to the continued weakening of the iron ore price.

Not exact matches

The creditors of Atlas Iron have voted in favour of the iron ore miner's proposed debt - for - equity swap, with the fate of the scheme, and the company, now in the hands of shareholders who will vote next wIron have voted in favour of the iron ore miner's proposed debt - for - equity swap, with the fate of the scheme, and the company, now in the hands of shareholders who will vote next wiron ore miner's proposed debt - for - equity swap, with the fate of the scheme, and the company, now in the hands of shareholders who will vote next week.

You don't need to listen too closely to hear the pips squeaking in Western Australia's iron ore lemon after a week - long debate about the state's most important industry, which appears to be heading for a crisis that will hit companies and governments in equal measure.

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.

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.

As they prepare for disruption later this week, the miners will take solace from shipping iron ore at record rates last month.

As you can see in the overlay of AUD pairs and gold above, the Aussie was tracking gold prices for the most past, as has been the case for the past few weeks since the Aussie decoupled from iron ore.