Monthly Archives: June 2008
Who settles for China, and is this binding?
Reuters: Rio wins 95% iron ore hike from small mills We now have a cap on the price from Australia, 95%, and we have a floor for Vale’s price. The question now is, will this cap be binding? We will … Continue reading
Filed under Iron Ore
Open access on Australian rail lines
theage.com.au: Western Australia to open up private mining railways If this happens, bully for the iron ore juniors in the Pilbara. It would completely revalue a significant number of landlocked smaller companies that do not currently have any way to … Continue reading
Filed under Iron Ore
No credit crunch if you are Anglo
RLPC-Anglo American to increase $3.5 billion loan In the face of completely irrational pricing of most debt, banks are still bending over backwards to lend mining companies money. Not all risk is apparently created equal, and not all ratings mean … Continue reading
Poor POSCO
Steel Guru: POSCO hopes for a miracle for Orissa project India is open for business, right? Apparently not if you are South Korean and actually have cash to spend. POSCO has spent so much time, money, and management time on … Continue reading
Filed under Uncategorized
Sinosteel, you’re in pull position on Midwest
The Australian: Sinosteel to get its hands on west’s ore Dear Sinosteel, Do not back down now: you have 40% of the company and you are one person. You are going up against a share registry that is made up … Continue reading
Xstrata, just buy Anglo
Guardian.co.uk: Xstrata looks at Congo, aluminum, iron ore If you are not fish food, you are a shark. The question of consolidation in the mining industry is coming to a head. It could be that before too long we are … Continue reading
Can you break the China oil peg?
Forbes.com: Why, in China, gas is $2.49 a gallon I was going to write something about the China oil peg, but this article just sums it up so nicely. The question is, does the Chinese government care about the $40 … Continue reading
Filed under Oil
Can airlines hedge?
The biggest mistake that people make is that they put hedges on at the top of the market. Watch United do that next. I am a big fan of United. I am on their planes eight to ten times a … Continue reading
Filed under Oil
