Monthly Archives: July 2008
Cliffs continues to surprise
Cleveland-Cliffs and Alpha Natural Resources to merge, creating Cliffs Natural Resources, a leading diversified mining and natural resources company Now, finally, Cliffs is out spending its seed corn. The question is, will it get returns from it? What has protected … Continue reading
Filed under Anglo, By Benjamin, Cliffs, Xstrata
Top ten stories for July 15, 2008
1. The Economic Times: Moving iron ore by rail cheaper Iron glides on steel as more ore hits the rails. Railroads help cushion rising input prices. Indian railways issue a 25% discount for domestic iron ore transportation to ports in … Continue reading
Filed under By Kristin, Daily top ten
Chinese sell out of U.S. project to Cliffs
PR-Insider.com: Cleveland-Cliffs updates 2008 iron ore revenue-per-ton guidance; provides commentary on 2009 North American iron ore pricing Reuters: Cleveland-Cliffs buys out minority holder in Minnesota What is 30% of 5.2 million tonnes of U.S. pellet production worth? Apparently a whole … Continue reading
Filed under By Benjamin, Cliffs, Iron Ore, Mining
From my day job
Advanced Explorations Inc. to earn up to 70% interest in Roche Bay Project
Filed under Advanced Explorations Inc., By Benjamin, Roche Bay
Sinosteel almost gets Midwest
Sinosteel gets control, but likely to have company at Midwest Okay, they have more than 50%, but they are probably not going to get 100%, and that sort of makes their life hard. They are going to be stuck in … Continue reading
Filed under By Benjamin, Iron Ore, Midwest, Sinosteel
Old news, EU antitrust wants more time to look at Rio Tinto-BHP deal
Forbes.com: EU extends deadline for inquiry into BHP Billiton’s buy of Rio Tinto to December 9 The EU wisely said, “Wait a second, do we really want a really, really large mining company?” and now is going to spend more … Continue reading
It is all in the market control
The Australian: Treasurer slams gate on Chinese raids This article asks the most basic of questions, “The question here is, is it in Australia’s national interest for a buyer of our resources to control our resource-producing companies?” That’s not a … Continue reading
Filed under Iron Ore
BHP falls in line behind Rio Tinto’s iron ore price, maybe
Not much news here, but if it is true, BHP matched Rio Tinto’s price for 2008. Not a huge surprise. Bloomberg.com: BHP will agree iron ore price in line with Rio Tinto, Financial Times says
