Category Archives: Iron Ore
A case for buying Vale
The sky is falling! The sky is falling! Buy, buy, buy. I am looking at the doom and gloom in the marketplace and I think about how in some cases people overreact to bad news. I am going to stay … Continue reading
Filed under By Benjamin, Iron Ore, Steel, Vale
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
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
Letter to Santa from Mittal
Bloomberg.com: ArcelorMittal says Rio Tinto’s IOC unit would be `natural fit’ Dear EU antitrust commission and Santa, Rio and BHP are going to be very bad this year; you must punish them. So to keep it short, all I want … Continue reading
The sharks are swimming
Telegraph.co.uk: Anglo American to pore over BHP and Rio’s iron ore assets What makes Anglo or Xstrata think they can outbid the Chinese for decent iron ore assets? If this merger happens on the condition that Rio Tinto is broken … Continue reading
