Category Archives: Iron Ore
Face is saved between the Chinese and the Aussies
Reuters: Baosteel, Rio agree sharp 2008 iron ore price Face was saved between Australia and China by changing the lump and fines premiums rather than going for an across-the-board freight premium. The fact is, Australia ships more lump than Brazil … Continue reading
CSN’s mine is up for sale
Shagang seeks to buy stake in CSN’s iron ore unit Benjamin S. is always willing to sell his good assets to protect his not-so-good ones. CSN controlled Vale, and when the split came, Benjamin S. went the steel route. The … Continue reading
Steel vs. Iron ore
It has been a long week and I have been traveling a lot, so sorry about the scarcity of updates. I have spent most of the week thinking about why I like to own mining assets and not steel mills. … Continue reading
Fight! Fight! Iron ore fight!
Australia’s richest man, woman in iron ore mine fight In case you get bored, there is a new fight in town that might give Ultimate Fighting a run for its money. It is Rio and Gina against Twiggy and Cazaly … Continue reading
The Indians can tax, and the Chinese will pay
Reuters: Indian government revises duties on iron ore, steel India has hiked its export duties on iron ore, and it is not a bad thing. It will give the government some money. I do not really see it impacting the … Continue reading
Filed under Iron Ore
And now the Indians want their pound of flesh
NMDC may hike long-term iron ore contract prices The Indian state government, which has traditionally discounted ore to its domestic buyers, is now going to be selling it at full market price. At least, however, they are not going to … Continue reading
Filed under Iron Ore
Rio denies it
Rio Tinto denies 95% hike in iron ore prices in China Dear BHP, 95%? We did not agree to 95%. We want more, lots more. We need it to make up for any risk we have in Africa. Now can … Continue reading
25% of what?
News.com.au: BHP-Rio combo is a “modest” 25% of market Come on, math is clearly the strong suit of these people. Yes, Rio Tinto and BHP probably only have 25% of total worldwide demand. But they have a much higher percentage … Continue reading
