Tag «Iron Ore»

Rio Tinto impairments and management changes

Rio Tinto expects to recognise a non-cash impairment charge of approximately US$14 billion (post tax) in its 2012 full year results. These impairments include an amount of approximately US$3 billion relating to Rio Tinto Coal Mozambique (RTCM), as well as reductions in the carrying values of Rio Tinto’s aluminium assets (mostly Rio Tinto Alcan (RTA) …

2013 – From Gloom, Doom to Boom! – Chawm Ganguly

The verdict is more or less out. Corporate India is ready to greet the New Year ahead with optimism. Not the guarded type that is politically correct, but genuine gut-felt pure optimism. And I say this after talking to a wide swath of opinion makers – economists, industrialists, traders, bureaucrats and politicians. While the level …

Export of Commodities


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Details of exports of iron ore, coal, rare earth minerals, fruits and vegetables are given in Annexure. Iron ore surplus to domestic industry is being exported.  Exports of iron ore have been predominantly constituted of iron ore fines.  The domestic steel industry primarily consumes iron ore lumps as domestic consumption of fines is limited due to inadequate pelletization/ …

The lore of ore – Umesh Shanmugam

The most important commodity after oil deserves more attention than it gets. The development of a process to turn raw earth into steel merits a high spot on a list of mankind’s most ingenious achievements. The metal provides the backbone of skyscrapers, bridges and motorways, and the carapace and internal organs of cars, fridges and …

Rio Tinto Finance plc prices Euro and Sterling fixed rate notes

Rio Tinto has priced EUR 1.25 billion and GBP 500 million of fixed rate notes under its European Debt Issuance Programme. The notes will be issued by Rio Tinto Finance plc and will be unconditionally and irrevocably guaranteed by Rio Tinto plc and Rio Tinto Limited. The Euro denominated offering comprises (i) long 7-year notes …

No upside soon in iron ore, says BHP

BHP Billiton chairman Jac Nasser says he does not expect any significant increase in iron ore prices soon, following a year of heavy falls in Australia’s biggest export earner.He also told shareholders at the company’s annual general meeting in Sydney that China’s growth rate would not continue at the same pace, but that was expected.A …

Export Duty on Iron Ore

The Minister of Steel, Shri Beni Prasad Verma has said that according to global rankings released by the World Steel Association (WSA), India was the 4th largest crude steel producer in the world in 2010, 2011 as also during January – September 2012. The details of global rankings of producers in terms of crude steel production …

Metal Bulletin Launches New 66% Fe Iron Ore Concentrate Index

12th October 2012 Metal Bulletin today announced that it will publish a new reference price for the iron ore physical market‐ an Iron Ore Index, basis 66% iron content concentrates delivered Qingdao. The new Index addresses the requirement in the market for an independent and objective representation of the international iron ore concentrate spot market. …

Forthcoming Conferences


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35th Annual Coal Marketing Days The Seminal Coal Buyers/Sellers Event Date: September 20–21, 2012 Venue: Omni William Penn Hotel, Pittsburgh, Pennsylvania coal@platts.com 2nd Annual SBB Steel Raw Materials Europe 2012 Date: September 27-28, 2012 Venue: Hilton Amsterdam • Amsterdam, Netherlands support@platts.com     32nd Coaltrans World Coal Conference Date: 14 – 16 October 2012 Venue: …

BHP Billiton Prices A$1.0 Billion Note Issue

October 09, 2012 BHP Billiton has today priced a five year A$1.0 billion note issue under its Australian Medium Term Note Program. The Australian dollar notes will pay interest at 3.75 per cent and mature in October 2017. The proceeds will be used for general corporate purposes.