Pacific, Palmer In Iron Royalties Dispute
Iron – Reuters reported CITIC Pacific has filed a court injunction against Clive Palmer over disputed royalties at the $8 billion Sino iron project in Western Australia.
Iron – Reuters reported CITIC Pacific has filed a court injunction against Clive Palmer over disputed royalties at the $8 billion Sino iron project in Western Australia.
Iron – Mining Weekly reported a new Roskill report predicts that while its likely iron ore will remain volatile.
Iron – Reuters reported BHP Billiton (NYSE:BHP) says it will expand its iron ore production by a fifth in the next year.
Iron – Reuters reported Rio Tinto (ASX:RIO) says the mining industry in Australia is complacent and current attitude will lead to widespread cost cuts on lowered iron prices.
Iron – Bloomberg reported Anglo American Plc (LSE:AAL)’s Kumba iron ore unit said profit will drop at least 20 percent this year on lower prices and strikes in South Africa.
Iron – Reuters reported Rio Tinto (ASX:RIO) says it is unlikely China's new leadership will bring another stimulus to support iron ore trading.
Iron – Reuters reported China's Wuhan Iron & Steel Co Ltd no longer has a contract to build a 5-million-tonne-a-year steel mill in Rio de Janerio.
Iron – Bloomberg reported Senegal says it will resolve a legal dispute with ArcelorMittal (NYSE:MT) before negotiating with other companies on developing its iron-ore reserves.
Iron – Reuters reported Angola says it will start iron ore production within the next two to three years through a state-company partnership.
Iron – Reuters reported in an effort to take advantage of liquidity in the iron ore market, ICAP has opened an iron ore swaps and options desk in London and Singapore.
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