| Date | Time | Source | |
| 03/18/2010 | 10:39PM | DJN | China CISA: Vale Asked For 90%-100% Iron Ore Term Price Hike
Brazilian miner Vale S.A. (VALE) asked Chinese steel mills for a 90%-100% increase in the 2010 iron ore benchmark price, China Iron and Steel Association Vice Chairman Luo Bingsheng said Friday. Vale first proposed a 90% price increase, then later suggested 100%, Luo said. Speaking at an industry conference, Luo's comments... More...>> |
| 03/18/2010 | 1:41PM | DJN | Brazil Feb Aluminum Output Down 2.8% On Year - Industry Group
Brazilian aluminum production fell 2.8% to 117,200 metric tons in February on the year, the Brazilian Aluminum Association said in a statement Thursday. Despite the overall decline in output, most companies producing the metal in Brazil showed signs of recovery from the global economic crisis late 2008 and throughout 2009... More...>> |
| 03/18/2010 | 1:40AM | DJN | 2nd UPDATE: Macarthur Coal Strikes Big Leap In PCI Price
Macarthur Coal Ltd. (MCC.AU) said Thursday it has started agreeing prices for its pulverized, or PCI, coal at levels in line with the near doubling of prices struck by other miners. The Brisbane-based miner, which is the world's biggest producer of PCI coal for the seaborne market, also said that its settlements so far... More...>> |
| 03/18/2010 | 12:36AM | DJN | Murchison, Mitsubishi Increase Planned Oakajee Port Capacity By 29%
Murchison Metals Ltd. (MMX.AU) and joint venture partner Mitsubishi Corp. (8058.TO) said Thursday they have increased the planned initial capacity of their A$4 billion Oakajee iron ore port development by 29% to 45 million metric tons a year and identified three potential foundation customers. The pair are partners in... More...>> |
| 03/17/2010 | 11:54PM | DJN | UPDATE: Macarthur Coal Settles PCI, Moves To Shorter Term Pricing
Macarthur Coal Ltd. (MCC.AU) said Thursday it has started settling prices for its pulverized, or PCI, coal and that contracts are being shifted to shorter-term pricing structures. The Brisbane-based miner didn't say what price had been struck in the settlements with its steelmaking customers, but other producers have announced... More...>> |
| 03/17/2010 | 11:31PM | DJN | Macarthur Coal Starts Price Settlements, Moves To Shorter-Term Pricing
Macarthur Coal Ltd. (MCC.AU) said Thursday it has started settling prices for its pulverized, or PCI, coal and that contracts are being shifted to shorter-term pricing structures. The Brisbane-based miner didn't say what price had been struck in the settlements for contracts for the Japanese financial year starting April... More...>> |
| 03/17/2010 | 11:11PM | DJN | BHP Billiton To Stop Railing Coal To Hay Point Thursday
BHP Billiton Ltd. (BHP.AU) said it plans to stop railing coal to its Hay Point export terminal Thursday as stockpiles at the port are nearly full. Hay Point, which is part of the miner's BHP Mitsubishi Alliance with Mitsubishi Corp. (8058.TO), was closed a week ago due to high winds associated with a high pressure system... More...>> |
| 03/17/2010 | 10:52PM | DJN | BHP Billiton's Kwinana Refinery May Be Offline For Up To 2 Weeks
BHP Billiton Ltd. (BHP.AU) said Thursday production at its Kwinana nickel refinery in Western Australia could be interrupted for up to two weeks due to shortages of hydrogen gas. The refinery closed on March 15, with the plant's hydrogen-making facility breaking down and secondary sources of supply not available. "Production... More...>> |
| 03/17/2010 | 7:00PM | DJN | BHP Billiton: Remains Cautious About State Of Global Economy
BHP Billiton Ltd. (BHP) outgoing Chairman Don Argus said Thursday he remained cautious about the state of the global economy, as countries face the difficult task of winding back stimulus measures. Argus, in his last letter to shareholders before his departure on March 30 after 10 years as chairman of the world's biggest... More...>> |
| 03/17/2010 | 6:34PM | DJN | Australian Taxation Office Mulls Appeal Against BHP Billiton Ruling
The Australian Taxation Office said Thursday it is still considering whether to launch a fresh appeal after losing the latest round in its long-running A$2.2 billion tax dispute with mining giant BHP Billiton Ltd. (BHP.AU). The full Federal Court on Wednesday dismissed the ATO's appeal against last April's decision in... More...>> |
| 03/17/2010 | 4:16AM | DJN | Seeing Machines' Driver Tracking Deal With BHP Billiton Units
Seeing Machines Ltd. (SEE.LN) Wednesday said it has signed a contract to supply its DSS driver monitoring equipment suite to subsidiaries of miner BHP Billiton PLC (BLT.LN) and is in talks with one of the divisions for a further roll out. Seeing Machines, a developer of advanced computer based imaging software systems... More...>> |
| 03/17/2010 | 3:52AM | DJN | BHP Billiton: Output At Kwinana Nickel Refinery Halted
BHP Billiton Ltd. (BHP) said Wednesday it has halted output at its Kwinana nickel refinery in Western Australia due to a lack of hydrogen gas. The refinery has been shut since March 15, and BHP expects the issue to continue for "a couple of days," said a BHP spokeswoman. "Kwinana is currently closed. Our hydrogen-making... More...>> |
| 03/16/2010 | 10:45PM | DJN | BHP Billiton Says Hay Point Closure Starts To Impact Coal Mines
BHP Billiton Ltd. (BHP.AU) said Wednesday its Hay Point coal export terminal in Queensland state remains closed and this is starting to affect production at some coal mines and rail operations. BHP, together with joint venture partner Mitsubishi Corp. (8058.TO), is the world's biggest exporter of coking coal and the closure... More...>> |
| 03/16/2010 | 9:24AM | DJN | UPDATE:German Steel Lobby Slams Expected Iron,Coal Price Hikes
German steel industry lobby group Wirtschaftsvereinugung Stahl Tuesday warned that the impending considerable rise in raw material prices would jeopardize the recovery of steel markets and burden steel makers with billions of euros in additional costs. "The massive price increases that are looming for iron ore and coking... More...>> |
| 03/16/2010 | 9:06AM | DJN | German Steel Industry Slams Expected Iron, Coal Price Hikes
German steel industry lobby group Wirtschaftsvereinugung Stahl Tuesday warned that the impending considerable rise in raw material prices would jeopardize the recovery of steel markets and burden steel makers with billions of euros in additional costs. "The massive price increases that are looming for iron ore and coking... More...>> |
| 03/16/2010 | 3:43AM | DJN | West Australia Premier To Meet With Rio Tinto CEO On Royalties
Western Australian Premier Colin Barnett said Tuesday that he plans to meet Rio Tinto (RTP) Chief Executive Officer Tom Albanese in "the next few weeks" to discuss a plan to charge the global miner - and its mooted joint venture partner BHP Billiton Ltd. (BHP.AU) - higher iron ore royalties. "I am meeting the head of Rio... More...>> |
| 03/16/2010 | 1:31AM | DJN | UPDATE: China's Interest Should Be Reflected In Iron Ore Talks
China's interest in securing iron ore at reasonable prices should be reflected in ongoing negotiations and the government wants to stick to the mechanism of long-term price agreements, Yao Jian, spokesman for the Ministry of Commerce, said Tuesday. Yao said his ministry and the Ministry of Industry and Information Technology... More...>> |
| 03/15/2010 | 11:52PM | DJN | China: China's Interest Should Be Reflected In Iron Ore Talks
China's interest should be reflected in the ongoing iron ore negotiations and China advocates sticking to the mechanism for long-term iron ore price agreements, Yao Jian, spokesman for the Ministry of Commerce, said Tuesday. Yao said his ministry and the industry ministry support Chinese steel firms in the iron ore talks... More...>> |
| 03/15/2010 | 7:47AM | DJN | Rio Tinto: Will Work To Extend Relationship With Chinalco
Anglo-Australian miner Rio Tinto PLC (RTP) Monday said it would work to extend its relationship with Aluminum Corp. of China (ACH), or Chinalco, "and to pursue business opportunities that may be to our mutual benefit." Rio Tinto last year walked away from a $19.5 billion alliance with Chinalco, its biggest shareholder... More...>> |
| 03/15/2010 | 12:00AM | DJN | BHP Billiton Says Key Coking Coal Port Still Closed
BHP Billiton Ltd. (BHP) said Monday the Hay Point coal terminal near Mackay in Queensland state, a key export port for coking coal, remains closed due to bad weather conditions. The coal terminal, which is part of BHP Billiton's coking coal alliance with Mitsubishi Corp. (8058.TO), has been closed sine the morning of March... More...>> |