IRON MINES AND MINING – AUSTRALIA

Steel price recovery a boost to miners

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Original article by Sarah-Jane Tasker
The Australian – Page: 20 : 17-Sep-14

The iron price gained four per cent in overnight trading on 15 September 2014, rising to $US85 per tonne. Shares in Australian-listed iron ore producers rallied in response. However, independent market strategist David Scutt notes that sharp gains in the iron ore price often occur between September and November

CORPORATES
BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, BC IRON LIMITED – ASX BCI, ATLAS IRON LIMITED – ASX AGO, MOUNT GIBSON IRON LIMITED – ASX MGX, DFP RECRUITMENT SERVICES PTY LTD

Price collapse to cost big miners $10bn

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Original article by Barry FitzGerald
The Australian – Page: 19 : 11-Sep-14

Government revenue and the profits of major Australian-listed mining companies will be hit by the downturn in the iron ore price, which is currently trading at around $US83.20 per tonne. Macquarie Group has responded by reducing its profit forecasts for BHP Billiton, Rio Tinto and Fortescue Metals Group by a combined $US3.93bn in 2015 and $US4.76bn in 2016. Macquarie expects the iron ore price to trade at $US92/tonne in 2015

CORPORATES
BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, MACQUARIE GROUP LIMITED – ASX MQG, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, STANDARD AND POOR’S CORPORATION, ATLAS IRON LIMITED – ASX AGO, CLIFFS NATURAL RESOURCES INCORPORATED

Price collapse to cost big miners $10bn

roymorgansocial Leave a comment

Original article by Barry FitzGerald
The Australian – Page: 19 : 11-Sep-14

Government revenue and the profits of major Australian-listed mining companies will be hit by the downturn in the iron ore price, which is currently trading at around $US83.20 per tonne. Macquarie Group has responded by reducing its profit forecasts for BHP Billiton, Rio Tinto and Fortescue Metals Group by a combined $US3.93bn in 2015 and $US4.76bn in 2016. Macquarie expects the iron ore price to trade at $US92/tonne in 2015

CORPORATES
BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, MACQUARIE GROUP LIMITED – ASX MQG, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, STANDARD AND POOR’S CORPORATION, ATLAS IRON LIMITED – ASX AGO, CLIFFS NATURAL RESOURCES INCORPORATED

Price collapse to cost big miners $10bn

roymorgansocial Leave a comment

Original article by Barry FitzGerald
The Australian – Page: 19 : 11-Sep-14

Government revenue and the profits of major Australian-listed mining companies will be hit by the downturn in the iron ore price, which is currently trading at around $US83.20 per tonne. Macquarie Group has responded by reducing its profit forecasts for BHP Billiton, Rio Tinto and Fortescue Metals Group by a combined $US3.93bn in 2015 and $US4.76bn in 2016. Macquarie expects the iron ore price to trade at $US92/tonne in 2015

CORPORATES
BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, MACQUARIE GROUP LIMITED – ASX MQG, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, STANDARD AND POOR’S CORPORATION, ATLAS IRON LIMITED – ASX AGO, CLIFFS NATURAL RESOURCES INCORPORATED

Stokes happy with BC Iron takeover bid

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Original article by Peter Ker
The Australian Financial Review – Page: 17 : 12-Aug-14

Australian businessman Kerry Stokes will be the largest shareholder of BC Iron if its $250m cash and scrip bid for Iron Ore Holdings (IOH) succeeds. Stokes has a 25 per cent stake in the target, and the offer of $A0.10 per share plus 0.44 shares in BC Iron for every IOH share would give him a 19 per cent stake in BC. IOH shares rose by $A0.37 to $A1.35 on 11 August 2014, while BC Iron was down $A0.32 at $A2.99

CORPORATES
BC IRON LIMITED – ASX BCI, IRON ORE HOLDINGS LIMITED – ASX IOH, FORTESCUE METALS GROUP LIMITED – ASX FMG, AURIZON HOLDINGS LIMITED – ASX AZJ, SHANGHAI BAOSTEEL GROUP CORPORATION, AQUILA RESOURCES LIMITED, MACQUARIE GROUP LIMITED – ASX MQG, SEVEN GROUP HOLDINGS LIMITED – ASX SVW, NEXUS ENERGY LIMITED – ASX NXS

Iron ore set to deliver profits before earnings’ slide bites

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Original article by Peter Ker
The Australian Financial Review – Page: 15 : 28-Jul-14

Higher export volumes and cost-cutting will ensure that Australian-listed iron ore producers deliver good full-year results in the August 2014 reporting season. However, the sector faces challenges in the 2014-15 fiscal year, including expectations of continued weakness in the iron ore price. This will offset further growth in export volumes, with companies whose sole focus is iron ore likely to be hardest hit. Stuart Howe of Bell Potter notes that iron ore producers may continue to pay strong dividends

CORPORATES
BELL POTTER SECURITIES LIMITED, BELL FINANCIAL GROUP LIMITED – ASX BFG, ANGLO AMERICAN PLC, FORTESCUE METALS GROUP LIMITED – ASX FMG, BC IRON LIMITED – ASX BCI, ATLAS IRON LIMITED – ASX AGO, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, AUSTRALIA. DEPT OF INDUSTRY. BUREAU OF RESOURCES AND ENERGY ECONOMICS, FORMOSA

Rio joins Fortescue in cutting iron ore prices

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Original article by Angus Grigg, Lisa Murray
The Australian Financial Review – Page: 22 : 6/19/2014

Rio Tinto will reduce the price of low-grade iron ore by 13 per cent to around $US73 per tonne, in the wake of the fall in the benchmark price. The discount takes effect from 1 July 2014, and follows a similar move by Fortescue Metals Group. Tim Murray of J Capital Research notes that there has been a decline in demand for lower-grade iron ore

CORPORATES
RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, J CAPITAL RESEARCH COMPANY LIMITED, CITIC RESOURCES HOLDINGS LIMITED, MYSTEEL.COM LIMITED, DEZHENG RESOURCES HOLDING COMPANY LIMITED, BANK OF CHINA GROUP, CITIC GROUP