IRON ORE – AUSTRALIA

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