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Caterpillar Will Benefit From Headwinds In Iron Ore Industry

2014-10-14 15:40:36| Steel - Topix.net

Iron ore miners will need to increase automation for reducing production cost as iron ore prices are at a five year low. BHP Billiton and Fortescue Metals Group are trailing Caterpillar's driverless trucks.

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Tata Steel, SAIL face 30-40% fall in ore supply over Jharkhand ban

2014-09-11 07:11:54| Steel - Topix.net

Steelmakers like Tata Steel and Steel Authority of India are heading for fresh trouble in the wake of Jharkhand state Government ordering closure of 12 mines, including the mines controlled by these two steel giants. The District Mining Office of Chaibasa in Jharkhand has recently issued a closure notice to 12 of the 17 working iron ore mines in West Singhbhum, running under second and third subsequent deemed renewal.

Tags: face fall supply steel

 
 

Billionaires bleed in iron ore slump

2014-09-08 06:06:51| Grocery - Topix.net

Pubs billionaire Bruce Mathieson is poised to lose tens of millions of dollars after his 21.5 per cent-owned Western Desert Resources became the highest-profile victim of the iron ore price slump so far, calling in administrators. The collapse of the iron ore junior, which mines the Roper Bar venture in the Northern Territory, came after Macquarie Bank lost patience with ongoing negotiations on restructuring payments on about $80 million of debt and further short-term funding needs.

Tags: iron ore bleed slump

 

Construction Week: ABC Backlog Indicator Falls 2.8% in Q2; FRP Bridge Deck in Ore. To Be Replaced

2014-07-09 18:11:37| ENR.com: Headline News

ABC expects backlogs to improve during the second quarter of this year.

Tags: to week construction falls

 

Australian shares dip as iron ore slides

2014-06-17 11:51:01| Telecom - Topix.net

Australian shares fell as the spot price for iron ore, the country's biggest export, continued to slide and minutes from the Reserve Bank of Australia's June meeting provided a slightly more cautious outlook on how the sources of economic growth are shifting from mining to other sectors.

Tags: iron australian shares ore

 

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