A look at the debt ratios from the above mentioned iron ore producers shows that RIO has 59% of assets financed with debt, FMG 65%, VALE 62% and BHP is the best with only 48%. A deeper investigation before investing is necessary here as most of the above companies are involved in more commodities and not just iron ore.
One result has been that the price of potassium has fallen by about 25% in the past couple of years, while the price of Vale's iron ore has also dropped. The lower price of fertilizer meant that has Brazil paid less than 400 for each tonne of potassium imported in the past three years, compared with close to 600 a tonne in 2008 and 2009.
Apr 22, 2015 · BHP Billiton (NYSE: BBL news) is slowing down its expansion plans in iron ore, the first big miner to pull back as a global supply glut sends ore prices tumbling. While BHP's pullback is small compared with overall seaborne iron ore trade of around billion tonnes, it is viewed as significant given BHP's position as an efficient producer.
Mar 03, 2019 · Iron Ore's 250 Billion Glut Pressures Rio to Vale . 4/10/2013 · Given iron ore operations made up 78 percent of Rio's earnings last year and more than 90 percent at Brazil's Vale SA, producers are being forced to review plans.
Oct 22, 2015 · Even as iron ore prices have collapsed, Brazilian giant Vale SA is building a US16 billion ironore operation that it touts as the biggest project in our history and in international mining.
Jan 17, 2012 · It expects to produce 283 million tonnes of iron ore by 2013, up % from 2011. That would place Rio Tinto at near par with the current output of Vale at 308 million tonnes, though the Brazilian miner aims to boost iron ore output to 469 million tonnes by 2015.
Nov 08, 2014 · Global miner Rio Tinto ()(), which gets 92 percent of its revenue from iron ore, is unfazed by the drop in ore prices and sticking to plans to raise output, chief executive Sam Walsh told Reuters in an interview. The AngloAustralian miner, which rebuffed an approach from commodities trader Glencore Plc () in August, is also confident of increasing returns to .
Jul 29, 2021 · China: Iron ore futures up on Friday amid Vale's supply uncertainties; HRC gains but rebar slips 24 March 2019: China: Iron ore and steel futures drop as Vale to restart major iron ore mine 21 March 2019: China: Jiangsu ChangBao orders seamless tube plant 21 March 2019: China: Shandong Iraeta produces world's largest seamless forging piece 20 ...
Mar 05, 2014 · According to PwC's latest survey of mining in British Columbia, 2012 mining revenues dropped to billion from billion in 2011; earnings plummeted to .
Oct 10, 2014 · A giant ironore freighter owned by Vale SA was allowed to dock at a Chinese port last week, Reuters data showed, the first since the Brazilian miner signed deals with two of China's largest ...
Sep 25, 2014 · The world's top iron ore producer, Vale, is targeting to raise its annual output to 453 million tonnes by 2018 from 306 million tonnes last year. Secondranked Rio .
Dec 29, 2008 · Vale ordered 12 vessels, each with the capacity to carry 400,000 metric tons of minerals, in August. The ships are scheduled to be delivered from early 2011 through the end of 2012 and will serve the China trade route. China is the world's largest iron ore consumer
Nov 30, 2015 · Rineharts 10billion operation, which targets annual production of 55 million tonnes, missed an initial deadline to begin shipments earlier this year. Benchmarks . Nifty 18, NSE GainerLarge Cap . IRCTC 5,
Jan 29, 2016 · The operation will increase the company's ironore output by more than 25% and sharply reduce its costs, though many have questioned the wisdom of ramping up production amid a .
Dec 10, 2014 · The price will average 99 this year and 85 in 2015, the bank predicts. "The majors have embarked on 'shakeout' in the iron ore market with a view to regaining market share," Bank of America Merrill Lynch said in a report on Dec. 3. The price will average 70 next year and 65 in 2016, it said, cutting forecasts.
During 2018, the country's imports of iron ore decreased 1%. The latest decrease in Chinese iron ore yearly imports were in 2010. During 2018, China also increased its iron ore production, but import dependency is still some 88%, which is the same as last year's figure. In 2018, the seaborne iron ore trade increased by % to billion mt.
As the world's top buyer, China will invest more in iron ore mines overseas in a move to reduce its heavy reliance on imports from global iron ore miners Rio Tinto Ltd, Vale and BHP Billiton Ltd ...
Apr 01, 2016 · The exit from CSA comes as Vale wrestles with the impact of slumping iron ore prices. Chief Executive Officer Murilo Ferreira said in February that a .
Dec 29, 2009 · Vale's 19 billion acquisition of Inco, a large nickel producer based in Canada, allows the company to provide all the raw materials that steelmakers need. In 2005 Vale was able to raise prices for its iron ore by % in tough negotiations. It is hard to .
Jul 22, 2015 · BHP Billiton, the world's biggest mining company, is powering ahead with boosting its iron ore output, adding to a global glut and keeping pressure on prices.. Output will rise 6% to 247 million ...
Jul 16, 2014 · If sustained below / ton, about one fifth of China's iron ore miners would be forced to shut down around 80 million tons of output per year. In contrast, Rio Tinto breaks even at / ton, and BHP stays in the black at . Brazil's Vale's breakeven is / ton, due to .