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Global Iron Ore Fines Market Status and Forecast 2019-2029 released. Key miners in Odisha look to ramp up iron ore production on firm ... September 30, 2018 / Iron ore fines mining news. ... FMG shares drop 3% as Morgan Stanley downgrades the iron ... September 24, 2019 / Iron ore fines mining news.
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In return, IOC pays the Corporation a 7% gross overriding royalty on all sales of iron ore products produced from these lands. A 20% tax on the royalty is payable to the Government of Newfoundland ...
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Rio Tinto has warned that cracks in the global supply chain and the energy crisis afflicting China and Europe could undermine its commodities business, as the mining giant lurched to another poor ...
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Iron Ore stocks have significantly underperformed the ASX200 in the past two months, in correlation with the decline in the iron ore price. Clearly, Fortescue Mining (FMG) is the most leveraged exposure to the iron ore price, given it is the only commodity it produces. Meanwhile, BHP and RIO have had less leverage to the upside due to their
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Jun 21, 2022Iron ore plunged more than 7% in Singapore, giving up all its gains this year, as steel mills idled amid growing pessimism over the demand outlook in China. Meantime, copper edged higher to snap a ...
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The global market for iron ore pellets is expected to grow at a 3.7% CAGR of 3.7% over the next six years. Because the spike in iron ore prices is expected to continue in the near term, we believe BHP Group (BHP), Rio Tinto Plc (RIO), and Labrador Iron Ore Royalty Corporation (LIFZF) are well positioned to benefit. BHP Group Ltd. (BHP)
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Rio cut its full-year iron ore production forecast to 320-330 million tonnes, down from 333-343 million tonnes, equal to a 4.4 per cent drop in the mid-point of the range.
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Apr 13, 2015Oversupply and a lack of demand growth has led some market analysts to speculate that iron ore prices will never recover to former levels. ... These are downgrades of 23 percent and 36.6 percent ...
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Nov 19, 2021This article was originally published by Mining Technology The price of iron ore has dropped to its lowest levels since November 2020, after demand outlook for steel products and raw materials in China plummeted. Iron ore with 63.5% iron content for delivery in Tianjin, China was around $85 per tonne, close to the lowest since November 2020.
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Real-time Price Updates for Labrador Iron Ore Royalty Corp (LIF-T), along with buy or sell indicators, analysis, charts, historical performance, news and more
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The slumping iron ore price is providing the perfect opportunity to build up positions in Australia's top iron ore producers, experts tell CNBC. ... but warns about big earnings downgrades for ...
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Rating agency Fitch downgraded its outlook on BHP Billiton and Rio Tinto from stable to negative, after revising down its price assumptions for iron ore, copper and nickel earlier this month. BHP B.
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It (Other OTC: ITGL - news) seems BHP Billiton has finally started down this path with iron ore. In announcing a 52-percent plunge in annual profit on Tuesday, Chief Executive Andrew Mackenzie also...
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Australian miners are reeling from downgrades by a major broker and bearish outlooks for steel and iron ore. The raw materials sector, which accounts for around 16 per cent of the market ...
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Morgan Stanley lowered its 2H2014 forecast for the price of iron ore to an average of $95 per ton, saying that there is too much iron ore coming from low-cost Australia and Brazil. As such, the...
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Oct 14, 2021The company also downgraded expectations for its Canadian iron ore business on the back of labour and equipment shortages, reduced its copper target because of an outage at its Kennecott mine in...
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Industrial production growth slowed down to 0.4% in November EEC extends import duties on Ukrainian steel pipes for another 5 years Companies ArcelorMittal increased iron ore concentrate production by 3.3% in 11M Group DF sold its Crimean assets to Russkiy Titan ArcelorMittal invested ₴258 million in Kryvyi Rih's development in 2021
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Sep 17, 2021The firm cuts its 2022 average iron ore price forecast by 12% to $89, as it downgrades Fortescue Metals (OTCQX:FSUMF) to Sell from Neutral and a Sell recommendation on Rio Tinto and a Neutral ...
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Oct 14, 2021The miner now expects 2021 Pilbara iron ore shipments at between 320 million tonnes (mt) and 325 mt, down from a previous range of 325 mt to 340 mt. The downgrade puts Rio on course to lose its...
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Afterward, BHP Billiton (BHP) and Rio Tinto (RIO) flagged weather-related disruptions. BHP Billiton (BHP) is expecting a reduction of 6 million-8 million tons of iron ore for fiscal 2019 while Rio...
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Major miner Rio Tinto (RIO) suffered the double hit of lower prices and lower production in the first six months compared to last year, and warned of uncertainty over China's industrial recovery. The price of its key product, iron ore, is dependent on a healthy Chinese economy, and on Friday the country's National Bureau of Statistics announced June quarter GDP growth of just 0.4 per cent ...
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Mining Weekly reported that credit rating agency Standard & Poor's has downgraded its price forecasts for iron ore and copper due to slow global growth. As quoted in the market news: The agency...
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Jul 16, 2021The global miner said Pilbara iron ore production fell 9 per cent to 75.9 million tonnes in the June quarter of 2021. In the same period, shipments fell 12 per cent to 76.3mt. Rio said its annual iron ore shipments for 2021 would be at the low end of its guidance range, of between 325mt and 340mt.
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The iron-ore miner now expect to ship 320 million and 325 million tonnes in FY22, versus prior guidance between 325 million and 340 million tonnes. ... Rio Tinto (ASX:RIO) downgrades iron ore ...
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Dec 10, 2021In 2022, total production from the Kumba mines is now foreseen at 39 million-41 million mt of iron ore, down from the 41.5 million-42.5 million mt expected previously, Anglo said in a statement. For 2023, production guidance is also now put at 39 million-41 million mt, down from the previously-stated 41.5 million-42.5 million mt, it said.
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TIOZ22 | A complete Iron Ore 62% Fe, CFR China (TSI) Futures Dec 2022 futures overview by MarketWatch. View the futures and commodity market news, futures pricing and futures trading.
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But according to UBS, a steep decline in the price of iron ore is hurting the company's ability to earn profits -- and may imperil Cliffs' dividend as well. UBS believes ore prices will "re-rate...
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Rio's iron ore production was down 9pc in the June quarter. Mining giant Rio Tinto has been hit by a range of major operational challenges caused by skilled labour shortages, Aboriginal heritage management, and heavy rain. The global miner said Pilbara iron ore production fell 9 per cent to 75.9 million tonnes in the June quarter of 2021.
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Since hitting a recent low of $86 a ton in September, the price of iron ore has skyrocketed 57% in a matter of months, recently hitting $135 a ton. Unfortunately, this poses shareholders -- and...
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Rio Tinto downgrades iron ore guidance again . Rio Tinto has downgraded its full-year iron ore shipments guidance due to mine operational challenges. FTSE 100. 17:25 30/08/22. n/a. n/a.
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The most-traded iron ore for May delivery on China's Dalian Commodity Exchange ended the morning trade 0.9% lower at 690 yuan ($108.27) a tonne, retreating after a four-session rally.
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"However, in our view current free cash flow & dividends are not sustainable as we expect the iron ore price to fall by more than 50% (from more than $200/t to circa $90) over 12-18mths; we do not...
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Austrian steelmaking group Voestalpine has downgraded its outlook for business year 2019/20 - April 1, 2019 to March 31, 2020 - because of the negative effects it expects the coronavirus to have both operationally and in terms of non-recurring effects, the company said on Tuesday April 7.
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Jun 21, 2021"However, in our view current free cash flow & dividends are not sustainable as we expect the iron ore price to fall by more than 50% (from more than $200/t to circa $90) over 12-18mths; we do not...
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Apr 20, 2022"Variations in iron ore reserves resulted primarily by the depletion resulting from mineral production at operating mines corresponding to approximately 414 million tonnes of iron ore, downgrades resulting from strategic review of long-term projects and geotechnical, market and processing factors," Vale explains.
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In the spot market, the benchmark 62%-grade iron ore bound for China, which traded at $124 a tonne on Wednesday, based on SteelHome consultancy data, had fallen 24% from this year's peak of $163...
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Oct 28, 2014The Western Australian budget estimated iron prices to average US$122.70 in 2014-15. Currently, the spot iron price is around US$80 - 34% lower than forecast: Western Australia was budgeting to ...
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Seaborne iron ore prices (62%Fe) have collapsed more than 50 percent over the past 18 months and recently dipped below $60 per metric ton (MT). In addition, cost overruns in 2014 at the new Pellet Plant and Plant 4 and ongoing ramp up at both plants have contributed to a reduction in liquidity.
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These downgrades reflect Fitch's expectation that the company will incur heavy reparation costs as a result of this accident that resulted in 16 confirmed fatalities and more than 300 missing people, caused widespread environmental damage and destroyed property. ... Vale produced an estimated 390 million tons of iron ore in 2018. The Feijao dam ...
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