LONDON (Reuters UK) - Miner Rio Tinto RIO will not agree any more traditional iron ore contracts on a benchmark basis and plans a "significant" increase in spot market sales next year, a senior executive told Reuters on Thursday. "We're not planning to place more tonnes...
Russia's largest private freight operator, Globaltrans, approved the creation of a Ukranian subsidiary last month. It says there are significant opportunities in Ukraine, particularly in steel iron-ore, and coking coal markets...
United Group has won $A 100 million ($US 97 million) worth of contracts recently. In addition to its order above, it will supply 315 iron-ore wagons to BHP Billiton, and 13 sulphuric acid tank wagons for Incitec Pivot's operations in Townsville, Queensland...
Anglo American sells South African stakes *Anglo American's South African operations completed seven deals to sell stakes to black groups worth 50bn rand (3.3bn) in 2007, the miner said yesterday. Anglo, the lead investor in South Africa with interests in platinum, coal, iron...
[ILLUSTRATION OMITTED] AUSTRALIAN mining giant Rio Tinto is to become the first heavy-haul railfreight operator to introduce large-scale driverless operation on its network following successful trials on the Paraburdoo--Tom Price line in January. Rio Tinto intends to invest $US 371 million over the next five years rolling out...
With its vast expanses of sand dunes and plateaux, Mauritania has some of Africa's most spectacular scenery. Gill Harvey saddles up her camel and heads for the hills Four travellers sit by torchlight in a bare room with thin, tatty mattresses slung around...
THE dramatic increase in steel and energy prices could cause an unpredictable increase in the cost of wheels and wheelsets, according to the European Railway Wheelset Association ERWA, which says its members' production costs have already increased by more than 20% this year. [ILLUSTRATION OMITTED]...
[ILLUSTRATION OMITTED] THERE are more than 2000 private railfreight operators in Russia today, ranging from small owners of a few wagons to big players with large fleets, a few of which are starting to acquire their own locomotives. While Russian Railways RZD still dominates the...
CLEVELAND -- Cleveland-Cliffs Inc (NYSE: CLF) today announced that Laurie Brlas, executive vice president and chief financial officer, is scheduled to present at the Bank of America Basics/Industrials Conference being held in New York City on Wednesday, May 7, 2008, at 3:40 p.m. ET. The presentation will highlight the Company's...
MINING giant Vale formerly CVRD is to invest $US 8.7 billion over the next four years to raise capacity on its Brazilian heavy-haul lines. By far the largest investment will be in the Carajas Railway EFC, where Vale intends to spend $US 5.9 billion by 2012 increasing iron-ore...
Byline: Oliver Good Global fund of water funds will be launched as Luxembourg-domiciled fund in June Williams de Broe has teamed up with Societe Generale to launch a global fund of water funds. ...
Byline: Stephen Wilmot F&C fund manager Mike Hanbury-Williams talks to Stephen Wilmot about his thematic approach to equities Mike Hanbury-Williams describes his GBP429m Pacific Growth fund as a "high-alpha fund designed to outperform in all market ...
Rio Tinto has awarded a $A 65 million ($US 61.3 million) contract to extend its Robe River heavy-haul railway in the Pilbara region of Western Australia. The project involves the extension of the Cape Lambert to Pannawonica line by 47km to the new Mesa A iron-ore mine. The single-track line...
As a sector, infrastructure can present valuable opportunities to the seasoned stock picker. Stephen Wilmot The current frenzy surrounding infrastructure stocks in emerging markets is well illustrated by the 65 per cent price increase for iron-ore contracts secured last month...
U Mining Resources Inc. (PINKSHEETS: UMNG)today provided updates on the BOOT (Build-Own-Operate-Transfer) Agreementbetween its majority-owned subsidiary Comitrag S.A. and the Republic ofGuinea. As per the terms of the Agreement, the Government of Guinea will grantComitrag a Mining Concession for the exploration, development andproduction of a world-class iron ore resource located...
CLEVELAND -- Cleveland-Cliffs Inc (NYSE: CLF) today announced that Chairman, President and CEO Joseph A. Carrabba is scheduled to present at the BMO Capital Markets 2008 Global Metals and Mining Conference being held in Hollywood, Fla., on Tuesday, Feb. 26, 2008, at 2 p.m. ET. The presentation will highlight the...
Rio Tinto Group, the target of a $138 billion hostile bid from BHP Billiton Ltd., said second-half profit rose 11 percent on record iron-ore production and its acquisition of Alcan Inc. Rio's net income in the six months ended Dec. 31 climbed to $4.06 billion, from $3.64...
CLEVELAND -- Cleveland-Cliffs Inc (NYSE:CLF) today announced that Chief Financial Officer Laurie Brlas is scheduled to present at the Morgan Stanley 2008 Global Basic Materials Conference being held at The Crowne Plaza Times Square in New York City on Tuesday, Feb. 19, 2008, at 11:20 a.m. ET. The presentation will...
Business News IN BRIEF --Anglo American has agreed to pay $5.5bn ($2.8bn) to acquire two iron-ore mines controlled by the Brazilian billionaire Eike Batista. The transaction will give Anglo full ownership of the Minas Rio project after it paid $1.15bn to acquire a 49 per cent stake...
MMX Starts Amapá Operations, Acquires AVG, Looks at Asset Sale to Anglo American Brazilian iron-ore producer MMX Mineração e Metálicos S.A. announced in December that an operating license has been issued by the Amapa State Environmental Secretariat, authorizing operations by subsidiary MMX Amapá Mineração which include the...
Articles 2008-01-01
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