Page 54 - Beyla News Today

Rio Tinto sees inflation with costs up and tonnes down as iron ore price scales record heights Mining share Is inflation coming to hit the hip pockets of Australia’s big iron ore miners? For years the big players have used cost discipline (and arguably advantageous bargaining positions when it comes to wages after culling thousands of jobs in the downturn) to keep their iron ore empires ticking along, with costs in the mid-teens for each tonne of ore mined. Now they are benefitting from a per...

What does the PBOC’s dovish shift mean for metal prices? Tony Sycamore July 13, 2021 2:15 AM Fiscal, stimulus, ultra-low interest rates, global infrastructure projects as well as inflation fears propelled metal prices higher. In this article, we will review what comes next for key metal prices following last weeks dovish shift by the PBOC. Share: China o...

Development Recent developments that have put Nigeria in a precarious situation, with billions of dollars lost to some unscrupulous foreign businessmen with the active connivance of criminal elements in Nigeria, has necessitated the importance of arming relevant government officials, representing the country in international trade and contract agreements with requisite negotiating skills to avoid pitfalls, associated with a number of bogus foreign deals. Kunle Aderinokun reports In 2010, P&ID e...

Australia’s iron ore export boom to China is a double edged sword For much of Australia’s history it was said the fortunes of our nation’s economy rode on the sheep’s back. With wool being Australia’s main export commodity between 1871 and the 1960s, where wool prices led, our economy at times followed. Fast forward 60 years and Australia is just as reliant on exports for its economic prosperity as it was more than a century ago. Except this time, the nation’s economic future no lon...

Strong iron ore prices have shown great resilience, with the sustainability of their rally attracting market attention. The S&P Global Platts 62% Fe index, IODEX, reached a record $233.1/dmt on May 12 driven by a resurgence in global demand, tightening supply and runaway steel prices. Although the IODEX eased back slightly in early June, iron ...

Iron ore prices have flourished again despite a downward dive following Beijing's promise to curb the mineral's unabated ...

Fortescue Metals Group boss Elizabeth Gaines has hosed down concerns that the revival of Brazilian producer Vale or China backing development of the Simandou deposit in west Africa will crimp Australia’s economy-defining iron ore exports. Ms Gaines told the Australian Shareholders’ Association conference that Simandou was a very complex project and its likely development was ...

Uganda and Tanzania last week gave the go-ahead for the construction of an oil pipeline between the two countries, even as environmentalists demanded for it to be scrapped, according to a report in the Hong Kong based South China Morning Post (SCMP).

Fortescue Metals Group chief executive Elizabeth Gaines tells the Australian Shareholders’ Association that market conditions point to continued strength in iron ore prices.

Dozens of China-backed and funded projects in Africa, most of them developed as part of Beijing Belt and Road Initiative (BRI), continue to face intense backl