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Ghost from the past: Kevin Rudd is making a big mistake reviving an old tax debate We’re sorry, this service is currently unavailable. Please try again later. Dismiss April 26, 2021 — 11.59am Normal text size Advertisement With the iron ore price nudging $US180 a tonne it isn’t surprising that there has been a renewed call for a super profits tax on the iron ore miners. Last week former prime minister Kevin Rudd argued for a “super profits levy” on iron ore miners, accusing them of gr...

Ghost from the past: Kevin Rudd is making a big mistake reviving an old tax debate We’re sorry, this service is currently unavailable. Please try again later. Dismiss April 26, 2021 — 9.59am Normal text size Advertisement With the iron ore price nudging $US180 a tonne it isn’t surprising that there has been a renewed call for a super profits tax on the iron ore miners. Last week former prime minister Kevin Rudd argued for a “super profits levy” on iron ore miners, accusing them of gre...

Home / Shipping News / Dry Bulk Market / Finally some backed optimism in the dry bulk sphere: Capes benefiting from China’s hunger for iron ore Finally some backed optimism in the dry bulk sphere: Capes benefiting from China’s hunger for iron ore Strong Chinese steel output has been a fact: China produced 94.02 million tonnes of crude steel in March (up 19% from a year earlier) and, therefore, demand for the raw steelmaking ingredient of iron ore has also been supported. The infrastructure-...

Australia turns down Chinas overtures to deepen bilateral ties ANI | Updated: Apr 25, 2021 12:09 IST Sydney [Australia], April 25 (ANI): The ties between two countries have further strained as Australia cancelled agreements to participate in Chinas Belt and Road Initiative, terming it as "inconsistent with countrys foreign policy." Foreign Minister Marise Payne earlier on Saturday announced Canberra was cancelling two agreements by Victoria, the countrys s...

10:44 AM China is spending US$40bn a year in Africa. Longer term consequences can include Australias exports of iron ore -China has been working hard on strengthening ties with African nations, resource-rich or otherwise -China’s dispatch of PPE and vaccines to friendly nations in Africa has been a smart exercise in diplomacy -All eyes on Guineas Simandou deposit when it comes to Australias position of global iron ore exporter By Ed Kennedy The Economist held a webinar ‘Africa-China Relati...

Save Share If you were a Chinese official tasked with bringing down the price of iron ore, would your first thought be to build a greenfield mine far inland in west Africa? A mine, by the way, which the host government says must be connected to the distant coast through its own territory, which requires the construction of a 650-kilometre double-track railway with dozens of bridges and purpose-built tunnels, and then a huge wharf to reach waters deep enough for bulk carriers to dock, in readine...

Maintenance mostly over in Africa Most of the current round of refinery maintenance in Africa has been completed. However, South Africa’s Cape Town and Engen remain closed. ONGOING MAINTENANCE New and revised entries ** Ghana’s sole oil refinery, the Tema facility, has come back online after being shut in for a few weeks due to technical issues, a source close to the matter said March 22. “The refinery has resumed processing after days of some maintenance to correct some few issues,” th...

New and revised entries ** Ghanas sole oil refinery, the Tema facility, has come back online after being shut in for a few weeks due to technical issues, a source close to the matter said March 22. "The refinery has resumed processing after days of some maintenance to correct some few issues," the source said. The refinery went offline in late July, after having run through its reserves of crude. It then restarted in early January only to shut down again a month later. The CDU currently only...

China’s African iron ore strategy spells danger for Australia The Simandou iron ore deposit in West Africa has the potential to change the dynamics of the global iron ore market and put China in the driver’s seat. Apr 9, 2021 – 6.58pm Save Share With the iron ore price hovering around $US160 a tonne and Australia exporting about 20 million tonnes of ore from the Pilbara every week, the country is earning about $585 million a day from China. Thanks to rising demand from Chinese st...

By Reuters Staff 4 Min Read SAO PAULO (Reuters) -Brazilian federal prosecutors in Rio de Janeiro have rejected a complaint alleging corrupt practices by executives of Vale SA related to the Simandou mine in Guinea, the iron ore miner said in a securities filing on Monday. FILE PHOTO: The logo of the Brazilian mining company Vale SA is seen in Brumadinho, Brazil January 29, 2019. REUTERS/Adriano Machado/File Photo Federal prosecutors in Rio decided there were no grounds to open a criminal prose...