Page 23 - Simandou News Today

(Bloomberg) -- Rio Tinto Group said second-quarter shipments of iron ore fell 1% from a year earlier, as China’s faltering economic recovery continued to weigh on demand.Most Read from BloombergSingapore Passport Is World’s Most Powerful, Replacing JapanTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystMorgan Stanley Moves 200 Tech Experts From China on Data LawMeet the Billionaire Who Convinced Messi to Pick MLS Over Saudi ArabiaMassive US Oil Caverns Sit Empty and W...

Iron ore edged up 0.1% to $113.85 a ton as of 9:13 a.m. in Singapore. The steel-making staple is around 14% lower than this year’s closing high in mid-March.

Despite world-class bauxite and iron ore reserves, Guinea’s minerals and metals have yet to yield significant socioeconomic improvements for citizens.

Consumer inflation in China slid to almost zero in the last month, increasing the risk of deflation in Australia’s largest trade partner and piling pressure on Beijing.

Underappreciated downside risks from slowing Chinese demand and commodity price overshooting. Read more about VALE stock here.

State planning officials have outlined plans to speed up domestic iron ore mine approvals and tax breaks for the industry to wean China off Australian supplies.

Rio Tinto and China Baowu Group will study building a green iron plant close to iron ore mines and renewable power in WA.

BEIJING : Rio Tinto has signed a memorandum of understanding (MoU) with China Baowu, the world's biggest steelmaker by volume, to develop projects aimed at enabling lower grade ore to be used in low-carbon steelmaking, the miner said on Monday.The demonstration projects include building a pilot-scale plan

Executive Summary Due to their wealth of critical natural resources (primarily rare earth minerals), rapidly growing populations (labor and consumer markets) and strategic geographic location, many Francophone and Lusophone countries in Africa occupy strategic roles for China and its large businesses operating in, among others, the electronics and high-tech industries. Given Beijing’s ambitious plans in strengthening its most innovation-pinned industries—which …

After one of the most prolonged booms in history, running for the best part of a quarter of a century, signs are emerging that Australia's great iron age is beginning to fade, writes business editor Ian Verrender.