Gift 5 articles to anyone you choose each month when you subscribe. Investors are preparing for a new era of slumping profits and hefty dividend cuts by the world’s largest miners as iron ore ...
Japanese trading house Mitsui & Co. will buy a stake in an Australian iron ore project for $5.3 billion, in a bet that the global steel industry will need high-quality raw materials to support its ...
Mining billionaire Robert Friedland’s latest venture, iron ore producer Ivanhoe Atlantic Inc., is seeking to raise as much as A$300 million ($190 million) from an initial public offering in ...
The deal, marking Mitsui's largest investment ever is a result of long-term efforts to expand its production volume of iron ore, a key growth driver, CEO Kenichi Hori said. Rhodes Ridge is one of ...
This was despite an 11% drop in iron ore prices, mainly because of weaker demand from China, as its domestic property sector still faces major issues. Rio Tinto's share price dropped 1.5% on ...
Japanese trading house Mitsui & Co said on Wednesday it would acquire a 40% stake in the Rio Tinto-operated Rhodes Ridge iron ore project in Western Australia for $5.34 billion, to strengthen its ...
But it won’t occur seamlessly, as the miner’s historical main profit-driver, its West Australian iron ore business, wanes even as it ramps up copper and potash as its future earnings and ...
The state is then expected to try and recoup losses by suing Fortescue, the world's fourth biggest miner of iron ore. "Fortescue accepts that the Yindjibarndi People are entitled to compensation ...
[Domestic Iron Ore Brief Review] West Liaoning Prices May Have Room for an Upward Trend Stainless Steel Market Futures-Spot Linkage: Price Fluctuations Amid the Tug-of-War Between Supply and Demand ...
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