Thursday, 13 October 2011 10:55
Posted by Syed Murtaza Gheblehzadeh
SYDNEY: Global miner Rio Tinto on Thursday reported a 5 percent rise in third-quarter iron ore production from a year ago and said its Australian coal operations had recovered from flooding earlier in the year.
"We have set new quarterly records for iron ore sales and hard coking coal production as our operations recovered from the severe weather experienced earlier in the year," Rio Tinto Chief Executive Tom Albanese said in a statement accompanying ...
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SYDNEY/MILAN: Chicago soy futures rose to their highest in more than five months on Friday, on track for a fourth straight week of gains as the market was supported by strong US export sales led by demand from China.
Wheat rose 0.7 percent, recovering from the lowest level since Feb. 27 in the previous session, and corn was also higher ahead of the US Department of Agriculture's demand and supply report to be released at 1330 ...
SYDNEY: Iron ore shipments to China through Australia's Port Hedland rose modestly in February compared with January, according to data released by the port authority, suggesting steady demand from the world's largest steel industry after signs of a weak start to 2012.
A cloudy outlook for steel demand curbed China's appetite for iron ore recently as mills opted to run down inventories instead of booking new orders, according to commodities traders.
But in recent weeks signs have ...
SYDNEY: Global miner Rio Tinto on Thursday reported a 5 percent rise in third-quarter iron ore production from a year ago and said its Australian coal operations had recovered from flooding earlier in the year.
"We have set new quarterly records for iron ore sales and hard coking coal production as our operations recovered from the severe weather experienced earlier in the year," Rio Tinto Chief Executive Tom Albanese said in a statement accompanying ...
SYDNEY: Australia's Sundance Resources on Tuesday said China's Hanlong Mining had assured it there was "no reason" to doubt its Aus$1.65 billion (Aus$1.65 billion) takeover despite an insider trading probe linked to the deal.
Hanlong won Sundance over with a sweetened 57 cents-per-share offer last week but the takeover cannot proceed without regulatory approval which is said to be waiting on an anti-trust probe into the Chinese firm.
Australia's Securities and Investments Commission (ASIC) is investigating three ...
SYDNEY: Australian coal-to-retail conglomerate Wesfarmers has settled hard coking coal for the December quarter at around $280 per tonne, 9 percent less than in the previous quarter, with 90 percent of the shipment forecast under new prices.
The balance would be based on carry over prices from the previous quarter, Wesfarmers said, which kept its 2012 financial year coal output forecast unchanged at between 6.8 million to 7.2 million tonnes.
Copyright Reuters, 2011 ...
