Jun 18, 2009· The China Iron and Steel Association (CISA), the country's lead iron ore negotiator, said on Thursday that it recently "exchanged opinions on iron ore cooperation" with Brazil's Vale and Australia ...
Australia's Fortescue iron ore shipments, price fall in Q3 ... one of four operations run by Australian iron ore producer Fortescue Metals Group ... Fortescue cut its iron ore price forecast for ...
Fortescue Metals has delivered a flat production performance but has managed to slash its costs in the face of tumbling iron ore prices. Fortescue shipped 42.1 million tonnes in the December ...
This year's iron ore price negotiations hit a deadlock in June after CISA insisted on a better discount on 2008-09 prices after a 33-percent cut in benchmark iron ore prices had been set with ...
Nov 06, 2013· Fortescue Metals Group Ltd. is racing both a forecast drop in iron ore prices and the tapering of U.S. stimulus as it seeks to reduce costs of the biggest debt load among junk-rated miners.
Fortescue Metals Group has cut jobs at its Cloudbreak mine in Western Australia's Pilbara region. (AAP) Jobs have been cut at Fortescue Metals Group as the miner struggles with low iron ore prices.
Aug 17, 2009· * CISA, Fortescue agree 35 pct price cut on H2 iron ore * Face-saver for China, up to $6 bln funding for Fortescue * Half-year deal shows further breakdown of benchmark system
The surge in iron ore prices has once again boosted the fortunes of Fortescue Metals (FMG) and its billionaire founder Andrew Forrest. The world's fourth biggest iron ore miner says half-year ...
China's Baosteel, China's largest steel maker negotiating on behalf of the country's steel makers, has struck a deal on iron ore import prices with Australia's third largest miner, FMG, the China Iron & Steel Association (CISA) announced Monday.
ANDREW FORREST'S Fortescue Metals has rocked the iron ore export industry by striking a sweetheart deal that links its supply of discounted iron ore to the Chinese ...
Tangshan's "smaller-than-expected" capacity cuts dampen prices. Nov 6, 2018 @ 04:10 CHINA HRC: Prices flat but upside expected for export market ... CISA IRON ORE CONF: Miners keep positive outlook on demand in China Global major iron ore miners, BHP Billiton, Rio Tinto, Vale and Fortescue Metals Group (FMG), are maintaining their positive ...
The deal sets Fortescue up to become the lead iron ore price negotiator in China next year a situation at odds with its modest production profile of 35 million tonnes of iron ore a year, compared with 200 million tonnes for Rio and 130 million tonnes for BHP Billiton.
The agreement will run from July 1 to December 31, 2009, CISA said in a statement published on its website. The agreement cuts fine iron ore prices by 35.02 percent and block ore prices by 50.42 ...
Fortescue Metals Group puts its expansion plans on hold amid slowing demand and falling iron ore prices. ... Fortescue cuts spending and jobs as iron ore prices dip. ... Australia's miners have ...
Baosteel, together with The China Iron and Steel Association (CISA) won a 35% reduction in iron ore prices. Supposedly however, the iron ore pricing is conditioned upon Fortescue getting an US$5-6 ...
Fortescue said it had agreed to sell 20 million tonnes of iron ore to Chinese customers at a 35 to 50 per cent discount to 2008/09 prices for the remainder of this calendar year.
A DEFIANT Fortescue Metals Group boss Nev Power has blamed financial speculators, BHP Billiton and Rio Tinto for the iron ore price falls he says are ripping the heart out of the industry.
The global financial crisis reached iron ore markets in September 2008. Prices of steel products and iron ore fell by up to 65% during the GFC. Thisprices in 2009 were led to long delays in resolving 2009/10 iron ore contract price negotiations. Prices were settled in July 2009 between the main iron ore
Overnight the spot iron ore price continued to slide lower and hit a two-week low. According to Metal Bulletin the spot price of the benchmark 62% fines tumbled 1% to US$76.36 a tonne. The 58% fines, which is what Fortescue produces, performed far worse than the benchmark grade.
Fortescue Metals Group has further discounted its high-grade iron ore in China for February despite expectations the worst of the price cuts had taken place in the December quarter.
Despite unveiling a face-saving iron ore deal with Australia's Fortescue Metals Group on Monday, China's embattled steel industry body CISA seems to be ceding its grip on the levers of China's ...
conjunction with Fortescue's Ore Reserves and Mineral Resources statement for its Hematite and Magnetite projects at 30 June 2017 as released to the Australian Securities Exchange on 18 August 2017. Fortescue confirms in the ... Iron ore prices 14 …
Jun 18, 2009· The iron ore pricing system has traditionally seen Vale, Rio and BHP, which between them control about 70 percent of the global seaborne iron ore market, agree prices in …
Yesterday, CISA said it would use the Fortescue price in talks with the world's big three iron ore miners, Vale, Rio and BHP Billiton, in an attempt to get one price for all the iron ore it buys.
THE fraught iron ore negotiations between Australian iron ore miners and Chinese steel mills, which have created a deepening diplomatic row between the countries, could be finalised within 10 days.
BEIJING, Aug. 17 (Xinhua) -- The China Iron and Steel Association (CISA) has reached an agreement with Anglo-Australian Fortescue Metals Group Ltd. (FMG) on a 35.02-percent price cut for iron ore fines, said an association official Monday.
Australia's Fortescue Metals Group cut its price guidance for iron ore sales for the year to end-June 2018, citing subdued construction activity in China, some ongoing steel production ...
Oct 30, 2018· rising iron ore prices defy reports of a slowing Chinese economy. ... which cuts emissions. ... such as those operated by Australia's third-ranking iron ore miner, Fortescue Metals Group, get paid ...
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