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Australian Iron Ore Sales Expected to Increase 21 Percent
Australia, the world’s largest iron ore exporter, is forecast to boost sales 21 percent next fiscal year as prices gain.
Exports may be A$35 billion ($31 billion) in the 12 months ending June 30, 2011, from A$29 billion this year, the Canberra- based Australian Bureau of Agricultural and Resource Economics said today in a report. Total [...]
China Overseas Iron May Meet 20% of Needs by 2015
China may double the proportion of domestic iron-ore demand supplied by Chinese-owned mining assets abroad to about 20 percent in five years as the country’s steelmakers step up acquisitions, Goldman Sachs JBWere Pty’s Paul Gray said.
Rio Tinto Ambitions to Triple Iron Ore-Mine Production
RIO Tinto expects little fall in demand for Australia’s iron ore and has been approached by Indian steel mills, eager to secure alternative supplies to meet the needs of the nation’s booming economy.
The mining giant, which has long-term ambitions to triple iron ore production, also plans to make the way it sells its iron ore [...]
China’s appetite fort metals remains unsated
Rio Tinto Group, the world’s third-largest mining company, said China’s demand for metals will likely rise, underpinning high prices for commodities this year.
Mining companies globally have been hampered from expanding capacity to meet Chinese demand by shortages of labor and equipment, Paul Skinner, chairman of the London-based Rio Tinto, said in its annual report filed [...]
EU Commission to Present Energy Plan
An energy crunch that chokes fuel supplies, dims the lights at homes and workplaces, and ravages Western economies may no longer be the stuff of 1970s history books. It could be a vision of the near future.
The 1970s oil crisis gave Western countries a glimpse of what life is like when the energy supply isn’t [...]
