It's "Attack of the Robot Trucks" at BHP Billiton Ltd and Rio Tinto plc
Reuben Brewer, The Motley Fool - Motley Fool - Sun May 04, 2:46PM CDT
BHP Billiton recently celebrated the opening of a new iron ore mine in the Pilbara region of Australia. But that's not the exciting news. What's really interesting is that it used that announcement to inform the world that it's expanding its use of...
Vale SA’s First Quarter Results Reflect Weak Iron Ore Prices
Varun Chandan, Arora, The Motley Fool - Motley Fool - Sat May 03, 2:00PM CDT
The world's largest iron ore producer, Vale SA has released its first quarter financial results. The first quarter of 2014 saw a sharp decline in iron ore prices amid a slowdown in China, which consumes around two-thirds of global seaborne iron...
China’s Iron Ore Financing Deals Under Scrutiny
Varun Chandan, Arora, The Motley Fool - Motley Fool - Fri May 02, 9:20AM CDT
Despite the slowdown in the Chinese economy, iron ore imports to the country have been rising since the start of this year. The increase in imports was partly due to the fact that steel mills were using iron ore as collateral to obtain financing as...
BHP Billiton Falls 1.60% on Heavy Volume: Watch For Potential Rebound
Comtex SmarTrend(R) - Thu May 01, 4:35PM CDT
BHP Billiton (NYSE:BHP) traded in a range yesterday that spanned from a low of $69.08 to a high of $69.81. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $69.31 on volume of 1.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
SmarTrend Watching for Potential Rebound in Shares of BHP Billiton After 1.60% Loss
Comtex SmarTrend(R) - Thu May 01, 4:34PM CDT
BHP Billiton (NYSE:BHP) traded in a range yesterday that spanned from a low of $69.08 to a high of $69.81. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $69.31 on volume of 1.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Iron Ore Mining in Australia to 2020
M2 - Wed Apr 30, 10:07AM CDT
Research and Markets (http://www.researchandmarkets.com/research/n9tqfs/iron_ore_mining) has announced the addition of the "Iron Ore Mining in Australia to 2020" report to their offering. The report contains an overview of the Australian iron ore mining industry together with the key growth factors and restraints affecting the country's iron ore mining industry. Further, it provides detailed information about production, prices, production by form and mining methods, reserves, reserves by grade and regions, major producing mines, competitive landscape, major active, exploration and development projects, consumption, consumption by end-use and trade. Also included is the country's fiscal regime, which includes governing bodies and relevant laws, rights and obligations of the mining companies, as well as key fiscal terms. The iron ore production in 2013 was 609.2 million tons (Mt), a figure that is projected to reach 692.8Mt by 2015 and 812.4Mt by 2020. Iron ore in the country is abundantly found in Western Australia, which accounted for 97% of country's total iron ore production in 2013. Its main deposits are situated in Hamersley province, in the state's Pilbara region. The economically viable resources are limited to regions in Western Australia with economic demonstrated resource (EDR) of 91%, and total iron ore resources of 86%, followed by South Australia with EDR of 8% and total iron ore resources of 10%. Other deposits are found in Tasmania, Northern Territory and New South Wales. Key Highlights - The iron ore production in 2013 was 609.2 million tons (Mt), a figure that is projected to reach 692.8Mt by 2015 and 812.4Mt by 2020. Iron ore in the country is abundantly found in Western Australia, which accounted for 97% of country's total iron ore production in 2013. - In the short term 2014-2016, with rise in demand and projected growth in infrastructure, a number of iron ore projects are expected to commence. These include the Roy Hill project owned by Hancock Prospecting Pty Ltd and POSCO; Southdown Project owned by Grange Resources Limited, Sojitz Corporation and Kobe Steel Ltd. - The Australian government's draft legislation to repel the controversial mineral resource rent tax (MRRT) tax by July 2014 is expected to encourage mining companies. The previous government introduced the MRRT, essentially an additional tax on the profits from mining projects, but, it was estimated that the tax would generate revenues of just AUD7.2 billion (US$7.3 billion) by 2017. Key Topics Covered: 1 Executive Summary 2 Iron Ore Mining in Australia - Abolishing MRRT tax - Significant Iron Ore Investments in Western Australia - Extensive Iron Ore Reserves - Proximity to Key Markets with Development of Rail Tracks and Ports 2.4 Iron Ore Mining in Australia - Restraints - Infrastructure Constraints - Delay in Operations of Major Iron Ore Projects - Declining Iron Ore Prices 3 Iron Ore Mining in Australia - Production, Consumption, Reserves and Trade 3.1 Reserves by Grade and Geographic Region 3.2 Historical and Forecast Production 3.3 Total Production, by Form 3.4 Iron Ore Prices 3.5 Competitive Landscape - Rio Tinto Iron Ore, Business Description - BHP Billiton Ltd, Business Description - Fortescue Metals Group Ltd, Business Description - Hancock Prospecting Pty Limited, Business Description - Brockman Mining Australia Pty Ltd, Business Description - Atlas Iron Ltd, Business Description - CITIC Pacific Limited, Business Description 3.6 Total Production by Major Mines 3.7 Total Production by Mining Method 3.8 Major Exploration and Development Projects 3.9 Iron Ore Consumption and Trade - 3.9.1 Total Consumption by End Use, Steel 3.10 Domestic Consumption vs. Exports - Export to Destination Countries - Imports by source - Iron Ore Quality Analysis 3.11 Demand Drivers - 3.11.1 Demand vs. Final Uses 4 Fiscal Regime 4.1 Australia, Governing bodies - National Level - State/Territory Involvement 4.2 Australia, Governing laws - Offshore Legislation - Onshore legislation 4.3 Australia, Mining rights and obligations 4.4 Australia, Key Fiscal Terms - 4.4.1 Royalty 4.5 Australia, Tax Structure - Minerals Resource Rent Tax (MRRT) - Corporate Income Tax - Capital Gain - Deduction - Depreciation - Withholding Tax - Loss Carry Forward - Goods and Services Tax (GST) 5 Appendix For more information visit http://www.researchandmarkets.com/research/n9...ore_mining
Teck Resources' Falling Earnings Are Here to Stay
Joshua Bondy, The Motley Fool - Motley Fool - Tue Apr 29, 7:47AM CDT
Teck Resources ' results are in, and the numbers are not pretty. Falling prices have taken a big hit on the company's bottom line. Teck is a mid-tier player with some quality mines, but its cost structure is causing headaches. The damage ...
Freeport-McMoRan Is Resilient Despite Indonesian Challenges
Jan-e- Alam, The Motley Fool - Motley Fool - Mon Apr 28, 9:15AM CDT
Despite the unresolved Indonesian issue, Freeport-McMoRan Copper & Gold posted strong quarterly results, driven by solid energy results and lower copper costs. The largest publicly traded copper miner reported first-quarter 2014 operating...
Critical Alerts For Home Depot, BHP Billiton, Dollar General, BroadSoft, and AmerisourceBergen By InvestorsObserver
PR Newswire - Mon Apr 28, 8:31AM CDT
InvestorsObserver issues critical PriceWatch Alerts for HD, BHP, DG, BSFT, and ABC.
A Great Time to Take Over as CEO of a Miner
Reuben Brewer, The Motley Fool - Motley Fool - Sun Apr 27, 4:45PM CDT
Potash Corp. had been run by Bill Doyle for about 15 years. Now, when the industry is facing an almost existential crisis, a new leader is coming in. Believe it or not, it's a great time for Jochen Tilk to be taking over. A broken market The...
PotashCorp Earnings Decline But Future Remains Bright
Jay Yao, The Motley Fool - Motley Fool - Sun Apr 27, 9:52AM CDT
Potash producers have been through some challenging times. In the midst of a potash bear market, formerly can't-miss potash producers have seen their revenues fall and profits shrink. They have seen Belarusian Potash Company, which propped up...
Teck Resources Ltd Looks Strong on the Met Coal Side
Vladimir Zernov, The Motley Fool - Motley Fool - Sat Apr 26, 11:15AM CDT
As Teck Resources produces both met coal and copper, its earnings took a hit in the first quarter. Copper prices took a dive in March, while met coal prices continued their long-term downtrend. As a result, the company missed earnings estimates by...
Wider-than-Expected Loss at Cliffs Natural - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Apr 25, 11:10AM CDT
Cliffs Natural Resources Inc. (CLF) reported first-quarter 2014 net loss of $83 million, or 54 cents per share compared with a net income of $97 million or 66 cents per share in the year-ago quarter.
Location Matters, Just Ask Walter Industries and BHP Billiton
Joshua Bondy, The Motley Fool - Motley Fool - Fri Apr 25, 7:21AM CDT
The upheaval in the metallurgical coal market shows no signs of abetting. The big Australian producer, BHP Billiton , is growing production and investing in new infrastructure to compensate for lower prices. It is flooding the market, pushing...
Is There Any Reason to Sell PotashCorp?
Jay Yao, The Motley Fool - Motley Fool - Thu Apr 24, 1:04PM CDT
Bloomberg news recently reported that BHP Billiton may bid for PotashCorp again. BHP Billiton famously bid for PotashCorp in 2010, offering a split-adjusted $43.33/share. At that time, the Canadian government rejected the Anglo-Australian...
More Bad News for Oversupplied Iron Ore Market
Varun Chandan, Arora, The Motley Fool - Motley Fool - Thu Apr 24, 7:07AM CDT
Last week, mining giant BHP Billiton lifted its iron ore production outlook for the fiscal year ending on June 30, 2014. Rival Rio Tinto , meanwhile, reported record iron ore production for the first quarter. Brazilian miner Vale is also...
5 Things to Watch in PotashCorp’s Earnings Report Tomorrow
Neha Chamaria, The Motley Fool - Motley Fool - Wed Apr 23, 11:15AM CDT
All eyes will be on PotashCorp tomorrow when the fertilizer giant reports its first-quarter numbers and likely faces some tough questions from analysts. After all, the potash industry is still under a shroud of uncertainty, and rumors are swirling...
BHP Billiton Ltd Is an Efficiency Machine
Casey Hoerth, The Motley Fool - Motley Fool - Wed Apr 23, 8:24AM CDT
Since 2012, most investors should have known there was "trouble in the mines." Global growth was slowing, and was doing so on a secular scale. Leading the way was a marked deceleration of growth in China. The result was declining prices in all sorts...
Vale SA Likely to Lose Its Guinea Investment
Varun Chandan, Arora, The Motley Fool - Motley Fool - Wed Apr 23, 7:25AM CDT
It has been a tough year for miners so far as iron ore prices have slumped amid a slowdown in China. For Vale , one of the top iron ore miners in the world, there is more bad news: The company appears likely to lose its entire investment in a...
An Investor's Guide to the Eagle Ford Shale
James Catlin, The Motley Fool - Motley Fool - Tue Apr 22, 7:24AM CDT
The Eagle Ford shale has been an important contributor to U.S. energy production, job creation, and increasing profits for producers in that region. That profit potential hasn't gone unnoticed, with 267 of 1,831 total rigs in the United States now...