The Australian sharemarket rose to a 20-month high today as investors continued to buy banks, consumer staples, property trusts, healthcare and energy companies, while remaining hesitant on iron ore producers after spot iron ore prices ...
Tags: Stocks, Australian sharemarket, sharemarket
The Australian sharemarket limped to a flat close after a dovish speech from Federal Reserve chairman Ben Bernanke and a strong production report from Rio Tinto failed to dissuade investors from taking profits following strong gains in ...
Tags: Australian sharemarket, Rio Tinto, economy
Tropical cyclone Narelle which is forecast to strike Western Australia's Pilbara region,an area rich in mineral and energy sources,has caused the closing of ports and evacuation of workers at mining sites and drilling platforms,according to ...
Tags: tropical cyclone, iron ore, mining, trade
The sharemarket struggled to gain traction yesterday as investors traded cautiously after seven straight weeks of gains. The benchmark S&P/ASX 200 closed down 6.5 points,or 0.1 per cent,at 4717.3.It hit a 19-month high of 4750.7 in early ...
Tags: sharemarket, stocks, heavyweight stocks, fiscal
AAP reported that Atlas Iron is on track to produce up to 7.7 million tonnes of iron ore in 2012-13. It is on track to produce up to 7.7 million tonnes of iron ore in 2012 -13 after bringing its third Pilbara iron ore mine into production. ...
Tags: iron ore, iron ore mine, iron ore miner, mines
Australian miner Atlas Iron Limited has announced that production has commenced at its third Pilbara iron ore mine, Mt Dove, representing a key stepping stone towards achieving its near-term production target of 12 million mt per year. ...
Tags: Atlas Iron, production, Pilbara iron ore mine, Mt Dove
In December last year, iron ore shipments from Australia's Port Hedland increased by 19.9 percent compared to November and were up 21.7 percent year on year, reaching 26 million metric tons, beating the previous monthly export record of ...
Tags: iron ore, Australia, Port Hedland, 2012
While stock and bond traders fretted over the US fiscal cliff and its potential impact on broader markets earlier this week, Chinese iron ore buyers were unconcerned, continuing to push the price of Australia's biggest export higher on the ...
Dragon Energy has sealed a deal with Golden West Resources to farm out up to 55% of its interest in the Lee Steere iron ore project in the Earaheedy Basin in Western Australia. Dragon's 155 square kilometer Lee Steere Project, which ...
Tags: Dragon Energy, Golden West Resources, energy, company news
Reuters reported that a new deepwater port on Australia's Indian Ocean Coast was supposed to be the showpiece of the country's decade long mining boom and open up a huge new iron ore belt to export to Asian markets. But twice in the past ...
Tags: Iron Ore Mining, Mining Jobs, Coal Mining News, Mining
The West Australian reported that Atlas Iron has signed 3 new offtake contracts covering about 2.2 million tonnes of iron ore a year. The 3 contracts, which have durations of one to 3 years, were signed with 2 unnamed Chinese steel mills ...
Tags: Atlas Iron, offtake agreements, steel mills, steel
Iron ore stocks on the ASX have been buoyed by the recent increase in the price of the commodity,which reached its highest level since July.The broader Australian market made small gains across the day as investor sentiment rose on ongoing ...
Atlas Iron Limited announced that it has completed the Company's previously foreshadowed USD 325 million financing package,ensuring Atlas remains firmly on track to meet its Pilbara iron ore production target of 12 million tonnes per annum ...
Tags: Atlas Iron, financing package, Pilbara iron ore, capital management
The Australian reported that construction of a new rail line through Western Australia's resource rich Pilbara region could drive down iron ore prices and force out of business the very mines the network would unlock, an exhaustive analysis ...
Tags: Pilbara, iron ore, BHP Billiton