But passing the half-way mark of this interim profit season, we now have proof that his real error was putting a super-profits tax on the wrong industry. While profits were sliding at Rio Tinto, OZ Minerals and Wesfarmers' coal division, ...
Tags: Stocks, investment, Australia
Cans Get You Cooking is a national, integrated multi-year campaign launching in February to drive center store sales by getting cans out of the pantry and onto the table. The integrated Campaign launch coincides with National Canned Food ...
Tags: National Canned Food Month, Cans Get You Cooking, February
Finland-based steelmaker Ruukki has issued its financial results for the fourth quarter and the full year 2012. In the fourth quarter, Ruukki posted an operating loss of €39 million, remaining almost unchanged compared to the ...
Tags: Ruukki, steelmaker, Mineral
UK-based mining giant Anglo American has issued its financial results for the full year 2012, reporting a net loss amounting to $1.5 billion, compared to a net profit of $6.17 billion in the previous year. Revenues for the period decreased ...
Tags: Anglo American, mining giant, Metallurgy
Cleveland, Ohio-based Cliffs Natural Resources Inc. reported Tuesday that for the full year 2012, Cliffs recorded a net loss attributable to Cliffs' common shareholders of $899 million, or $6.32 per diluted share, compared with net income ...
Tags: Mineral, Cliffs Natural Resources, Report
Australian iron ore giant Rio Tinto has announced its financial results for the full year of 2012, registering a net loss due to lower average prices for the year. Rio Tinto posted a net loss of US$3 billion in the given year, compared to ...
Indian state-owned miner National Mineral Development Corporation (NMDC) has announced its financial results for the third quarter ended on December 31 of the financial year 2012-13. In the third quarter, NMDC's net profit decreased by 30 ...
Tags: NMDC, Reduced Net Profit, Mineral
Brazil's iron ore export volume amounted to 24.6 million mt in January this year, decreasing 23.6 percent compared to December last year and up by 35.6 percent compared to the same month of 2012, according to the preliminary information ...
Tags: Flat Steel Exports, Mineral, Metallurgy
The government of Algeria has decided to increase its control of local steel producer ArcelorMittal Annaba which was purchased by ArcelorMittal in 2001, according to domestic media reports. The Algerian government will pay $200 million ...
Tags: Algeria, Arcelormittal Annaba, Mineral
Essar Steel Minnesota LLC (ESML) announced Monday that it has entered into a long term iron ore pellet off-take agreement with ArcelorMittal USA. The term of the agreement is 10 years and the supply of pellets is expected to commence during ...
Tags: Essar Steel, Iron Ore, Mineral
Luxembourg-based steelmaker ArcelorMittal has announced that it produced 14 million mt of iron ore, excluding strategic long-term contracts, in the fourth quarter of 2012, down 7.5 percent, while its annual output for the full year 2012 ...
Tags: Iron Ore, Arcelormittal, Mineral
Finland-based steelmaker Ruukki Metals has announced that it will develop new iron pellet grades in cooperation with Russian company Karelsky Okatysh, a wholly-owned subsidiary of Russian steel producer Severstal. Ruukki uses iron ore ...
Tags: Ruukki, Iron Pellet Grades, Severstal
Panamax coal freight rates on established routes from South Africa's Richards Bay and Indonesia to India remained stable Friday, with a downward bias, as support from the South American grain season began to weaken, sources said. "Vessels ...
Tags: Panamax, Coal, Freight Rates
Swiss-headquartered iron ore miner Ferrexpo, whose main interests are in Ukrainian iron ore assets, has announced its financial results for the first nine months ended September 30, 2012. In the given period, Ferrexpo's net profit ...
Tags: iron ore miner, iron ore, miner
China imported 65.54 million mt of iron ore in January this year, up by 11 percent year on year, but down by 5.4 million mt compared to December 2012, as announced by China’s General Administration of Customs on February 8. In ...