Wednesday, October 1, 2014

Anglo gets ok to start mining iron ore in Brazil

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Iron Ore News Digest
Thursday 2 October 2014
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The company was granted final permits for its long-delayed and three times more expensive than originally expected Minas Rio iron ore project.

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It would also create a a 15-kilometre long ''super pit'' from the union of Rio's Mount Thorley Warkworth and Glencore's Bulga open-pit mines.

The iron ore producer warned it did not have sufficient cash to operate Marampa, its only mine.

The world's largest dry bulk cargo ships capable of carrying 400,000 tonnes, more than twice the size of competitors' fleets.

Brazilian giant's Valemax vessels capable of carrying double the ore of competitors' fleets changes the China export game.

Today's interim injunction prevents Mineralogy from stripping its Chinese business partner from its iron ore mining rights in the Pilbara.

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For thousands of years of development as a species, humans never really needed to understand the real meaning behind big, unreachable numbers such as billions or trillions.

CEO Andrew Mackenzie's pay package is already only half that of his predecessor.

Bubble chart shows heavy reliance on iron ore and oil for revenues and profits post demerger.

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