Wednesday, October 8, 2014

BHP, Glencore in war over iron ore supply

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Iron Ore News Digest
Thursday 9 October 2014
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While BHP gets ready to further expand iron ore output, Glencore's Glasenberg warns the move will make investing in African iron ore a less appealing prospect.

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The iron ore miner warned Wednesday that its shares now had "little or no value."

The state government submitted an application to the federal government for 3mn m³ of dredging material to be disposed on land.

But with BHP Billiton's announced production boost the port is likely to recover quickly.

Preferring to "successfully execute" alone.

Deutsche Bank warned Friday that gold producers are the most vulnerable to a further spread of the deadly disease.

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New dimensions are being created within the industry, which help optimize production.

It's good to be Ivan Glasenberg's neighbour.

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