The global advisory firm predicts that iron ore prices will rise in 1Q19, before pulling back over the year.
In 2018, Australia’s resources exports – including minerals, metals and petroleum – generated AUS$248 billion in revenue.
Access to the Step 3 area provides greater operational flexibility and access to higher grade iron ore.
The agreement reinforces Rio Tinto’s partnership with Baowu, recognising the significant expertise and knowledge both parties bring to the joint venture.
Fortescue will produce 5 - 10 million t of West Pilbara fines in FY19, further enhancing the company’s range of ores available.
thyssenkrupp Industrial Solutions has been awarded a contract to design, supply, construct and commission large-scale stockyard machines for the BHP South Flank iron ore project in Western Australia.
The transaction comprises the sale of Metso Spain Holding, S.L.U, including operations in two locations with around 80 employees in Spain (Bilbao and Seville).
A large mining operator in the Middle East recently selected 27.00R49 Magna MA04+ Giants to serve their Rigid dump trucks.
The non-binding heads of agreement for Chinalco to acquire Rio Tinto's interest in the Simandou project has lapsed.