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August 25th, 2009
Category
Company, General News, Iron ore |
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Why BHP Billiton could stand between the world’s leading mining industry. The answer is because it can find a lower debt balance with surprise $ 5.6 billion despite a large universe of operating and capital recession and challenging exploration program of $ 10.7 billion proposed for the current year.
After getting the sector lower gearing of 12.1 percent, BHP, which also announced that the 2008-09 results of the other day, and a very proud boast a healthy EBIT margin of 40.1 percent and 24.6 percent return on investment.
Avoid the pain in the form of increased debt that Rio Tinto’s acquisition will lead to, BHP enjoy financial strength, unmatched in the industry, which it is to use for “mergers and acquisitions opportunistic” and targeted “tier-I assets” exceptional quality, low cost and given to long-term exploitation. No doubt, BHP has a balance sheet that provides distinct competitive advantage against its counterparts in the mining industry.
Unlike people like Rio and Anglo American, BHP draw much strength from the hydrocarbon asset ownership. When he discovered the benefits of expanding the capacity of iron ore in the existing mine site, also remained strong in the pursuit to expand oil and gas affected.
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August 20th, 2009
Category
General News, Mining Investment, Nickel |
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Mining Companies in Tokyo on Wednesday, Sumitomo Metal said that the company has purchased 16.5% stake in Nickel Asia Corp. of the Philippines with a price around $ 39 million, because the attempt to improve global competitiveness.
Tokyo-based company into the league formalization of existing relationships with Nickel Asia. This example is the provision of nickel ore by a subsidiary of Asia, Rio Tuba Nickel Miming Corp., to Sumitomo of the Philippines-based nickel refinery joint venture, Coral Bay Nickel Corp.
Earlier this year, Coral Bay Nickel build second factory in the country to double its output of nickel intermediate products to 22,000 tons per year.
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August 5th, 2009
Category
Exploration, General News, Nickel |
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A state-owned companies in Indonesia, PT Aneka Tambang Tbk said sales revenue down 44 percent in the second quarter from a year ago on lower volume and price of nickel is weak.
Antam sales revenue in 2009 was 1.76 trillion rupiah ($ 178.9 million) in the second quarter, from 3.13 trillion rupiah in the same period last year, the firm said in a statement to the ASX, Australian stock market.
Antam’s sales revenue in first six months of 2009 was 4.39 trillion rupiah, down 16 percent from the same period last year.
Price of nickel used in stainless steel industry has been getting about 60 percent during this year to $ 18,770 tons on Tuesday but that there is still about 64 percent below the record high of $ 51,800 a tonne hit in May 2007.
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May 25th, 2009
Category
General News, Mining Investment, Trade & Market |
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Vale do Rio Doce, the world’s biggest iron-ore producer, said global investment in the mining industry may fall by $60 billion this year after the company posted its third straight decline in quarterly profit.
Investment may drop 55 percent to $50 billion because of the global credit crisis, the Rio de Janeiro-based company reported late yesterday. Net income declined 33 percent to $1.36 billion in the first quarter as iron-ore output and sales slumped, Vale said in a Brazilian regulatory filing.
Steelmakers such as ArcelorMittal scaled back investment plans and cut production after the global economic slump curbed demand. Vale said its own 2009 investment budget of $14.2 billion will “probably be revised downwards” this year.
“They’ve talked about the ability to be opportunistic at the right point in the cycle for longer term growth,” said Ric Ronge, who helps manage the equivalent of $1 billion at Pengana Capital, including Vale stock, in Melbourne. Still, “they’ve been winding back their own production and they are not immune to the operating environment.”
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January 22nd, 2009
Category
Exploration, General News, Mining Company |
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POLITICAL and business, two things that can not be separated, like two sides of the same coin. Negate the one negate all means. Like it or not, it is business and politics. Thus the reality faced by Freeport Sulfur in 1959. When just the production of nickel seed company tambangnya ship, Fidel Castro successfully seize the city of Havana and merontokkan dictator Batista regime forever. On behalf of the revolution of the people, all foreign companies in Cuba dinasionalisasikan. Including mining nickel seed owned Freeport Sulfur.
In the midst of such storms, the negotiations with the Castro regime is impossible. Moreover, outstanding issues that the executive pay plan involved Freeport murder Castro. During his reign, Castro repeatedly escaped murder trial.
August is still in the same year, Forbes Wilson, director of mining and top experts in Freeport, met with Jan van Fruisen, Executive Director of the East Borneo Company, which is also engaged in the mining sector.
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January 20th, 2009
Category
Exploration, General News, Mining Finance, Mining Investment |
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Indonesian known as a country rich with natural resources. One of the potential natural wealth is owned by the metal and mineral reserves are promising enough. Currently, Indonesia is one of the producers as well as the main exporter of coal and tin in the world. Data from 2007 to the level of production at that time, lead is still estimated to have reserves to 8-10 years, nickel 150-200 years, 50-75 years old copper, gold, 150-250 years, 100 years of iron, bauxite and 20-30 years. Meanwhile, coal resources, with 90 billion tons of reserves and 18.7 billion tons, the coal is still a role for a period of at least 110-120 years.
With the potential of the abundant reserves, the entry in Indonesia in the world’s largest manufacturer of commodities to some of mine. Indonesian seventh in the order of the largest coal producer in the world and was ranked for two of the world production of tin. Mining sector in Indonesia at this time not only diramaikan by foreign mining companies, but also by a local mining company.
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December 5th, 2008
Category
Copper, Exploration, Gold, Mining Industry, Mining Investment, Nickel, Trade & Market |
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Cia. Vale do Rio Doce, the world’s second-biggest nickel miner, said it will cut output and suspend some operations in Canada because of falling metals demand.
Suspensions include deep-mining operations near Sudbury, Ontario, which Vale acquired through its $16.7 billion takeover of Inco Ltd. Curtailments also are planned at the Voisey’s Bay nickel and copper plant in Newfoundland and Labrador, Rio de Janeiro-based Vale said today in a statement.
Miners are cutting costs, paring output and closing plants because of an economic slump that has led prices for metals such as copper to fall by more than half since August. Freeport- McMoRan Copper & Gold Inc., the world’s largest publicly traded copper company, is firing 20 percent of its U.S. workforce. Vale in October announced nickel output cuts in Indonesia.
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November 26th, 2008
Category
Drilling, Gold, Mining Company, Mining Industry, Mining Investment, Mining Technology, Trade & Market |
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Greenlanders vote today on a proposal to wrest more autonomy from Denmark, an effort at increasing control over their natural resources that may founder in the face of the global economic slump.
The referendum, which polls show is likely to be approved, would give the 56,000 mainly native Inuit citizens of Greenland full control over deciding whether they want to secede from Denmark. Currently, the government in Copenhagen would have to approve such a move. It would also for the first time mandate a division of income from natural resources with Denmark, which has ruled the territory since the 18th century.
With commodity prices plunging from records, some Greenlanders are expressing doubts that the world’s biggest island can escape its dependence on Danish subsidies, which account for half of public spending.
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