October 11, 2012 Fortescue’s best paid exec suffers $35 million loss on slide in shares A recent plunge in Fortescue Metals' (ASE:FMG) shares has left the pockets of its best paid executive AUD$35 million lighter.
October 10, 2012 Stronger yuan will cheapen commodities for China: Leeb Renowned investment guru Stephen Leeb says China is pushing for a stronger yuan in order to cut the cost of its commodities purchases.
October 10, 2012 Ferrum Americas Mining intersects 88.5 m grading 49.4% Fe at Cerro Rojo iron ore project in Bolivia Ferrum Americas Mining intersects 88.5 m grading 49.4% Fe at Cerro Rojo iron ore project in Bolivia
October 9, 2012 Rio to cut jobs on concerns over China slowdown Rio Tinto (ASX:RIO) has announced further retrenchments and cost cutting measures due to concerns that the slowdown in China's economic growth will be more pronounced than expected.
October 9, 2012 BHP sells first bond offering in Australia in over a decade BHP Billiton sold Tuesday A$1 billion ($1.02 billion) of bonds in its first offering of debt in the Aussie market in more than a decade, as the company announces cutbacks…
October 9, 2012 BHP announces iron ore retrenchments on resource sector slowdown BHP Billiton (ASX:BHP) has announced retrenchments for its iron ore operations due to tepid prices and rising costs.
October 8, 2012 Making up for lost time, Chinese traders send iron ore soaring 6% On Monday upbeat Chinese traders came back from a week-long break and chased the price of the commodity to $110.40.
October 8, 2012 Australia’s growth prospects downgraded by IMF on commodities dependence The International Monetary Fund's 2013 growth forecast for Australia has been moderately reduced due to the country's significant exposure to international commodities markets.
October 8, 2012 Kumba Iron declares force majeure in South Africa The 40 million tonnes a year Sishen mine only has enough stockpiles for a week.
October 8, 2012 BHP cuts iron ore jobs BHP Billiton's efforts to control costs in the face of weaker demand for key industrial commodities has shifted to cutting jobs at its Australian iron ore operations, the biggest driver…
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