BHP vows to fight planned Aussie port strike
More than half country's iron ore shipped via export hub.
More than half country's iron ore shipped via export hub.
Says downward manipulation of gold and silver is real.
A leaked presentation suggests Glencore is very serious about developing one of mining's richest prizes – West Africa's vast Simandou iron ore deposit.
The ex-billionaire will remain the largest shareholder of the firm he founded in 2005.
800m tonnes going into Asian markets that the big four can't displace says 10m tonne per year Pilbara producer Atlas Iron.
China' wants astronauts on the moon early 2020s. Filling one shuttle's cargo bay with helium-3 could bring the equivalent energy of 1bn barrels of oil back to earth.
But prediction of a rise above $100 a tonne in the "near future" may not be enough for smaller producers as the big three flood markets.
The key is that Africa is still largely unexplored.
They would be going for the northern portion of the massive iron ore deposit, seized from Israeli billionaire Beny Steinmetz and mining giant Vale in April.
Half the firms surveyed by PwC reported an increase in their reserves compared to the previous financial year.