Monthly Archives: June 2015

17 Jun

Is iron ore’s price upturn reversing?

[ad_1] It was a disappointing offshore session for iron ore with the commodity falling for the third straight session, down 3.7% to US$62.10. According to Business Spectator, iron ore for immediate delivery to the port of Tianjin in China had fallen from its previous close of US$64.50. At issue were “ongoing concerns about the strength

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17 Jun

Not much appetite for Bis Industries’ debt

[ad_1] Banks and investors holding debt in off-road load and haul specialist Bis Industries are reported to be seeking to offload their debt at 85c in the dollar. According to The Australian’s DataRoom column, giant Japanese lender Mizuho called for bids for its debts at 85c in the dollar but was “met with an anaemic

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10 Jun

Port of Darwin bidders mull bid documents

[ad_1] According to the AFR’s StreetTalk column, potential bidders for the Port of Darwin have been absorbing the contents of a 220-page information memorandum and have until June 29 to submit first round bids. Sale documents indicate that the NT Government is not running a traditional auction where the best heeled bidder with the cheapest

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10 Jun

Iron ore up but views diverge on way ahead

[ad_1] Iron ore is up for six straight days to US$64/t. However, one financial firm sees longer term gloom and more mine closures, while another sees a rally to US$80 by year’s end. In a report this week, Goldman Sachs says that it expects the iron ore price rally, which has seen prices lift around

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10 Jun

Tough conditions for Qube’s ports and bulk division

[ad_1] A little of the gloss came off market darling Qube last week when the logistics business announced tough trading conditions for one of its key divisions. After trading at up to $2.76 per share last week, Qube shares sank under $2.50 after investors absorbed the gloomy contents of the trading update. The latter was

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