faktenthread - eisen - hierro - peru ( Seite 3)

Spot option looms large on steel industry's radar
http://www.chinadaily.com.cn/bizchina/2009-06/18/content_829…


Iron ore price negotiations - Analysts forecasting rise now
http://www.steelprices-china.com/news/index/2009/06/17/ODk4O…



Weltbank sieht chinesische Wirtschaft auf gutem Weg

Die Weltbank hat die Wachstumsprognose 2009 für China von 6,5 auf 7,2 Prozent angehoben. Die milliardenschweren Konjunkturanreize der Regierung stützten das Wachstum, erklärte die Weltbank am Donnerstag in ihrem Quartalsbericht. Es sei aber noch zu früh um zu sagen, ob eine anhaltende Erholung zu erwarten sei.
http://de.biz.yahoo.com/18062009/12/weltbank-sieht-chinesisc…



Standard & Poor's: Investment in Peru to grow faster in second half 2009
http://www.andina.com.pe/Espanol/Noticia.aspx?id=XvIPF5ashl8…
http://www.andina.com.pe/ingles/Noticia.aspx?id=A4PZKtgnHn8=

http://www.lloydslist.com/ll/news/chinas-iron-ore-mines-face…

China's iron ore mines face massive shakeout

Michelle Wiese Bockmann - Freitag 19 Juni 2009
CHINA’s iron ore mines face a massive shakeout, with a “severe fall” in domestic production set to boost shipments from Brazil and Australia, according to the United Nations Conference on Trade and Development.

The agency’s annual report on the 2008 iron ore industry forecasts what it called a “great Chinese shakeout” resulting in widespread mine closures and even greater reliance on imported iron ore — a key driver of demand for the bulk carrier freight market.

“It is probable that between one third and one half of Chinese iron ore capacity will close over the next three years, with 40%, or 130-150m tonnes, being the most likely reduction figure,” the report said.

This would “catapult” the world’s top three iron ore miners to record levels of control of the global trade in seaborne iron ore.

Chinese substitution of imported iron ore over its own more expensive and poorer quality product, has emerged as the sole driver of rocketing freight rates in the last two months.

Capesize spot rates on the major trading route from Brazil to China have tripled since mid-April to exceed nearly $117,000 per day because of substitution.

Forecasts that this trend is set to accelerate is of major significance for the global capesize fleet, which now relies almost wholly on Chinese demand to set the market rate.

Brazil’s Vale and Australia’s BHP Billiton and Rio Tinto control 69% of iron ore shipments, which rose 7% to a record 845m tonnes in 2008.

The shakeout was forecast in “the next few years”, Unctad said.

China is currently the world’s largest iron ore producer, at 366m tonnes, or just over 20% of the world’s total production of 1.7bn tonnes.

But Unctad says that small and medium-sized Chinese producers will be “forced to substantially reduce their output, particularly since they are no longer protected by high freight costs for imported iron ore”.

Last month, Rio Tinto said half of domestic mines were already closed.

Unctad says lower freight rates and high costs have meant half of China’s 8,000 mines were operating at a loss, and reliant on government assistance.

Contract prices for iron ore were likely to remain at same level as spot prices of $70 per tonne for landed iron ore in China in the medium term.

“A consequence of this price shift is shakeout of Chinese iron ore mining,” the Unctad report said.

“The effect of the price fall will be reinforced, as far as Chinese mines are concerned by rising costs for health and safety measures, environmental management and rising energy prices.”

Chinese iron ore has average grade of about 27.5%, much lower than imported iron ore at about 60%.

The industry is highly fragmented, with only 49 mines classified as “major” and producing 188.3m tonnes, while “medium and small mines” produce 636m tonnes.



Lundin refreshes Cardero buy

Cardero Resource Corp (C:CDU)
Shares Issued 58,543,477
Last Close6/29/2009 $1.14
Monday June 29 2009 - In the News

Brien Lundin, in the June, 2009, edition of the GoldNewsletter, refreshes his buy of Cardero Resource Corp., recently $1.17. Mr.Lundin said buy Cardero four times between December, 2004, and March, 2009, atprices ranging from $1.15 to $4. Assuming a $1,000 investment for each of thefour buys, the $4,000 investment is now worth $2,368. The newsletter editor saysCardero shareholders have endured a roller coaster ride recently. First,Nanjinzhao delayed paying a $10-million instalment for the Pampa de Pongo ironore deposit so it could delve deeper into the economics of the project. Afterreviewing the economics of the project, Nanjinzhao said it required a "reductionin the overall purchase price of $200-million," which sent Cardero shares to 90cents from $1.50. Two days later, Cardero renegotiated a price of $100-millionand it received a $10-million deposit. This bit of news sent the share price to$1.20. According to Mr. Lundin, Rio Tinto PLC still has the right to match therevised terms of the agreement over the next 45 days. The cash infusion givesCardero plenty of money to put toward its suite of properties and the stockmarket guru says Cardero is a great deal

July 6 (Bloomberg)

China, the world’s biggest buyer of iron ore, faces the risk
of higher cash prices as annual contract talks stall with producers.

Ore for immediate delivery rose to a four-month high of $ 82.50
a metric ton in the week ended July 3, according to Metal Bulletin.

http://www.bloomberg.com/apps/news?pid=20601081&sid=ambiBnFp…

---

MOT ( Ministry of Transport ) figures show ports handled 55.5 million tons
of imported iron ore in May, a 24.6 percent increase year-on-year.

http://www.chinadaily.com.cn/bizchina/2009-07/06/content_838…

...was in diesem Artikel zudem nicht erwähnt wird.
Der Fund befindet sich im "Niemandsland" ohne jegliche Infrastruktur.


http://mobil.welt.de/article.do?id=finanzen%2Farticle3994777&cid=

ROHSTOFFE
China verkündet rekordverdächtigen Eisenerzfund
Foto: dpa
Erstaunliche Entdeckung: Die Chinesen haben die womöglich größte Eisenerzmine der Welt entdeckt. Die Rohstoffmärkte reagieren prompt: Die Papiere des am Fund beteiligten Unternehmens schießt in die Höhe. Auch Stahlaktien steigen kräftig. Kritiker vermuten dahinter jedoch den Versuch des Preisdumpings.

Ohnehin wurden in der Branche schnell Zweifel am Wahrheitsgehalt der Meldung laut. Denn die Ankündigung fällt zeitlich genau mit den entscheidenden Verhandlungen der chinesischen Stahlhersteller mit deren internationalen Eisenerzlieferanten zusammen. "Möglicherweise handelt es sich nur um eine Finte, damit niedrigere Erzpreise verlangt werden können", erklärt ein Kenner der Branche, der jedoch nicht namentlich zitiert werden möchte. Außerdem hätten in China noch einige Akteure Rechnungen mit den großen australischen Bergbaufirmen offen. China ist der größte Käufer von Eisenerz auf dem Weltmarkt und will die Abhängigkeit von Bergbaukonzernen wie Vale, Rio Tinto und BHP Billiton durch eine höhere Eigenproduktion schrittweise verringern.

Kein Land importiert derzeit mehr Eisenerz als China - das Riesenreich muss fast die Hälfte seines Verbrauchs im Ausland decken. Allein im vergangenen Jahr kaufte China in anderen Ländern 444 Mio. Tonnen. Branchenexperten zufolge dürfte es China jedoch kaum gelingen, mit der Bekanntgabe des Fundes schon in der jetzigen Runde die Preise zu drücken.

Zumal sich das Vorkommen in einer Tiefe zwischen 1,2 und zwei Kilometern befindet. Damit liegt das Erz tiefer als in allen anderen derzeit produzierenden chinesischen Eisenerz-Minen, sagte der Branchenexperte Zou Zian, Berater der Industrievereinigung China Metallurgical Mining Enterprise Association. Das erschwere die Ausbeutung des Vorkommens und verteuere den Prozess. Typischerweise komme Eisenerz in China in einer Tiefe zwischen 500 und 600 Metern vor. Durch die höheren Erschließungskosten könne das Erz aus der neu entdeckten Lagerstätte preislich nicht mit Importen aus Australien mithalten, sagte Analyst Hu Kai vom Umetal Research Institute.

Damit dürfte die Entdeckung kurzfristig wenig an Chinas Verhandlungsposition im Ringen um billigere Eisenerz-Importe ändern. Bis Dienstag kommender Woche will Rio Tinto einen Festpreis für ein Jahr vereinbaren. Während China angesichts des Abschwungs auf eine Senkung um 45 Prozent pocht, will der Konzern nur 33 Prozent zugestehen und damit genau so viel wie seinen europäischen oder japanischen Kunden. Die Alternative zum Festpreis ist ein Einkauf an den Rohstoffbörsen. Hier verteuert sich Eisenerz allerdings bereits wieder wegen der ersten Anzeichen für eine bessere Konjunktur und nähert sich den von Rio angebotenen Festpreisen an.

http://www.hallgartenco.com/file.php?path=Mining&filename=Ri…

Hallgarten & Company
Portfolio Strategy
Christopher Ecclestone
cecclestone@hallgartenco.com
Rio Tinto & Chinalco
Check …. and Checkmate

Iron ore: oops.. blocked on all fronts. Vedanta has El Mutun in Bolivia. As we noted it is unlikely that
anything in Brazil will be allowed to fall into Chinese hands and they have pretty much grabbed as much
of their quota of goodwill that Australia will allow them. Ironically the Chinese have gained a toehold in
Canadian iron ore production via the recent capital injection into Consolidated Thompson (CLM.to) which
gave them 19% of the capital and eventually 25% of the equity in CLM’s Bloom Lake project. The most
prospective place that we see for the Chinese in iron ore is Peru where Cardero Resources (CDY) has
massive magnetite dunes that have been the subject of on-again/off-again Chinese interest.

Antwort auf Beitrag Nr.: 37.521.573 von nugent am 06.07.09 06:56:00http://mineweb.net/mineweb/view/mineweb/en/page39?oid=85905&…

HIGHER COST THAN PROPOSED CONTRACT RATE
Record Rio Tinto iron ore sales to China at spot prices
Rio Tinto (RIO.L: Quote) (RIO.AX: Quote), the world's second largest iron ore miner, says Chinese buyers are choosing to pay spot market prices for iron ore and it is shipping material from its Western Australian mines at record rates.

Rio said demand for iron ore from Chinese buyers remained strong even though it had not yet struck a deal with the country's steel mills for shipments in the 2009-2010 contract year under the traditional benchmark pricing system.

"We're selling everything we make -- we've never been as busy," said Rio Tinto Iron Ore spokesman Gervase Greene.

Greene said Rio Tinto was selling iron ore to Chinese mills at spot prices after failing to agree annual contact prices.

"Instead of buying under contract, they just chose to buy at whatever the prevailing rate is on the day," he said. "At the moment that's about $82 so we're selling it at a higher price than if they had agreed (to the 33 percent cut) so that's where it's at."

"We believe in the benchmark system but if, at the end of the day, customers want to pay spot prices that's up to them," Greene said.

Ich würde mal sagen, seit Dezember hat der Wind schon ganz schön gedreht. Nicht zuletzt wegen dem halbierten Preis für PdP sollte RT nochmal genau nachrechnen...

Stefan

RT

Rio Tinto Set to Raise $1.2 Billion in Asset Sale
It will be financed with $1 billion in cash and $200 million in equity.

Rio Tinto acquired these packaging businesses as part of its 2007
purchase of Canadian aluminum giant Alcan for $38 billion in cash.

Rio Tinto, one of the world's largest producers of iron ore, copper, aluminum and other metals,
has sold several businesses in the last year in advance of several looming debt maturities,
including an $8.9 billion payment due next month.

It recently completed a $15.2 billion rights issue to raise money. It has nearly $39 billion in debt.

http://online.wsj.com/article/SB124684842229198797.html?mod=…

http://www.unctad.org/en/docs/IronOreMarket_2008-2010.pdf

TRUST FUND ON IRON ORE INFORMATION
IRON ORE MARKET 2008-2010
Geneva, June 2009

SUMMARY 4
I. THE IRON ORE MARKET IN 2008 7
II. STEEL IN 2008 21
III. COUNTRY INFORMATION 25
IV. COMPANIES IN THE GLOBAL IRON ORE INDUSTRY 49
V. PROJECT REVIEW 62
VI. THE OUTLOOK FOR 2009 AND 2010 86
VII. SOME COMMENTS ON THE STATISTICS 91

Table 12. Ongoing and announced iron ore projects

Pampa de Pongo Iron Ore Deposit Peru Conceptual Cardero 3280