Que Sera Sera Posted April 28, 2015 Share Posted April 28, 2015 http://www.miningaustralia.com.au/news/iron-ore-price-surge-continues Good news for the mining industry for a change. Link to comment Share on other sites More sharing options...
WeegieDave Posted April 28, 2015 Share Posted April 28, 2015 Good for the smaller miners. Will it stay up though? Who knows! Link to comment Share on other sites More sharing options...
Que Sera Sera Posted April 28, 2015 Author Share Posted April 28, 2015 Good for the smaller miners. Will it stay up though? Who knows! Keeping fingers crossed especially for those recently made redundant. Link to comment Share on other sites More sharing options...
WeegieDave Posted April 28, 2015 Share Posted April 28, 2015 Unfortunately those redundancies were likely only the beginning. Barrow Island finishes soon enough and Wheatstone will wind down in about a year or so. Link to comment Share on other sites More sharing options...
Parley Posted April 28, 2015 Share Posted April 28, 2015 Could be a dead cat bounce. Time will tell. Link to comment Share on other sites More sharing options...
Paul1Perth Posted April 28, 2015 Share Posted April 28, 2015 I'm wondering if some political pressure has been put on BHP. Heard on the news this morning that BHP is fighting a tax bill for $500 odd million on it's "Singapore marketing" arm where it pays 0.002% tax. Maybe they are trying to strike a deal where they don't pay so much and a lot of what they are up to is covered up. Bit more pressure on Rio to do the same and the Iron ore price should be even higher. Andrew Forest and Colin Barnett both said that they could put up the price of iron ore tomorrow if the big 2 decided to cut production. Barnett said they need to remember who owns the ore.:tongue: Wouldn't be surprised if some sort of deal is underway. Not that the miners will ever admit it. Link to comment Share on other sites More sharing options...
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