Australia is firmly established as a major player in the seaborne iron ore market and iron ore plays a vital role in the Australian economy. Global iron ore production has remained dominated by the Big Three who have led the rapid capacity expansions from new and existing mines. Despite this additional supply the market has stayed tight because of China’s incredible hunger for high quality ore.
What is the outlook for iron ore prices? Will other global iron ore entrants soften the demand for Australian exports?
The annual iron ore negotiations were completed quickly in 2007 and were settled on a 9.5% price increase. The impact of China’s new buying power was demonstrated as this benchmark was set, for the first time, by a Chinese producer. With this, the world’s third largest iron ore resource base - Australia - has been well positioned to supply the world’s new demand base.
Is Australia totally dependant on China? What is the outlook for iron ore consumption across the rest of Asia?
Australia has welcomed overseas participation and investment in its resource development for a long time. The tight market has caused Asian consumers and trading partners to become increasingly interested in securing their Australian raw material supply. Currently over A$5 billion is invested in mine expansions and new projects to develop Australian iron ore. In negotiating these agreements a range of practical, legal and cultural consideration need to be made to protect the interested parties.
Are Australian iron ore development projects still an attractive investment opportunity? How can miners and their investors each secure maximum benefit?
Of paramount importance to iron ore miners is the ability to bring their product to the market through efficient and cost effective infrastructure networks. Port and rail facilities are undergoing rapid expansions to match the miners’ capacity. New projects aim to increase flow from the established iron ore hubs and allow stranded deposits to be realised.
Can infrastructure keep pace with iron ore mining capacity expansions? Is the multi-user open-access model best for the Australian iron ore industry?
Metal Bulletin is proud to announce that we will be exploring all of these themes and more at our Australian Iron Ore conference at the Sheraton Perth Hotel from the 26-28 November. This conference will take an in depth look at how the Australian iron ore industry is developing and how it plans to meet international demand. It will be a comprehensive examination of all the factors that might impact the profitability of iron ore mining projects in Australia. A large delegation will be gathered from our international readership of steelmakers, traders and investors keen to hear the outlook for iron ore price and discover new investment opportunities.
Australian Iron Ore Conf.
Australian Iron Ore Conference
26-28 November, 2007
Sheraton Perth Hotel, Australia
http://www.metalbulletin.com/events/aio
Development, Infrastructure and Finance
Australia is firmly established as a major player in the seaborne iron ore market and iron ore plays a vital role in the Australian economy. Global iron ore production has remained dominated by the Big Three who have led the rapid capacity expansions from new and existing mines. Despite this additional supply the market has stayed tight because of China’s incredible hunger for high quality ore.
What is the outlook for iron ore prices? Will other global iron ore entrants soften the demand for Australian exports?
The annual iron ore negotiations were completed quickly in 2007 and were settled on a 9.5% price increase. The impact of China’s new buying power was demonstrated as this benchmark was set, for the first time, by a Chinese producer. With this, the world’s third largest iron ore resource base - Australia - has been well positioned to supply the world’s new demand base.
Is Australia totally dependant on China? What is the outlook for iron ore consumption across the rest of Asia?
Australia has welcomed overseas participation and investment in its resource development for a long time. The tight market has caused Asian consumers and trading partners to become increasingly interested in securing their Australian raw material supply. Currently over A$5 billion is invested in mine expansions and new projects to develop Australian iron ore. In negotiating these agreements a range of practical, legal and cultural consideration need to be made to protect the interested parties.
Are Australian iron ore development projects still an attractive investment opportunity? How can miners and their investors each secure maximum benefit?
Of paramount importance to iron ore miners is the ability to bring their product to the market through efficient and cost effective infrastructure networks. Port and rail facilities are undergoing rapid expansions to match the miners’ capacity. New projects aim to increase flow from the established iron ore hubs and allow stranded deposits to be realised.
Can infrastructure keep pace with iron ore mining capacity expansions? Is the multi-user open-access model best for the Australian iron ore industry?
Metal Bulletin is proud to announce that we will be exploring all of these themes and more at our Australian Iron Ore conference at the Sheraton Perth Hotel from the 26-28 November. This conference will take an in depth look at how the Australian iron ore industry is developing and how it plans to meet international demand. It will be a comprehensive examination of all the factors that might impact the profitability of iron ore mining projects in Australia. A large delegation will be gathered from our international readership of steelmakers, traders and investors keen to hear the outlook for iron ore price and discover new investment opportunities.
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