Sentence examples for ore sector from inspiring English sources
The hedge fund manager announced a new bearish stance on the iron ore sector, saying Greenlight was betting against a number of stocks.
Tony Abbott has sought to reassure wary colleagues and big mining companies that any government-backed inquiry into Australia's iron ore sector would be a fact-finding mission rather than an attempt to regulate the market.
While mining investment has fallen 62% since September 2012, output by the industry has grown 32% in the same time (and output by the iron ore sector is up 70%) – well beyond the 10% increase in Australia's GDP.
While the iron ore sector went from representing 1.1% of GDP to its current share of 3.9%, the coal industry went from 1.1% of GDP to now representing about 1.4%.
Gordon Moffat, director of the Eurofer steel makers' association, said Monday that the joint venture would create "an unacceptable concentration" of power in the iron ore sector, effectively creating "a duopoly with the iron ore market for the entire world in the hands of just two companies".
TOKYO — Marubeni Corp. of Japan, the Korean steel maker Posco and the Korean shipbuilder STX will buy 30 percent of an Australian iron ore project for 3.5 billion Australian dollars, the latest in a series of investments by Asian companies in the country's iron ore sector.
Thanks to its size and unusually high quality, some experts say that whoever controls Simandou may dominate the world's iron-ore sector for a generation.After a decade of wrangling, Guinea has now struck a deal worth $20 billion with Rio Tinto, a British-Australian metals and mining giant, to exploit the southern half of the deposit.
Tony Cross, market analyst at Trustnet Direct, said: The big losers are focused on the mining sector – iron ore prices are slipping back and this is calling into question the idea that the recent rally was anything more than a short term correction – as we've said before, nothing is changing in terns of the underlying market, production remains intense and demand is lacklustre.
Shares in mining companies have been battered as the markets have reacted to falling prices of commodities such as platinum or iron ore, so this could be a good time for black investors to acquire stakes in the sector.
Overcapacity, particularly in the dry-bulk sector that carries iron ore, coal and grain, is likely to worsen in 2011 as new ships are launched.
