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Re: AGO-
this would be it here prawn...tb
All eyes on BHP iron call
http://www.thewest.com.au/default.aspx?MenuID=3&ContentID=122389
the rest of the story:
This year’s benchmark price is set to fall sharply, with analysts tipping a drop of between 20 per cent and 40 per cent, or down to about $US87/t. The relatively weak Australian dollar should offset some of the fall.
Fortescue said more price adjustment was likely in anticipation of a lower 2009 Pilbara benchmark, and pointed to spot prices 20 per cent to 25 per cent below the benchmark.
But Fortescue also flagged that spot prices were on the rise, a welcome sign for an embattled industry hoping that BHP reports the same trend.
BHP chief executive Marius Kloppers is also expected to be quizzed again about the miner’s sudden decision last month to axe the loss-making $2.2 billion Ravensthorpe nickel mine.
BHP has said it does not expect to reopen Ravensthorpe. Mr Kloppers is likely to be asked about future plans for the site, and whether it will be sold for scrap metal like the failed Boodarie HBI plant at Port Hedland.
this would be it here prawn...tb
All eyes on BHP iron call
http://www.thewest.com.au/default.aspx?MenuID=3&ContentID=122389
the rest of the story:
This year’s benchmark price is set to fall sharply, with analysts tipping a drop of between 20 per cent and 40 per cent, or down to about $US87/t. The relatively weak Australian dollar should offset some of the fall.
Fortescue said more price adjustment was likely in anticipation of a lower 2009 Pilbara benchmark, and pointed to spot prices 20 per cent to 25 per cent below the benchmark.
But Fortescue also flagged that spot prices were on the rise, a welcome sign for an embattled industry hoping that BHP reports the same trend.
BHP chief executive Marius Kloppers is also expected to be quizzed again about the miner’s sudden decision last month to axe the loss-making $2.2 billion Ravensthorpe nickel mine.
BHP has said it does not expect to reopen Ravensthorpe. Mr Kloppers is likely to be asked about future plans for the site, and whether it will be sold for scrap metal like the failed Boodarie HBI plant at Port Hedland.