By Cecile Lefort SYDNEY Feb 2 Reuters Ratings agency Standard Poors lowered the credit ratings of BHP Billiton L BLT Ltd to A from Aplus and placed the mining giant on credit watch negative due to very challenging market conditions for iron ore oil and copper prices A further downgrade by one notch will depend on BHPs dividend policy and capital expenditure guidance due
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Get Price1059am Rivkin Securities analyst Tim Radford said the plunge in iron ore prices was dragging down the market and could continue “Iron ore is getting hit pretty hard at the moment” he said
Get PriceCitigroup does not expect copper prices to go much above current levels of around 10000 a tonne and it forecasts iron ore to top out a current levels of 190 a tonne then fall to 160 midyear
Get PriceSP warned it may soon downgrade several miners as it lowered its iron ore price estimates for the next couple of years with rating decisions due over the next 23 global ratings agency says it has placed a negative watch on the credit ratings of Vale Rio Tinto BHP Billiton Anglo American CAP SA Exxaro Resources Fortescue Metals Group and Eurasian Resources Group
Get PriceThe major banks were also weaker although their losses were only modest Commonwealth Bank dipped 05 per cent to 8084 ANZ fell 03 per cent to 2473 NAB dropped 02 per cent to 2485 and
Get PriceMar 25 2018 · The benchmark SPASX200 index fell 196 per cent on Friday to 58207 points shedding 40 billion in value with major mining and metals stocks suffering the worst impact
Get PriceApr 13 2017 · Fortescue shares were hammered in Thursday trade falling 68 per cent to 550 after an overnight plunge in the iron ore price Adding to pressure the miner reported lower iron ore
Get PriceThe major iron ore miners lifted on the back of a higher iron ore price BHP gained 125 per cent to 3316 while Rio Tinto lifted 112 per cent to 8388 Fortescue rose 186 per cent to 493
Get PriceThe gold and copper miner’s result was impacted by a fall in production and commodity prices which contributed to 2319 million of asset writedowns on its Prominent Hill operations
Get PriceIt was a nasty day for investors in iron ore mining stocks yesterday after the price of iron ore sunk 2 to US114 after traders reacted negatively to data showing Chinese exports had their
Get PriceMay 01 2015 · Brazilian mining company Vale SA was downgraded late on Thursday by the Standard Poors creditrating agency over concern that a drop in iron ore prices
Get PriceFeb 11 2016 · Rio Tinto ditches boom time payout policy as profit plunges in 2015 from 931 billion a year earlier hit by weaker iron ore copper and aluminium prices and
Get PriceMar 24 2020 · These are the steel stocks with the lowest 12month trailing pricetoearnings PE ratio Because profits can be returned to shareholders in the form of dividends and buybacks a low PE ratio
Get PriceSep 12 2013 · “Our SP 500 model points to a long road back to a price over 3000 for the SP 500 probably due to major stress on growth versus value amid populist reflationary policy” wrote Barry
Get PriceApr 14 2015 · The global ratings agency said the credit watch change was due to a lowering of its iron ore price forecasts to US45 per tonne for the rest of this year to 50 for next year and 55 for 2017 The previous forecasts were 65 this year and 2016 and 70 for 2017
Get PriceMajor miners on credit watch as iron ore price plunges SP Apr 14 2015 Some of the worlds biggest iron ore miners were Tuesday placed on The global ratings agency said the credit watch changes were due to a Mining Segment
Get PriceApr 14 2015 · In another bleak day for the nation’s ailing iron ore industry Standard Poor’s put eight major miners including BHP Billiton Rio Tinto and Fortescue on negative credit watch after
Get PriceThe global ratings agency said the credit watch changes were due to a lowering of its iron ore price forecasts to 45 per ton for the rest of this year to 50 for next year and 55 for 2017
Get PriceMajor miners on credit watch as iron ore price plunges SP Apr 14 2015 Some of the worlds biggest iron ore miners were Tuesday placed on credit The worlds biggest mining companies are getting hammered More details » Get Price
Get PriceA diversified mining company that produces iron ore aluminum copper and diamonds 3 Vale 617 billion The largest iron ore producer in the world It also produces nickel coal and copper
Get PriceA 40 increase over the 20092010 benchmark price means that Australian ironore fines would be 84 per dry metric ton free on board Australia for 62 iron while from Brazil they would be 83
Get PriceApr 14 2015 · THE nation’s biggest miners as well as Western Australia have had their credit ratings put on review for a downgrade following the plunge in iron ore prices
Get PriceMajor miners on credit watch as iron ore price plunges SP Apr 14 2015 Some of the worlds biggest iron ore miners were Tuesday placed on The global ratings agency said the credit watch changes were due to a Mining Segment
Get PriceMajor miners on credit watch as iron ore price plunges SP Apr 14 2015 Some of the worlds biggest iron ore miners were Tuesday placed on credit The worlds biggest mining companies are getting hammered More details » Get Price
Get PriceSP warned it may soon downgrade several miners as it lowered its iron ore price estimates for the next couple of years with rating decisions due over the next 23 global ratings agency says it has placed a negative watch on the credit ratings of Vale Rio Tinto BHP Billiton Anglo American CAP SA Exxaro Resources Fortescue Metals Group and Eurasian Resources Group
Get PriceThe global mining giant produced 338 million tons of iron ore in 2018 up about 2 from 2017s level All that output came from the Pilbara region where it operates the worlds largest integrated
Get PriceThis is despite the indication by another big supplier governmentowned NMDC to not slash ore prices in April While the price of iron ore fine quoted by Odisha suppliers has come down to Rs 2000 per tonne from Rs 2200 per tonne the sized ore lump price has slumped to Rs 4300 per tonne from Rs 4800
Get PriceDividends paid by mining giants may come under review as a ratings agency put many on notice amid an iron ore price plunge Miners dividends may come under pressure
Get PriceThe gold and copper miner’s result was impacted by a fall in production and commodity prices which contributed to 2319 million of asset writedowns on its Prominent Hill operations
Get PriceJan 24 2020 · Prices were above 125 per metric ton in 2013 just as they began a slow decline to about 45 in late 2015 As of midSeptember 2019 they were hovering near 95
Get PriceSep 16 2014 · But iron ore prices have collapsed to fiveyear lows since then thanks to the major miners flooding the market with new supply and highcost miners in China continuing to
Get PriceMay 29 2017 · Iron ore prices fell below 60t to hit the lowest level since October as traders continued to fret about the outlook for demand Steel and futures prices in China fell over concerns the peak in construction activity has passed Spot iron ore lost 233 to close at 5791 The price
Get PriceMar 26 2014 · Australia the largest iron ore exporter cut its price estimate for this year and predicted a further drop in 2015 as mining companies including Rio Tinto Group and BHP Billiton Ltd increase
Get PriceIn the other major ironoreproducing region Australia the benchmark iron ore hit a price of 1536 a ton at the end of March Not too shabby Not too shabby
Get PriceOct 21 2013 · JP Morgan analyst Lyndon Fagan this week increased his forecast to a 2 increase to 488 million tons citing strong shipment data from Australias major ironore
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