Word: ore
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...involved in this case make it anything but routine. The arrests have thrown already-fraught relations between Australia and China - its largest trading partner - into an uproar, and for good reason: Stern Hu and his deputies were in charge of Rio Tinto's negotiations over the price of iron ore with Chinese steelmakers. China is now the word's largest consumer of iron ore, and Rio its largest supplier - shoveling vast amounts of high-quality ore from its huge mines in western Australia. The price negotiations were ongoing at the time of Hu's arrest, and are hugely sensitive...
...China's largest foreign direct investment ever: a planned $19.5 billion stake that Chinalco - Beijing's largest state-owned aluminum company - had offered Rio late last year, when prices for the commodities it mines had hit rock bottom as the global recession took hold. Since then, prices for iron ore and other commodities have rebounded, in no small part because of demand from China, which is in the midst of a huge, government-led investment spree to combat the recession. Rio spurned Chinalco, did a joint venture with international competitor BHP Billiton, and announced a rights issue to raise capital...
...have Rio Tinto's point man on the iron-ore price talks arrested now, on charges of violating the state-secrets law, stunned Canberra - as well as much of the foreign business community in China. "People here are intensely interested to see if there's any substance to these charges, and to what extent the government will make them public," said the director of one foreign-business association in China, who did not want to speak on the record. "If this is seen as political, it could obviously have a chilling effect." A Rio spokeswoman said the company "is aware...
...brains and decreasing the time for processing information, and our brains are going to revolt. That, in turn, will lead to the next big industry: de-twitterification rooms where you can sit alone and unconnected, with nothing but a giant aquarium and a beanbag. Marty Decker, BEND, ORE...
...private sector company in the west had proposed buying a minority stake in Rio Tinto, would the Australian review process have taken as long? Or it would it have been waived through much more quickly - before commodity prices recovered? Now, far from gaining access to a giant iron ore reserves, Chinalco has to watch the two biggest producers in the world - BHP and Rio - do a joint venture with their reserves in the famed Pilbara region of western Australia. It's no wonder that the executive director of China's iron and steel institute was warning about a possible "monopoly...