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Top related persons:
Chris Helgren - 1 Rio - 1 ” - 1 Kyle Rodda - 1
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Rio Toronto , Ontario Canada Northern Quebec Pilbara China Escondida
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Rio Tinto - 1 Developers Association of Canada - 1 REUTERS - 1 Iron Ore Company - 1 Canada - 1 IOC - 1 “ - 1 Capital.com - 1

Search resuls for: "Iron Ore Company"


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☆ Rio Tinto cuts Canada iron ore production estimate on extended plant outage
  + stars: | 2023-10-16 | by ( Rishav Chatterjee | ) www.reuters.com   time to read: +2 min
REUTERS/Chris Helgren/File PhotoThe world’s biggest iron ore producer expects an iron ore output of 9.3 million to 9.8 million tons (mt) from its Iron Ore Company of Canada (IOC) business, down from 10.0 to 11.0 mt previously projected. Rio reported a 1.2% rise in its third-quarter iron ore shipments, as it ramped up production at the Gudai-Darri mine. It shipped 83.9 mt of iron ore from Pilbara in the September quarter, compared with 82.9 mt a year earlier. The miner, which generates 70% of its profit from its iron ore operations, saw prices of the commodity improve as top consumer China stepped up its stimulus efforts. Rio realised a 5% increase in mined copper output to 169,000 tons, reflecting a ramp-up of high-grade underground Oyu Tolgoi mine and higher feed grades at Escondida.
Persons: Chris Helgren, Rio, ”, Kyle Rodda Organizations: Reuters, Rio Tinto, Developers Association of Canada, REUTERS, Iron Ore Company, Canada, IOC, “, Capital.com Locations: Rio, Toronto , Ontario, Canada, Northern Quebec, Pilbara, China, Escondida
☆ China's renewable energy ecosystem is 'the most exciting investment sector' right now: Fortescue
  + stars: | 2023-03-30 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's renewable energy ecosystem is 'the most exciting investment sector' right now: FortescueAndrew Forrest of the Australian iron ore company says "the demand is absolutely enormous" for China's renewable energy ecosystem, which includes manufacturing, automation and robotics.
☆ Iron ore demand from China won't be 'as dramatic as letting a tiger out of a cage,' says Fortescue
  + stars: | 2023-02-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIron ore demand from China won't be 'as dramatic as letting a tiger out of a cage,' says FortescueAndrew Forrest of the Australian iron ore company says it's nevertheless "certainly true to say that we are releasing a sleeping giant back into action."
☆ Australian billionaire Forrest snares CWP Renewables for over $2.7 bln
  + stars: | 2022-12-07 | by ( Scott Murdoch Sonali Paul | Scott Murdoch | Sonali Paul | ) www.reuters.com   time to read: +4 min
Forrest said in a statement Squadron had acquired CWP Renewables but did not disclose the price. And the more we create and deploy new renewable energy, the cheaper it becomes for every Australian and the world," Forrest told Reuters after the announcement. With CWP Renewables, Squadron would have the scale it needs to meet demand from large commercial and industrial customers for reliable green energy in eastern Australia, he said. Willoughby said CWP aimed to give the go-ahead by March 2023 to build a 400 MW wind farm, which would cost more than A$1 billion. There are literally trillions of dollars of capital looking for green energy projects," he said.
☆ Australian billionaire snaps up CWP Renewables for over $2.7 bln
  + stars: | 2022-12-07 | by ( Scott Murdoch Sonali Paul | Scott Murdoch | Sonali Paul | ) www.reuters.com   time to read: +2 min
SYDNEY/MELBOURNE, Dec 7 (Reuters) - Mining billionaire Andrew Forrest's private firm Squadron Energy has acquired CWP Renewables in Australia for more than A$4 billion ($2.7 billion), three people familiar with the deal said on Wednesday. Forrest said in a statement Squadron had acquired CWP Renewables, owner of 1.1 gigawatts of wind farms and a development pipeline of 1.3 GW of wind and solar farms in Australia, but did not disclose the price. CWP was sold by Swiss-based investor Partners Group (PGHN.S), which said it built the Australian business up after first investing in the Sapphire Wind Farm in the state of New South Wales in 2016. Other companies that had looked at CWP included Spain's Iberdrola (IBE.MC), Tilt Renewables, partly owned by AGL Energy (AGL.AX), and Origin Energy (ORG.AX), all aiming to expand in renewable energy as Australia speeds up its transition away from coal-fired power. With CWP Renewables, Squadron would have the scale it needs in eastern Australia to meet demand from large commercial and industrial customers for reliable green energy, Forrest said.
☆ The U.S. Inflation Reduction Act is a 'master stroke,' says Fortescue
  + stars: | 2022-11-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe U.S. Inflation Reduction Act is a 'master stroke,' says FortescueAndrew Forrest of the Australian iron ore company says the bill is "probably one of the best… economic policies to come out of North America in decades."
☆ All industries need to go beyond fossil fuels as soon as possible, says Fortescue
  + stars: | 2022-09-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAll industries need to go beyond fossil fuels as soon as possible, says FortescueAndrew Forrest of the Australian iron ore company says that's an "absolute existential necessity."
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