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Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

  • 23,880 10 mei 2024 17:35
  • +0,200 (+0,84%) Dagrange 23,870 - 24,320
  • 2.942.344 Gem. (3M) 2,5M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 116 117 118 119 120 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 29 juli 2014 13:21
    South Korea's iron ore imports up in June

    According to statistics, South Korea’s iron ore imports totaled 5.5 million tonnes in June increasing by 27.7% YoY.

    The import price was averaged at USD 120.3 per tonne down by 15.9% compared from USD 143.1 per tonne in the same month of last year.

    In June, Australia was the largest exporter of iron ore to South Korea with 4.61 million tonnes.

    Source - www.yieh.com
  2. forum rang 10 voda 30 juli 2014 17:00
    Overcapacity worsens in Chinese steel sector

    Xinhua reported that Chinese steel companies are growing despite widespread losses and the government's efforts to thin the sector.

    Since overtaking Japan to become the world's largest steel producer in 1996, China's steel production reached new heights in June with record high averages for daily crude steel output. But the country's soaring steel production came as the sector struggles with overcapacity and losses amid an economic slowdown.

    According to the latest data from the National Bureau of Statistics, the country's average daily output reached 2.31 million tonnes in June, up 1.7% from the previous month. Total crude steel output in June was up by 4.5 percent from last year at 69.29 million tonnes.

    The output of pig iron, an intermediary product in steelmaking, also rose 2.3% to 60.01 million tonnes in June, while rolled steel production expanded by 7.1% to 98.05 million tonnes.

    In the first six months, China produced 411.91 million tonnes of crude steel, or 3% more than a year ago. In the same period, pig iron output grew 0.5% YoY to 362.02 million tonnes while rolled steel production increased 6.4% to reach 552.25 million tonnes.

    According to data by the China Iron and Steel Association, while output grew, profits from steel production have been sluggish. Combined profits of Chinese steel companies in the h1 rebounded to CNY 2.27 billion following a loss of CNY 2.33 billion in the Q1. However, their steelmaking operations incurred huge losses that were offset by CNY 4.32 billion in investment revenues and 3.88 billion in non operating income.

    The record high production capacity indicated the government's efforts to rein in the sector's growth have been in vain. This month, the Ministry of Industry and Information Technology again ordered the steel sector to eliminate laggard and excessive capacity by as much as 46.86 million tonnes by the end of September.

    Source – Xinhua
  3. forum rang 10 voda 30 juli 2014 17:01
    Push to flood iron ore market crushes smaller suppliers

    Reuters reported that a faster than expected increase in iron ore production by the world's biggest miners in Australia and Brazil this year is pushing less efficient smaller suppliers of the steel making raw material to the edge.

    From Europe to Australia to the Middle East, smaller miners in the once lucrative iron ore business are cutting output or shutting altogether despite rising demand, while a few mega miners are taking a bigger share of the USD 130 billion seaborne iron ore market.

    Big miners such as Vale, Rio Tinto and BHP Billiton are flooding the world with hundreds of millions of tonnes of cheaply mined ore, driving down prices by almost a third this year.

    The price fall is squeezing higher-cost producers, while the big miners are feeling less pain due to ever lower costs of production from economies of scale and increased sales. Barriers to entry are also increasing, shutting out all but those with access to the biggest ore deposits.

    Mr Gavin Wendt of Australian consultancy MineLife said that "Iron ore is fast becoming a big boys game, with little room for the small or marginal producer."

    According to Australian government data, by 2015, major producers in Brazil and Australia will account for 1.15 billion tonnes or 83% of world seaborne ore trade up from 71% just three years earlier.

    Mr Ken Brinsden MD of Australia's 12 million tonnes per year Atlas Iron said that "Unprecedented iron ore output from the majors could strip away up to 85 million tonnes of iron ore annually from suppliers in China and elsewhere.”

    Mr James Wilson a mining analyst with Morgans Stockbrokers estimated that at today's prices, around 200 million tonnes of Chinese domestic production alone is unprofitable. The likes of BHP and Rio Tinto are just too competitive to take on in this market.

    Macquarie Bank research shows use of domestic ore by Chinese steel mills fell to 241 million tonnes in the Q1 of 2014, down 40 million tonnes the fourth quarter of last year. That's not surprising, given only a third of China's domestic mines have direct links with the mills, leaving the majority to compete in the price driven marketplace.

    The big miners, meanwhile, are beating forecasts as they churn out more ore. BHP expects to produce 245 million tonnes this year, up 9% on last year and well ahead of expectations.

    Rio Tinto is also boosting output 9% to 290 million tonnes this year, which analysts say could set the stage for a drive to its next goal of 360 million tonnes. Vale is aiming for 312 million tonnes and produced a record amount in the Q2 to June 30.

    Source – Reuters

  4. forum rang 10 voda 30 juli 2014 17:03
    Updates on weekly raw steel production in USA

    In the week ending July 26th 2014, domestic raw steel production was 1,920,000 net tonnes while the capability utilization rate was 79.8%. Production was 1,852,000 net tonnes in the week ending July 26th 2013, while the capability utilization then was 77.3%.

    The current week production represents a 3.7% increase from the same period in the previous year. Production for the week ending July 26th 2014 is up 1.4% from the previous week ending July 19th 2014 when production was 1,893,000 net tonnes and the rate of capability utilization was 78.7%.

    Adjusted year to date production through July 26th 2014 was 54,547 net tonnes, at a capability utilization rate of 76.8%. That is up 0.3% from the 54,386 net tonnes during the same period last year, when the capability utilization rate was 76.8%.

    Broken down by districts, here's production for the week ending July 26th 2014 in thousands of net tons: North East: 236; Great Lakes: 675; Midwest: 239; Southern: 681 and Western: 89 for a total of 1,920.

    The Raw Steel production tonnage provided in this report is estimated. The figures are compiled from weekly production tonnage provided from 50 percent of the domestic producers combined with monthly production data for the remainder. Therefore, this report should be used primarily to assess production trends. The AISI production report AIS 7 published monthly and available by subscription, provides a more detailed summary of steel production based on data supplied by companies representing over three quarters of US production capacity.

    Source – Strategic Research Institute
  5. forum rang 10 voda 30 juli 2014 17:05
    Italian steel market remains weak

    is reported that the European steel market has improved. However, due to the seasonal factor, the Italian market recovered quite slowly and price remained weak.

    The Italian domestic traders think the price would not drop dramatically. Currently, the buyers are booking the last order before summer vacation and it is estimated the orders would increase this week or next week.

    Market participants said that most mills had received full orders for September and would probably try to increase the price for October soon.

    Source - www.yieh.com
  6. forum rang 10 voda 30 juli 2014 17:11
    China iron ore prices remains excess on DCE

    Reuters reported that the most traded iron ore for January 2015 delivery on the Dalian Commodity Exchange hit a session high of CNY 688 per tonne, its loftiest since July 18. It was up 1% at CNY 684 by midday.

    The threat for iron ore prices remains the excess supply that has kept spot prices below USD 100 per tonne since May 19. A faster than expected increase in iron ore production by the world's biggest miners in Australia and Brazil this year is pushing less efficient smaller suppliers from Europe to Australia to the Middle East to cut output or shut altogether.

    According to Australian government data, by 2015, major producers in Brazil and Australia will account for 1.15 billion tonnes or 83% of world seaborne ore trade up from 71% three years earlier in 2012.

    According to Iranian industry data, exports from Iran the world's eighth biggest supplier on the seaborne market fell by a third in June from a year ago to just 1.2 million tonnes, a figure largely in line with numbers later released by China's customs.

    According to data compiled by Steel Index, iron ore for immediate delivery to China .IO62-CNI=SI stood at USD 94.30 per tonne on Friday. There was no pricing reference published on Monday due to the Singapore public holiday. Iron ore is down nearly 30% this year, having fallen to a 21 month low of USD 89 in mid June.

    Source - Reuters
  7. forum rang 10 voda 31 juli 2014 16:44
    Fitch Ratings assigned TATA Steel' final notes of BB+

    Reuters reported that Fitch Ratings has assigned TATA Steel Limited's USD 500 million 4.85% senior unsecured guaranteed notes due 2020 and USD 1 billion 5.95% senior unsecured guaranteed notes due 2024 a final rating of 'BB+'.

    The final rating follows the receipt of documents conforming to information already received and is in line with the expected rating assigned on 21 July 2014. The notes are issued by Singapore based ABJA Investments Co Pte Limited a wholly owned subsidiary of TSL, and unconditionally and irrevocably guaranteed by India based TSL.

    The notes are therefore rated at the same level as TSL's foreign-currency senior unsecured rating of 'BB+'. Proceeds of the notes will be used to refinance the group's offshore debt obligations and for general corporate purposes outside India. The notes will rank pari passu with the TSL's existing and future senior unsecured indebtedness.

    KEY RATING DRIVERS TSL's Financial Profile to Moderate: Fitch Ratings expects the financial profile of TSL to moderate, with net leverage (net adjusted debt and operating EBITDAR) to fall below 4x by the financial year ending 31 March 2015 (FY15) (FY13:4.9x). We expect TSL's strong cash generation to support the deleveraging over the medium term, driven by improved performance at both its European and Indian operations.

    TSL's EBITDA improved to INR164.1 billion in FY14 from INR 123.2 billion a year earlier, driven by higher Indian sales volumes and improved profitability. Fitch expects both sales volume growth and stronger profitability to be sustainable. The planned commissioning of the Phase I of its new plant at Odisha in Q4 FY15 will also support stronger earnings. The Phase I of the new plant is expected to add 3 million tonnes per annum of capacity.

    Assets Sales Support Capex: TSL has undertaken measures to control its rising debt levels. In March 2014, the company sold a land parcel in Mumbai and in May 2014 sold its 50% stake in Dhamra Port Company Limited. Fitch believes that the company is likely to divest additional assets, if required, which will help fund its capex and constrain TSL's debt levels.

    The company also now expects to start major work on the Phase II of its new Odisha plant following the commissioning and stabilisation of the Phase I. European Operations Rebound: TATA Steel UK Holdings Limited's profitability has risen over the last Q4. EBITDA was GBP 314 million in FY14, up from GBP 89 million in FY13.

    Fitch's expectation of a sustained boost to TSUKH's profitability reflects the modestly better market conditions for western European steel producers, together with continued cost-rationalisation and an improving product mix. Sound Indian Steel Market: Fitch expects steel demand in India to strengthen in the next 12 months as investment picks up. The weak economic environment in the past two years has affected the key automobile, construction and engineering sectors.

    As a result, steel prices softened, which narrowed the margins of producers over 2012 to 2013. Parent Group Support: TSL's ratings continue to benefit from a one notch uplift because of the potential support from the Tata group due to TSL's strategic importance to the group.

    Source – Strategic Research institute
  8. forum rang 10 voda 31 juli 2014 16:49
    JFE gives sluggish profit forecast on steel oversupply from China

    Japan’s second biggest steelmaker JFE Holdings Inc forecast a full year profit of JPY 180 billion (USD 1.76 billion), lagging expectations amid a chronic oversupply of steel in China.

    Earnings in the quarter ended June 30 saw operating profit rise 25 percent to JPY 31.4 billion from JPY 25.1 billion a year earlier, as the company pared costs and increased sales, which rose 11 percent to JPY 927.6 billion. Net income fell 33 percent to JPY 15.5 billion after the company booked a one-time impairment charge at its trading unit.

    In a first quarter earnings statement posted to the Tokyo Stock Exchange, the company said “Overseas markets remain unfavorable, citing the Chinese supply glut. Japan’s economy continued to see a moderate recovery in the quarter.”

    Source -Bloomberg
  9. forum rang 10 voda 31 juli 2014 16:51
    US Steel announces result for Q2 2014

    United States Steel Corporation announced Q2 2014 net loss of USD 18 million, or USD 0.12 per diluted share, compared to a second quarter 2013 net loss of USD 78 million, or USD 0.54 per diluted share and Q1 2014 net income of USD 52 million, or USD 0.34 per diluted share.

    Adjusted net income for the Q2 of 2014 was USD 25 million, or USD 0.17 per diluted share, excluding a charge of USD 46 million, or USD 0.31 per diluted share, for litigation reserves; a loss on assets held for sale of USD 9 million or USD 0.06 per diluted share and a curtailment gain of USD 12 million or USD 0.08 per diluted share. See the Non GAAP Financial Measures section for a description of the non GAAP measures and a reconciliation to net income (loss) attributable to US Steel.

    The USD 132 million, or USD 26 per tonne of reportable segment and Other Businesses income from operations for the Q2 of 2014 compares to income from operations of USD 154 million, or USD 30 per ton, in the Q1 of 2014 and income from operations of USD 47 million, or USD 9 per tonne in the Q2 of 2013. Other items not allocated to segments in the second quarter of 2014 consisted of a pre tax charge of USD 70 million for litigation reserves, a pre tax loss of USD 14 million on assets held for sale and a pre tax curtailment gain of USD 19 million.

    As of June 30th 2014, US Steel had USD 1.5 billion of cash and USD 3.2 billion of total liquidity. Cash provided by operating activities was USD 1.4 billion in the H1 of 2014 primarily due to improved working capital management. During the Q2 we repaid the remaining USD 322 million of our 2014 Senior Convertible Notes.

    Reportable Segments and Other Businesses;
    Results for our Flat rolled segment remained positive but decreased significantly from the Q1. The impacts of the extraordinary weather conditions and operational issues that began in the first quarter resulted in continuing operating inefficiencies; higher repairs and maintenance costs and logistical issues that temporarily limited our production capabilities during the Q2.

    These events resulted in both higher operating costs and lower shipments as compared to the Q1. Market conditions in North America did improve versus the first quarter, resulting in higher average realized proceeds in the Q2. The benefits generated by our Carnegie Way efforts partially offset the impact of these events and allowed us to report positive results. As we exited the second quarter, we returned to normal operations.

    We reported comparable results for our European segment in the second quarter despite the absence of the sale and swap of carbon emission allowances recognized in the Q1. Iron ore costs declined while shipments and average realized prices were comparable to the Q1. Tubular results increased compared to the Q1. Shipments were higher due to increased drilling activity while average realized prices were in line with the Q1. Raw materials costs improved as compared to the Q1.

    Mr Mario Longhi president & CEO of US Steel said that "The Carnegie Way journey continues to drive improvements as we reported operating income for each of our reportable segments and Other Businesses despite significant operating inefficiencies and logistical issues in our Flat-rolled segment."

    Source – Strategic Research institute
  10. forum rang 10 voda 31 juli 2014 16:52
    China steel and iron ore at one week highs on recovery bets

    Reuters reported that Chinese steel and iron ore futures rose to their highest in more than a week on hopes that a brightening economic outlook would spur demand for the two commodities, although property sector risks kept advances in check.

    Stocks in Hong Kong edged up to more than 3-1/2 year highs and those in the mainland held to Monday's sharp gains. The rally was fuelled by optimism that the world's second largest economy has turned a corner and that more growth friendly policies are ahead.

    The most traded iron ore contract for January 2015 delivery on the Dalian Commodity Exchange hit a session high of CNY 690 per tonne, its loftiest since July 18. It closed up 1% at CNY 684.

    Rebar for January 2015 rose 1.3% to end at CNY 3,105 per tonne on the Shanghai Futures Exchange, after peaking at CNY 3,115 also its highest since July 18th 2014.

    Ms Helen Lau senior mining analyst at UOB Kay Hian Securities in Hong Kong said that "The sentiment towards the second half for China has really improved but we still believe that the stimulus we have seen is minuscule and the property market remains tough."

    Optimism over China's economy rose after HSBC's preliminary survey showed manufacturing activity there quickened to an 18 month high in July, suggesting that government measures to stimulate the economy had been effective.

    Some analysts said that more stimulus may be needed to counter a cooling property market and increasing risks in the financial system, such as deteriorating credit quality.

    Ms Lau said that China will release its official purchasing managers' index for the manufacturing sector on Friday. Gains in steel prices came as Chinese traders' inventories of steel products fell further to 13 million tonnes. That is the lowest stockpiles of steel held by traders since the last week of 2012, when they stood at 11.88 million tonnes.

    Source - Reuters
  11. forum rang 10 voda 31 juli 2014 16:54
    China threat for iron ore prices remains the excess

    Reuters reported that a 170,000 tonne cargo of 62% grade Australian Pilbara iron ore fines for delivery to China in September was sold on the Singapore based globalORE platform at USD 96.50 per tonne on Tuesday. That was up from the sale of a same grade cargo at USD 95 on Friday.

    The threat for iron ore prices remains the excess supply that has kept spot prices below USD 100 per tonne since May 19.

    A faster than expected increase in iron ore production by the world's biggest miners in Australia and Brazil this year is pushing less efficient smaller suppliers from Europe to Australia to the Middle East to cut output or shut altogether.

    According to Australian government data, by 2015, major producers in Brazil and Australia will account for 1.15 billion tonnes or 83% of world seaborne ore trade up from 71% in 2012.

    According to data compiled by Steel Index, iron ore for immediate delivery to China .IO62-CNI=SI stood at USD 94.30 a tonne . There was no pricing reference published on Monday due to a public holiday in Singapore. Iron ore is down nearly 30% this year, having fallen to a 21 month low of USD 89 in mid June.

    Rebar and iron ore prices at 0706 GMT Contract Last Change Pct Change SHFE REBAR JAN5 3105 +40.00 +1.31 DALIAN IRON ORE DCE DCIO SEP4 695 +6.00 +0.87 METAL BULLETIN INDEX 94.65 +0.63 +0.67 Dalian iron ore and Shanghai rebar in yuan per tonne Index in dollars per tonne, show close for the previous trading day.

    Source - Reuters
  12. forum rang 10 voda 31 juli 2014 16:55
    Iranian steel output reaches 7.982 million tonnes in H1

    It is reported that Iran's steel output reached 7.982 million tonnes in H1 of 2014, increase of 8.4% compared to the same period of last year.

    The company is also closed to Turkey's Middle East's company which was second largest iron and steel in country.

    In addition, the global steel production capacity reached approximately 820 million tons in the first half this year.

    Meanwhile, Iran major steel mills are located in the province of Isfahan and Huzesitan especially for Mubarak Mills has occupied 47% of total nation steel production, Huzesitan Mills of 23%, Isfahan steel plant of 20% and the Iran National iron and steel group's of 10%, respectively.

    Source - www.yieh.com
  13. forum rang 10 voda 31 juli 2014 16:57
    Korean iron ore imports rise in H1

    According to data, Korea’s iron ore imports totaled 36.81 million tonnes in the H1 of this year, soaring by 26% YoY.

    The import prices of iron ore averaged at USD 128.4 per tonne CFR, down by 3.2% YoY.

    Among them, 26.85 million tonnes were imported from Australia, increasing by 26.4%; 7.55 million tonnes were from Brazil, rising by 18.5% and 1.15 million tonnes were from South Africa, down by 17.1%, all compared to the figures in the same period of a year ago.

    Source - www.yieh.com
  14. forum rang 10 voda 31 juli 2014 16:59
    Ukraine's steel consumption falls in Jan-May

    According to data released by Metallurgprom industry association, Ukraine’s steel consumption totaled 2.3 million tonnes in January to May period, slumping by 700,000 tonnes from 3 million tonnes in the same period of a year ago.

    In the given period of time, the country’s sales made to the CIS totaled 1.34 million tonnes decreasing by 36% YoY. Among them, 1 million tonnes were sold to Russia, falling by 30% YoY.

    Meanwhile, the country’s overall steel exports totaled 9.55 million tonnes in January to May period, down by 4% Yoy.

    Source - www.yieh.com
  15. forum rang 10 voda 31 juli 2014 17:58
    Aperam Ebitda KW2 2014 $164 mln, Ebitda $129 mln in KW1 '14
    Aperam: nettoschuld ultimo juni 2014 op $663 mln, 31 maart '14 $689 mln
    Aperam: cash flow uit operaties KW2 '14 $47 mln
    Aperam omzet KW2 2014 $1,4 mrd
    Aperam: nettoresultaat KW2 '14 $36 mln
    Aperam: Ebitda in KW3 '14 naar verwachting lager dan Ebitda in KW2 '14
    Aperam: lagere Ebitda-verwachting met name gevolg van seizoenseffecten
    Aperam: nettoschuld zal verder afnemen in KW3 '14
    (MORE TO FOLLOW) Dow Jones Newswires
  16. forum rang 10 voda 31 juli 2014 19:12
    Aperam boekt fors hoger operationeel resultaat
    door Ellen Proper

    Van DOW JONES NIEUWSDIENST

    AMSTERDAM (Dow Jones)--Staalbedrijf Aperam sa (056997440.LU) heeft in het tweede kwartaal van 2014 een fors hoger operationeel resultaat behaald, terwijl het bedrijf onderaan de streep terugkeerde naar winstgevendheid.

    De producent van roestvast staal verwacht voor het derde kwartaal een daling van de winst voor rente, belasting, afschrijvingen en amortisatie (EBITDA) in vergelijking tot dit gerealiseerde resultaat in het tweede kwartaal, voornamelijk als gevolg van seizoenseffecten.

    De EBITDA kwam in het tweede kwartaal uit op $164 miljoen, ten opzichte van $81 miljoen in dezelfde periode een jaar eerder. In het eerste kwartaal bedroeg het EBITDA resultaat $129 miljoen. De nettowinst bedroeg $36 miljoen tegenover een verlies van $11 miljoen een jaar terug en een winst van $19 miljoen in het eerste kwartaal.

    "We zijn verheugd dat we wederom onze winstgevendheid hebben verbeterd en onze balans hebben aangesterkt", zegt bestuursvoorzitter Philippe Darmayan in reactie op de resultaten.

    "Wat de toekomst betreft, is de verbetering van de markt voor roestvrij staal aan de gang, maar we blijven voorzichtig in het licht van het huidige economische klimaat, en in het bijzonder de onzekerheden met betrekking tot de nikkel prijsontwikkeling en de druk van invoer", vervolgt Darmayan.

    De omzet steeg naar $1,444 miljard van $1,366 miljard in het tweede kwartaal van 2013.

    De nettoschuld is in het tweede kwartaal afgenomen tot $663 miljoen op 30 juni, wat een verbetering markeert in vergelijking tot de nettoschuld van $689 miljoen op 31 maart 2014. Aperam meldt dat de nettoschuld verder af zal nemen in het derde kwartaal van 2014. De nettoschuld moet eind 2014 teruggedrongen zijn naar $550 miljoen, meldt het concern donderdag in een update over de 2014 doelstellingen.

    De winst per aandeel bedraagt over het tweede kwartaal $0,46.

    Het aandeel Aperam sloot donderdag op EUR25,18.

    Door Ellen Proper; Dow Jones Nieuwsdienst: +31-20-5715200; ellen.proper@wsj.com


  17. forum rang 10 voda 1 augustus 2014 15:35
    Aperam KW2 beter dan verwacht, vindt ABN Amro - Market Talk

    AMSTERDAM (Dow Jones)--Het tweede kwartaal van Aperam (056997440.LU) was beter dan verwacht, vindt ABN Amro dat het koersdoel verhoogt naar EUR33,00 van EUR31,00. Volgens de analisten zal het sterke winst-momentum zich voortzetten en gaat dit gepaard met beter dan verwachte resultaten in de komende kwartalen, dankzij hogere prijzen en volumes. Gebaseerd op de raming van een EBITDA van $614,3 miljoen in 2015, verhandelt het aandeel momenteel op 4,9 keer de EV/EBITDA-multiple, volgens ABN Amro zo'n 20% onder het gemiddelde bij sectorgenoten. Deze onderwaardering is niet gerechtvaardigd, vinden de analisten omdat het rendement gelijkwaardig is aan die bij concurrenten. ABN Amro handhaaft zijn buy-advies. Omstreeks 14.10 uur noteert het aandeel 0,3% hoger op EUR25,26, terwijl de Midkap met 1,7% daalt. (MMG)

    Dow Jones Nieuwsdienst: +31-20-5715200; amsterdam@dowjones.com

  18. forum rang 10 voda 1 augustus 2014 15:37
    ArcelorMittal neemt belang in Mount Nimba-project in Guinee

    LONDEN (Dow Jones)--ArcelorMittal (MT.AE) neemt een belang van meer dan 50% in een ijzererts-project bij Mount Nimba in het Afrikaanse Guinee. Daarmee koopt 's werelds grootste staalmaker twee aandeelhouders van het project uit: BHP Billiton Ltd. (BHP), dat een belang van 41,3% heeft en Areva sa (AREVA.FR), met een belang van 12,4%. Financiele details worden niet bekendgemaakt.

    ArcelorMittal verkrijgt het belang van 56,5% feitelijk in Euronmiba Ltd, een bedrijf dat voor 95% eigenaar is van het Mount Nimba-project. Het 56,5%-belang wordt mogelijk weer verkleind naar 50% wanneer de overgebleven aandeelhouder Newmont Mining Corp. (NEM) de optie uitoefent waarmee de deelnemingen van de twee partijen gelijk worden gesteld. Newmont heeft momenteel een belang van 41,3%.

    De deal is onderhevig aan goedkeuring van de overheid in Guinee, die toestemming moet geven aan ArcelorMittal om de ijzererts te verschepen over de grens naar Liberia. Daar exploiteert de staalmaker een ijzerertsmijn die qua afstand zo'n 40 kilometer van Mount Nimba ligt. ArcelorMittal zou dus kunnen profiteren van bestaande infrastructuur zodat de kosten om het Mount Nimba-project uit te voeren, mogelijk lager uitvallen.

    Mount Nimba is goed voor 935 miljoen ton aan ijzererts dat direct kan worden verscheept.

    Door Alex MacDonald; vertaald en bewerkt door Marleen Groen; Dow Jones Nieuwsdienst; +31 20 5715 200; marleen.groen@wsj.com


  19. forum rang 10 voda 1 augustus 2014 15:47
    Aperam EBITDA beter dan verwacht, vindt Rabobank - Market Talk

    AMSTERDAM (Dow Jones)--Het bedrijfsresultaat (EBITDA) van Aperam (056997440.LU) van $164 miljoen in het tweede kwartaal was beter dan verwacht, stelt Rabobank, dat zelf rekende op $149 miljoen. Het is verder logisch dat het bedrijfsresultaat voor het derde kwartaal lager wordt ingeschat door Aperam, vanwege seizoensgebonden invloeden, aldus Rabobank dat zijn raming voor de EBITDA in heel 2014 opwaarts bijstelt naar $490 miljoen, van een eerder ingeschatte $477 miljoen. Verder is Rabobank positief over het aandeel gezien de verbetering van de Europese basisprijzen voor staal, de voortzetting van de kostenbesparingen onder het Leadership-programma en de snelle schuldenafbouw op de balans. De buy-rating wordt gehandhaafd en er is opwaarts potentieel voor het koersdoel dat nu op EUR26,00 staat. Omstreeks 10.40 uur noteert het aandeel 1,8% lager op EUR24,73, terwijl de Midkap met 2% daalt. (MMG)

    Dow Jones Nieuwsdienst: +31-20-5715200; amsterdam@dowjones.com


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