Accords set stage for iron-ore price surge

Article Abstract:

Iron ore prices may go up as mining giants renegotiate their contracts. Brazilian firm Companhia Vale do Rio Doce S.A. obtained a 65% increase in price for its iron ore from steelmaking producers in South Korea and Japan, and Rio Tinto PLC has indicated it too might seek an increase. Rio Tinto is currently the focus of a $140 bil takeover bid by mining firm BHP Billiton Ltd. Together, Vale, Rio Tinto, and BHP supply over 70% of exported iron ore worldwide.

South Korea, Strategy & planning, Acquisitions & mergers, Contracts & orders received, Mining & Extractive Industries, Mining, Contracts & orders let, All Other Metal Ore Mining, METAL MINING, Ferroalloy Ores, Chemical & Fertilizer Minerals, Other Nonmetallic Mineral Mining and Quarrying, United Kingdom, Planning, Australia, Mergers, acquisitions and divestments, Company acquisition/merger, Mining industry, Contracts, Brazil, Contract agreement, Company business planning, Mineral industry, Rio Tinto PLC, Companhia Vale do Rio Doce S.A., BHP Billiton Group, RIO

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As Japan votes, aid to countryside hangs in balance

Article Abstract:

Japan's Prime Minister Junichiro Koizumi is reforming the post office bank that has been traditional Japanese infrastructure. The post office had the role of supporting the less wealthy countryside, the economic policy is at the root of current elections.

Government expenditures, Economic Programs, Administration of Economic Programs, Central Reserve Depository, Post Office Banking Functions, Other Depository Credit Intermediation, PO & Treasury Banking Functions, Evaluation, Economic policy, Political aspects, Elections, Post office banks, Koizumi, Junichiro

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