Monthly Archives: January 2012

Rio Tinto has reported that it “bounced back” from severe weather conditions in the first half of 2011 to ship a record volume of iron ore over the course of the year.

China, the world’s largest consumer of iron ore, has announced plans to create its own physical trading platform in order to strengthen its position, have more influence over price and rival platforms such as GobalOre backed by BHP Billiton.

Temporary and contract workers have proved indispensable during the downturn – but new legislation introduced in the UK last month looks set to pose procurement a considerable conundrum.

Companies in the UK are keeping hold of cash and delaying payments to overseas suppliers in the hope that exchange rates will improve, according to experts.