Key Learning Outcomes:
Discover the iron ore geological genesis, major types, typical grade and physical properties
Appreciate the history of the modern iron ore industry
Recognise global major producing regions and trends
Understand extraction, processing and products
Understand metallurgy and applications of iron ore
Review land and sea transportation
Identify major iron ore producers _ operations, products and future plans
Identify major steel producers _ operations, products and future plans
Explain contract terms and pricing mechanisms
About the Course:
Australias iron ore industry underwent an incredible transformation in just six years, driven largely by Chinas insatiable demand.
Billions of dollars of mine expansions have been (or are) being undertaken by the majors, whilst the next generation of iron ore players in the Pilbara, Mid-West and elsewhere are currently planning their own projects.
Chinese investment in the iron ore sector has increased significantly, with many of the smaller iron ore players securing major investment by Chinese companies in exchange for off-take agreements.
The iron ore pricing debate continues _ BHP Billiton, Rio Tinto and now Vale are all singing from the same hymn sheet in suggesting that the old benchmark system no longer suits the current times and that a move to index pricing or quarterly prices is the way of the future.
On the other hand, many buyers are still insisting that the benchmark system be retained, but only time will tell as developments unfold. Come and gain an insight into the implications of this debate, and the potential ramifications for the wider industry and the global iron ore trade.
This course is your opportunity to gain an understanding of the drivers behind the industry, and the nuances of the rapidly changing market conditions. It will cover all aspects _ from mining to markets, and examine the international setting and influences of this global industry.