Ships waiting to be loaded with iron ore are seen at the Fortescue loading dock located at Port Hedland, in the Pilbara region of Western Australia December 3, 2013.
REUTERS/David Gray
Australian iron ore mining seems immune from the spending crunch afflicting other commodities as a slowdown in Chinese growth cools a decade-long mining boom. Rio Tinto, BHP Billiton and Fortescue Metals Group are bulking up in Western Australia’s iron-rich Pilbara desert as if the mining boom had never ended. A place where capital expenditure is still measured in the billions.
REUTERS/David Gray
The miners are speeding up transformation of an area the size of Peru into a moonscape of rust-red pits linked via thousands of miles of rail lines to giant iron ore ports perched on the easternmost edge of the Indian Ocean. Pictures taken December 3, 2013.
REUTERS/David Gray
A train loaded with iron ore can be seen near the Fortescue Solomon iron ore mine located in the Valley of the Kings, around 400 km (248 miles) south of Port Hedland, in the Pilbara region of Western Australia December 2, 2013.
A Russian liquefied natural gas (LNG) carrier from the country’s so-called shadow fleet, the Buran, is battling thickening sea ice along the Northern Sea Route, underscoring the risks Moscow faces in keeping Arctic energy exports flowing as winter sets in. The vessel is part of a fleet of tankers operating outside Western insurance and tracking systems after sanctions restricted Russia’s energy exports.
A liquefied natural gas tanker that appears to be assisting a Russian export project circumvent US sanctions is still faking its location, according to satellite images analyzed by Bloomberg News.
By Joe Cash BEIJING, Nov 3 (Reuters) – The Pakistan Navy expects its first Chinese-designed submarine to enter active service next year, the country’s top admiral told Chinese state media, bolstering Beijing’s bid to...
5 hours ago
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