GLG News by Iron Ore Mining Experts

Issues that will impact projects going forward are: 1. slower world growth 2. the relative attractiveness of other competing projects worldwide 3. availabilty of finance generally will be increasingly difficult and costlier to obtain 4. in line with point 3 perceived PNG risk will become more expensive...

The American owned and operated OEM automotive industry was only profitable when it had both a monopoly and credit was cheap. This situation can never again occur, because the OEM American owned and operated car industry's domestic market share is already below 50% and is  still rapidly decreasing...

Is the American Government smart enough to see that the average American has already written off General motors, Ford, and Chrysler? The proposed bailout of any of these mismanaged train wrecks is nothing of the sort; it would be rather a stimulant to a dying industry intended to get an unrepresentative...

BNSF railroad recently announced that the company would install Positive Train Control (PTC) technology across its entire system by Dec. 31, 2015 and in the Los Angeles basin by 2012. BNSF had been given approval by the Federal Railroad Administration to install the Electronic Train Management System...

The bankruptcy filing by Industrial Carriers Corp (ICI) is likely to be replicated many times over the next two years, but will not affect a significant percentage of drybulk operators.

Spot rates for dry bulk shipping have dropped below variable operating costs.  Fundamentally, this should not be the case.  Rates will recover.

For reasons of economics, safety, reliability, and longevity we can now say bye-bye to the lithium-ion battery for mass production.   The automotive press, taking its leads from a technologically ignorant automotive industry  assumed that there would be a progressive advance going...

BMW says it will soon lease 500 Mini-E, electric cars, possibly before the end of 2009, for a North American beta test. This is not a test of a practical model of the Mini Cooper, because the vehicle is just a 35 Kwh battery mated to a 150 H.P. low torque electric motor and this "power train'...

    The year-to-date and outlook for many of the items transported by the U.S. railroads are down, coal transportation has been positive.  The discussions that follows list some of the positives for the railroads.

    Coal companies have issued force majeure declarations to customers due to various production-related issues.  These are discussed in the section below.