Rio Tinto CEO predicts the fall of competitors

Several iron ore producers are dangerously close to the abyss but are still hanging on. With the dramatic decline in the price of iron ore, an adaptation will definitely take place, Rio Tinto's CEO tells Bloomberg.

BY KATRINE GRØNVALD RAUN

The price of iron ore dropped 45 percent this year and that has pushed some producers all the way to the edge, according to Sam Walsh, CEO of the world's second largest mining company Rio Tinto.

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Rio Tinto CEO predicts the fall of competitors

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Mining giants trim investments by billions

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Front page now

Ukraine's grain exports halves in one year

Navigare Capital cashes in from sale of several ships

Lidl's shipping company makes changes to get more customers in store

Professionals: Shipping has a bad image and struggles to attract women

Less freight risks mass layoffs at major UK port

Star Bulk buys back own shares from Oaktree Capital

Russia's new ban could send more countries on a frantic hunt for diesel

Shanghai to set up first pan-Pacific green corridor with Los Angeles

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

A simple reason could explain low dry bulk rates despite good demand

Dubai challenges Singapore as shipping's favorite city

Opinion: Europe's key ports have become better connected after Covid

Further reading

Lidl's shipping company makes changes to get more customers in store

Dubai challenges Singapore as shipping's favorite city

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

Shanghai to set up first pan-Pacific green corridor with Los Angeles

A simple reason could explain low dry bulk rates despite good demand

Hapag-Lloyd rolls out Starlink internet to entire fleet

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