Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Shares  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  BHP Billiton Limited    BHP   AU000000BHP4

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Singapore's GlobalORE To Launch Iron Ore Trading Platform Wednesday

05/29/2012 | 05:05am US/Eastern

Singapore-based GlobalORE will launch its physical iron ore trading platform Wednesday as efforts to set up a price benchmark gather momentum.

GlobalORE will operate trading windows on weekdays between 3 p.m. and 4 p.m. Singapore and China time, and its office will actively assist members who trade during this time period, the company said on its website Tuesday, without elaborating.

Members will still be able to access the platform and trade outside this time period, it added.

Baosteel Group Corp., BHP Billiton Ltd. (BHP), Glencore International Plc (0805.HK), Hunan Valin Steel Co. (000932.SZ), Minmetals, Rio Tinto Plc (RIO) and Vale S.A. (VALE) are founder shareholders of the company.

Earlier this month, China Beijing International Mining Exchange, or CBMX, launched its physical iron ore trading platform with members including Vale, BHP Billiton and Rio Tinto.

Iron ore prices in the spot market are hovering around $132 a metric ton, down 10% so far this month.

-By Sameer Mohindru, Dow Jones Newswires; +(65) 6415-4085; sameer.mohindru@dowjones.com

React to this article
Latest news on BHP BILLITON LIMITED
09/01DJLONDON MARKETS : FTSE 100 Falls As Miners Slump On Weak China Data
08/28 FTSE posts biggest monthly decline since 2012
08/28DJLONDON MARKETS : FTSE 100 Seesaws, Eyes Loss For Volatile Week
08/27 ExxonMobil, BHP to spend 188 million pounds to replace Australian pipeline
08/27DJExxonMobil, BHP Venture to Replace Fuel Pipeline in Australia
08/27DJLONDON MARKETS : FTSE 100's Triple-digit Gain Helps It Rebound From Monday Rout
08/27DJLONDON MARKETS : FTSE 100 Pushes Higher As Global Stocks Stage A Comeback
08/26DJWinners, Losers in China's Upheaval
08/26 BHP BILLITON : puts on brave face
08/26DJLONDON MARKETS : FTSE 100 Losing Ground As China-inspired Gains Fade
Advertisement
Chart
Duration : Period :
BHP Billiton Limited Technical Analysis Chart | BHP | AU000000BHP4 | 4-Traders
Income Statement Evolution
More Financials