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

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
07/31 Don't fear potash takeover, Saskatchewan premier tells Germany
07/28 BHP BILLITON : slashes headcount by 37pc at Melbourne headquarters
07/28 BHP plans to shed around 100 HQ jobs as commodities tumble
07/28DJAustralia Shares End Slightly Down; Energy Stocks Rise
07/28 BHP BILLITON : slashes headcount by 37pc at Melbourne headquarters
07/27DJLONDON MARKETS : FTSE 100 Falls As Chinese Stocks Slide, But Miners Rise
07/27DJLONDON MARKETS : FTSE 100 Falls As Chinese Stocks Slide, But Miners Hold To High..
07/27DJLONDON MARKETS : FTSE 100 Falls As Chinese Stocks Slide, But Miners Hold To High..
07/24DJLONDON MARKETS : FTSE 100 Dragged To Weekly Loss As Miners Slide
07/24DJMiners Slash Jobs on Falling Commodity Prices
Advertisement
Chart
Duration : Period :
BHP Billiton Limited Technical Analysis Chart | BHP | AU000000BHP4 | 4-Traders
Income Statement Evolution
More Financials