BHP shelves Hedland port expansion

BHP Billiton has announced that it is slowing iron ore output and shelving a USD500 million port expansion plan at the Port of Hedland inner harbour.
In its operational review for the nine months that ended on 31 March released last week, the miner said it would go back to its 290-million-tonne

CIMC profit surges 289% in Q1

Shenzhen-listed China International Marine Containers (CIMC) posted profit of CNY497million (USD80 million) for the first quarter of 2015, surging 289% from the profit of CNY128 million in the first quarter of 2014.
The company’s revenue stood at CNY14.6 billion, up 20.4% year on year (y/y), and