What's new

Australian iron ore supplier embraces Chinese market with yuan settlement

MH.Yang

SENIOR MEMBER
Jul 21, 2021
5,279
1
9,852
Country
China
Location
China
BHP? That is the largest mining group in the world.

It seems that the new Australian govt has deeply reflected on the mistakes of its predecessor. That is a good start.
 

Beast

ELITE MEMBER
Feb 5, 2011
29,367
-49
66,116
Country
China
Location
China
BHP? That is the largest mining group in the world.

It seems that the new Australian govt has deeply reflected on the mistakes of its predecessor. That is a good start.
Stupid kangeroo, how dare you defy the mighty uncle Sam and trade your commodity in rmb. Do you know that is a threat to my USD global dominate? You kangeroo owe everything to American. You can only follow every instruction US lash out.
 

Han Patriot

ELITE MEMBER
Mar 23, 2011
12,386
-34
18,932
Country
China
Location
Singapore
Stupid kangeroo, how dare you defy the mighty uncle Sam and trade your commodity in rmb. Do you know that is a threat to my USD global dominate? You kangeroo owe everything to American. You can only follow every instruction US lash out.
Wow BHP trading in Rmb is big news man. I heard even rio tinto is doing the same.
 

jhungary

MILITARY PROFESSIONAL
Oct 24, 2012
13,804
357
13,682
Country
China
Location
Australia
Did any of you realise this article is 2 years old??


The article mentioned by Global Time "Vittoria" docked in Shandong back in 2020.....MSC Vittoria currently in Italy


And no, BHP no longer settle with Yuan, they done that because back in 2020 Chinese has "Unofficially" banned Iron Ore and IIRC that contract is for 14 millions dollar worth of Iron Ore...
 

Beast

ELITE MEMBER
Feb 5, 2011
29,367
-49
66,116
Country
China
Location
China
Did any of you realise this article is 2 years old??


The article mentioned by Global Time "Vittoria" docked in Shandong back in 2020.....MSC Vittoria currently in Italy


And no, BHP no longer settle with Yuan, they done that because back in 2020 Chinese has "Unofficially" banned Iron Ore and IIRC that contract is for 14 millions dollar worth of Iron Ore...
What 2 years old? Get yourself updated. Latest new is they are going to settle in rmb to get Chinese deal.
 

jhungary

MILITARY PROFESSIONAL
Oct 24, 2012
13,804
357
13,682
Country
China
Location
Australia
What 2 years old? Get yourself updated. Latest new is they are going to settle in rmb to get Chinese deal.
Dude are you stupid or blind??

Read the Reuter article written in 2020.

And the ship Global Times said it just docked in China? It currently in Italy, and I have already show you the transponder readout.
 

Beast

ELITE MEMBER
Feb 5, 2011
29,367
-49
66,116
Country
China
Location
China
Dude are you stupid or blind??

Read the Reuter article written in 2020.

And the ship Global Times said it just docked in China? It currently in Italy, and I have already show you the transponder readout.
Lol... Fake interpretation by you.

Australian iron ore supplier embraces Chinese market with yuan settlement
By Global TimesPublished: Jul 11, 2022 10:14 PM




Hesteel Group, another leading steel mill, said on an investors' platform of the Shenzhen Stock Exchange that the company has been using the yuan for settlements with all of the world's three biggest iron ore suppliers -- Rio Tinto, BHP and Vale -- since October 2020.

I know u r the number one cheerleader for USA. The reality of BHP settle payment in Yuan must have upset u alot that u need to deceive others to ease your pain. :lol:

Prepare for uncle sam to bring freedom and democracy with B-52 bomber for Australia. :enjoy:

download (1).jpeg
 
Last edited:

jhungary

MILITARY PROFESSIONAL
Oct 24, 2012
13,804
357
13,682
Country
China
Location
Australia
Lol... Fake interpretation by you.

Australian iron ore supplier embraces Chinese market with yuan settlement
By Global TimesPublished: Jul 11, 2022 10:14 PM
Are you for real??

BHP.jpg


This is a screen cap from the Global Times article Written on July 11 2022.

If you care to look at 2 things, you will know it is talking about stuff that happened in the past. Not now,

Number 1.) - THE FIRST TIME BHP settle Iron Ore with Yuan is May 12, 2020, according to this Reuter Article

BHP1.jpg



The world’s top listed miner BHP Group said on Tuesday it had made its first yuan-denominated sale of iron ore to China Baoshan Iron & Steel Co Ltd, known as Baosteel, and would explore using blockchain for such transactions in future.

So if they (BHP) did use Yuan to settle their iron ore again, it WOULD NOT BE THE FIRST TIME.

Number 2. The ship the Global Times Article mentioned MSC Vittoria is currently docked in Italy as of July 12, 2022. I don't care how fast you can go, you can't go from China to Italy in 2 days if they were docked in China last Sunday (July 10)


Vittoria.jpg


In effect, the Global Times talking about an incident did not happened in 2022, as the ship in question is currently in Italy. The article may have been written by Global Time yesterday, but this is IN NO WAY can happen in the last week. If you look at what Global Times said, you can see they are describing an event happened in 2020.
 

Beast

ELITE MEMBER
Feb 5, 2011
29,367
-49
66,116
Country
China
Location
China
Are you for real??

View attachment 861187

This is a screen cap from the Global Times article Written on July 11 2022.

If you care to look at 2 things, you will know it is talking about stuff that happened in the past. Not now,

Number 1.) - THE FIRST TIME BHP settle Iron Ore with Yuan is May 12, 2020, according to this Reuter Article

View attachment 861188




So if they (BHP) did use Yuan to settle their iron ore again, it WOULD NOT BE THE FIRST TIME.

Number 2. The ship the Global Times Article mentioned MSC Vittoria is currently docked in Italy as of July 12, 2022. I don't care how fast you can go, you can't go from China to Italy in 2 days if they were docked in China last Sunday (July 10)


View attachment 861190

In effect, the Global Times talking about an incident did not happened in 2022, as the ship in question is currently in Italy. The article may have been written by Global Time yesterday, but this is IN NO WAY can happen in the last week. If you look at what Global Times said, you can see they are describing an event happened in 2020.
Nobody care about one vessel or not. The main point is Australia BHP and Rio Tinto settle Chinese payment in Yuan even until now. Are u going to deny this?


:enjoy:
 

jhungary

MILITARY PROFESSIONAL
Oct 24, 2012
13,804
357
13,682
Country
China
Location
Australia
Nobody care about one vessel or not. The main point is Australia settle Chinese payment in Yuan even until now. Are u going to deny this?
BHP stop using Yuan to settle with Iron ore since 2020. This is not about deny or what.

They did it back in 2020, and no longer doing it now.

So what's your point??
 

Beast

ELITE MEMBER
Feb 5, 2011
29,367
-49
66,116
Country
China
Location
China
BHP stop using Yuan to settle with Iron ore since 2020. This is not about deny or what.

They did it back in 2020, and no longer doing it now.

So what's your point??

Self denial is good for you but not for us. :lol:

Hesteel Group, another leading steel mill, said on an investors' platform of the Shenzhen Stock Exchange that the company has been using the yuan for settlements with all of the world's three biggest iron ore suppliers -- Rio Tinto, BHP and Vale -- since October 2020.
 

jhungary

MILITARY PROFESSIONAL
Oct 24, 2012
13,804
357
13,682
Country
China
Location
Australia

Self denial is good for you but not for us. :lol:
Show me where BHP is "STILL" paying Yuan with Iron Ore order? Otherwise I will call you Bullshit

That is the entire god damn point of why I said this Global Times article is talking about stuff happened 2 years ago.

Even in your dumbass reference it said Baowu steel Group hope to have 10% of account settle with Yuan.


China Baowu Steel Group, the country's largest steelmaker, recently told investors that about 6% of the company's 2021 iron ore purchases abroad were settled in yuan. The company aims to expand that to 10% in 2022.
 

Beast

ELITE MEMBER
Feb 5, 2011
29,367
-49
66,116
Country
China
Location
China
Show me where BHP is "STILL" paying Yuan with Iron Ore order? Otherwise I will call you Bullshit

That is the entire god damn point of why I said this Global Times article is talking about stuff happened 2 years ago.
I have professional media called caixin and Asia Nikki back this article. You shall be the one to debunk it instead of BS here.

Hesteel Group, another leading steel mill, also comfirm settle payment with Australia counterpart in rmb since 2020 until now. Who r u to deny it? :lol:
 

Users Who Are Viewing This Thread (Total: 1, Members: 0, Guests: 1)


Top Bottom