Australian iron ore supplier embraces Chinese market with yuan settlement

[Beast]

Australian iron ore supplier embraces Chinese market with yuan settlement - Global Times

www.globaltimes.cn

When is US military going to bring freedom and democracy to this Australia companies?

How dare you settle trade in rmb! Remember how Saddam Hussein outcome when he decides to settle oil trading not in USD...

 

[MH.Yang]

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]

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]

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.

 

[MH.Yang]

Well, if Australian mining companies are willing to use CNY to trade with China. I think we can forget that stupid Morrison.

 

[jhungary]

Did any of you realise this article is 2 years old??

BHP completes first yuan-based iron ore sale to China's Baosteel

* BHP sells around $14 mln of iron ore settled in Chinese currency

www.reuters.com

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

MSC VITTORIA, Container Ship - Details and current position - IMO 9299551 - VesselFinder

Vessel MSC VITTORIA (IMO 9299551, MMSI 372051000) is a Container Ship built in 2006 and currently sailing under the flag of Panama.

www.vesselfinder.com

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]

Did any of you realise this article is 2 years old??

BHP completes first yuan-based iron ore sale to China's Baosteel

* BHP sells around $14 mln of iron ore settled in Chinese currency

www.reuters.com

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

MSC VITTORIA, Container Ship - Details and current position - IMO 9299551 - VesselFinder

Vessel MSC VITTORIA (IMO 9299551, MMSI 372051000) is a Container Ship built in 2006 and currently sailing under the flag of Panama.

www.vesselfinder.com

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]

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]

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

Chinese steelmakers increasingly use yuan to buy iron ore abroad

Steel mills becoming a major force in drive to internationalize China's currency

asia.nikkei.com

Chinese Steelmakers Increasingly Use Yuan to Buy Iron Ore Abroad - Caixin Global

Chinese Steelmakers Increasingly Use Yuan to Buy Iron Ore Abroad - Baowu, Hesteel and others promote currency’s internationalization while reducing exchange-rate risks

www.caixinglobal.com

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.

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

 

[jhungary]

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??

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

BHP completes first yuan-based iron ore sale to China's Baosteel

* BHP sells around $14 mln of iron ore settled in Chinese currency

www.reuters.com

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)

MSC VITTORIA, Container Ship - Details and current position - IMO 9299551 - VesselFinder

Vessel MSC VITTORIA (IMO 9299551, MMSI 372051000) is a Container Ship built in 2006 and currently sailing under the flag of Panama.

www.vesselfinder.com

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]

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

BHP completes first yuan-based iron ore sale to China's Baosteel

* BHP sells around $14 mln of iron ore settled in Chinese currency

www.reuters.com

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)

MSC VITTORIA, Container Ship - Details and current position - IMO 9299551 - VesselFinder

Vessel MSC VITTORIA (IMO 9299551, MMSI 372051000) is a Container Ship built in 2006 and currently sailing under the flag of Panama.

www.vesselfinder.com

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?

Chinese steelmakers increasingly use yuan to buy iron ore abroad

Steel mills becoming a major force in drive to internationalize China's currency

asia.nikkei.com

 

[jhungary]

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]

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??

Chinese steelmakers increasingly use yuan to buy iron ore abroad

Steel mills becoming a major force in drive to internationalize China's currency

asia.nikkei.com

Self denial is good for you but not for us.

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]

Chinese steelmakers increasingly use yuan to buy iron ore abroad

Steel mills becoming a major force in drive to internationalize China's currency

asia.nikkei.com

Self denial is good for you but not for us.

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.

Chinese steelmakers increasingly use yuan to buy iron ore abroad

Steel mills becoming a major force in drive to internationalize China's currency

asia.nikkei.com

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]

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?