Hamersley Iron Finance N.V. - 1970 dated $1,000 Bond - Netherlands
Inv# FB6747 Bond
$1,000 Bond. In relation to this item, Pilbara Iron is a wholly owned subsidiary of the multinational Rio Tinto Group, that manages assets for Hamersley Iron Pty Ltd, a wholly owned subsidiary of Rio Tinto, & Robe River Iron Associates, an unincorporated joint venture between Rio (53% & operator since 2000) & three Japanese steel companies Mitsui Iron Ore Development P/L (33%), Nippon Steel Australia P/L (10.5%) & Sumitomo Metal Australia P/L (3.5%). All of these companies are involved in the mining of iron ore, predominantly from the Pilbara region of Western Australia.
In 2004, Rio Tinto announced that Robe & Hamersley would start merging operations under the new Pilbara Iron entity. The concept had been tested by the formation of Pilbara Rail in 2001, which generated more than $16 million in savings. Pilbara Rail was folded into Pilbara Iron in 2005. Each company continues to market products separately & retains ownership & profits from the underlying mines, as well as strategic development of their own mineral resources. Read more at https://en.wikipedia.org/wiki/Hamersley_%26_Robe_River_railway
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
Ebay ID: labarre_galleries