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Iron Ore News Digest
Saturday 19 August 2017
Home    Coal    Copper    Iron Ore    Nickel    Rare Earth    Oil Sands    Uranium    Zinc

Iron ore's transformation from a relic of the industrial age to the driving force behind a commodity supercycle that reshaped the global economy.

Experts and mining companies fear some of the modifications that go in effect in November, will result in hefty taxes, higher research costs and decrease interest from foreign investors.

Jumps 5.6%.

Israeli diamond billionaire Beny Steinmetz, four others, in custody of Israeli police on suspicion of fraud, forgery, obstruction of justice and bribery.

Trans-Tasman is now allowed to recover resources from the country’s Exclusive Economic Zone

Tata Steel has just inaugurated India’s first solar power project located at an iron ore mine

Iron ore price has surged by more than 40% in less than two months as Chinese steelmakers chase high-grade imports.

The steelmaking raw material hit its highest level since April driven by the demand of China’s steel industry

Chalkstone was born out of counter-insurgency tactics used by troops in Afghanistan, but its unique methodology is now being used by miners, which can map-out power structures and counter the potentially crippling risk of strikes and political opposition.

The company will return a total of $3 billion to shareholders: $2 billion on the dividend side and $1 billion of share buybacks.

Brad Halverson has spent nearly three decades with the mining and construction equipment maker.

Ore with 62% content in Qingdao jumped 7.2% to $73.70 a tonne, according to the Metal Bulletin, the highest price since April 11 and the largest one-day percentage gain since December 1, 2016.

What a difference a year makes.

These courses can help you identify and evaluate the risks involved in mining investments before it’s too late.

This is the second time this year the equipment giant boosts sales and profits forecast.

Shareholders hadn’t received dividends since 2015, when iron ore fell below $40 a tonne amid a global crash in commodity prices.

"Suspected corruption in the conduct of business in the Republic of Guinea by the Rio Tinto group, its employees and others associated with it."

Mosaic chief Joc O’Rourke also said BHP’s target of 2023 for first production looks unachievable.

After strong start to 2017, US steel output growth for the first six months slows to just 1.3%.

While the decision doesn’t ban Fortescue from continuing to operate the mines, it paves the way for the group to sue the company for hundreds of millions of dollars in compensation claims.

Hedge fund manager says expanding into the currently over-supplied fertilizer market is just a bad idea.

Prices have climbed almost 7% since Monday and almost 32% since the recent low of $53.36 a tonne hit on June 13.

ArcelorMittal South Africa is considering job cuts and restructuring to save costs in a challenging global steel market and recession at home, it said on Tuesday.

Bigger-than-expected shareholder support in Vale SA's stock conversion plan could lead the world's No. 1 iron ore producer to accelerate the listing of common shares in Brazil's strictest market segment and lure a boarder base of investors.

Provinces and territories, beginning by Ontario, need to follow the lead of Nunavut, where Inuit communities have benefitted from successful gold and iron ore mines.

Brazilian newspaper had claimed BHP was selling its stake in the Samarco iron ore mine to its partner Vale.

There are several encouraging signs for the mining outlook in Australia.

South Africa intends to suspend the granting of applications for prospecting and mining rights as well as any renewals pending a court case to review new mining laws, the Mineral Resources Minister Mosebenzi Zwane said on Thursday.

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