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Iron Ore News Digest
Saturday 24 June 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.

New Citigroup report predicts low $40s by end of the year, early 2018.

The world’s largest mining company announced that Ken MacKenzie has been elected to succeed Jac Nasser

Up to 130 jobs could be created in Ohio at a new iron ore processing facility to be operated by Cliffs Natural Resources (NYSE:CLF).

A consortium of companies including Korean steel juggernaut POSCO has made a bid for Arrium, a major Australian iron ore miner and steelmaker.

Workers at the mine downed tools over a week ago, angered by the company’s actions to eradicate illegal miners from its operations.

The country will require local miners to be 30% black-owned and has set a 12-month deadline for them to comply with the new rules.

Miners at the closed-down Wabush Mines in Labrador could be back on the job thanks to the recent signing of a collective agreement with the union.

The $338 million-project will take annual mine capacity from 5 to 10 million tonnes.

Is the bad and the ugly over and the good returning to the mining industry? PwC seems to think so.

Stuart Chambers, 61 and former chairman of UK chip designer Arm, will join Anglo as a non-executive director in September, replacing Parker in November.

Despite opposition from organizations ranging from the United Nations to green groups and locals, work on the multibillion-dollar mine is expected to begin by September.

Timeline-wise, the world's largest miner expects to achieve that goal in about 50 years.

The global glut in iron ore will not be helped by an investment by Rio Tinto to develop its Koodaideri iron ore deposit in Western Australia.

Steelmaking material dropped to $57.02 a tonne, marking a fresh seven-month low, as large stockpiles continue to weigh on the market.

Mark Mobius, executive chairman of Templeton Emerging Markets Group, sees disconnect between industry fundamentals and price swings.

If NASA is successful in its mission to 16 Psyche, one of the most massive asteroids found between the orbits of Mars and Jupiter, humans will have a first ever chance of exploring a world made of iron, not rock or ice.

The Bloom Lake Mine's new owner earlier this month announced new cash for upgrades to the shuttered operation and an offtake agreement with a Japanese trading company to receive iron ore for steelmaking if the mine gets back into commercial production.

While some residents of Kiruna have moved already, the first of the town’s historic buildings has just been hoisted up on a truck and transported to its new location.

30m tonnes per year operation jointly owned by BHP and Vale shuttered since November 2015 following dam burst.

Chinese furnaces make the most of slump in domestic prices to double scrap charge rates which could displace as much as 70 million tonnes of iron ore.

The company, which could lose the arbitration as a result, will have to pay the amount to former partner Vale.

Australia's Atlas Iron, which narrowly escaped collapse when iron or prices crashed in 2015, has deferred construction of a new mine, citing weak prices for the steelmaking commodity.

Brazil ministry wants to open border regions to foreign miners. Amazon-basin area about the size of Alaska could be affected.

World’s top miner BHP seeking partners for vessel automation

Fortescue’s Power says rebar prices have jumped after closures

Ex-executive takes stand after saying last week he wouldn’t

A second vessel contracted to haul iron ore for Brazilian miner Vale SA was delayed for repairs following the loss of a similar ship that mysteriously sank en route to China leaving 22 people presumed dead.

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