Iron Ore News

Iron ore mining, investment and price news

Rio Tinto planning Australia’s largest iron ore mine

Cecilia Jamasmie | July 23, 2014
Rio Tinto planning Australia’s largest iron ore mine

The 70 million tonne-a-year project in the Pilbara is meant to replace other Yandicoogina’s areas that are running out of ore.

UN opens up more deep sea areas for mining, issues seven new licences

Cecilia Jamasmie | July 23, 2014
UN opens up deep sea for mining, issues seven new licences

State-owned and private companies from the UK, Germany, India, Brazil, Singapore and Russia are among those to benefit from the seabed regulator’s decision.

BHP Billiton wants bigger share of the iron ore market

Cecilia Jamasmie | July 23, 2014
BHP Billiton wants bigger share of the iron ore market

BHP’s major vote of confidence in iron ore proves the company trusts it can mine the bulk commodity for less than many rival producers, and thrive even in an environment of weakening prices.

Anglo American iron ore division earnings fall, but beat estimates

Cecilia Jamasmie | July 22, 2014
Anglo American iron ore division earnings fall, but beat estimates

Anglo's unit Kumba plans to almost double production by 2030.

Joy Global picks Meridium to optimize asset performance and equipment reliability

Joy Global | July 22, 2014
4

Joy Global will use the Meridium tools to predict and prevent asset failures and enhance maintenance strategies.

Vale sees iron ore prices coming back to historical levels

Cecilia Jamasmie | July 17, 2014
Vale sees iron ore prices coming back to historical levels

CEO Murilo Ferreira thinks the ore may get close to 2011’s peak of $168 a ton.

Pilbara expansion boosts Rio Tinto iron ore output

Cecilia Jamasmie | July 16, 2014
Pilbara expansion boosts Rio Tinto iron ore output

The world’s second-largest mining company’s produced 139.5 million metric tons of iron ore in the six months through June, while its shipments rose 20% to 142.4 million tons.

2014 commodities halftime report

What a difference six months can make.

Slow growth spoiling China’s appetite for coal

Cecilia Jamasmie | July 14, 2014
Slow growth spoiling China’s appetite for coal

In the first half of 2014, the country’s coal imports grew just 0.9%, compared with 13.3% a year earlier.

Cecilia Jamasmie

BHP sell-off could undo Billiton historic deal

Cecilia Jamasmie | July 13, 2014
BHP sell-off could undo Billiton historic deal

As BHP considers the sale of almost all of the businesses that Billiton brought to the 2001 merger deal, experts say the firm is likely to end up leaving London.

South African metal workers 'to escalate' strike

Cecilia Jamasmie | July 13, 2014
South African metal workers 'to escalate' strike

The National Union of Metalworkers in South Africa (NUMSA) has rejected the latest offer because it didn't include a double-digit wage increase for all three years.

Africa’s largest iron ore miner hit hard by weak prices

Cecilia Jamasmie | July 11, 2014
Africa’s largest iron ore miner hit hard by weak prices

While final results will be released on July 22, Kumba Iron Ore expects first-half profit to slide by as much as 19%.

Pilbara visit shows Japan vital to Aussie mining

Jeffrey Richmond | July 10, 2014
pilbara visit shows japan vital to future aussie mining feat

Follows signing of FTA seen as major opportunity for Australian miners.

JSW Steel raises iron ore imports to six mln tonnes in a year

Reuters | July 9, 2014

JSW Steel, led by billionaire Sajjan Jindal and India's third-largest maker of the alloy, will import 6 million tonnes of iron ore this fiscal year compared with no shipments a year earlier due to production cutbacks at home.

Australia’s big three miners to regain control of iron ore sector

Cecilia Jamasmie | July 9, 2014
Australia’s big three miners to regain control of iron ore sector

Billionaire Andrew Forrest, who made his fortune as the driving force behind Fortescue, says high cost competitors will exit the market shortly.

Eric Coffin of HRA Advisories

There's something happening here

There's something happening here feat

The leading edge is starting to arrive.

Iron Ore prices are less important than you think

The Motley Fool | July 8, 2014

Iron ore prices have sagged recently. The commodity is trading almost 30% lower than at the first of the year, but it doesn't matter that much.

BHP hikes iron ore supply to oust China rivals

Jeffrey Richmond | July 4, 2014
bhp hikes iron ore supply to oust china rivals feat

Production ramp-up comes despite price plunge earlier this year.

BHP may cut more iron ore jobs

Jeffrey Richmond | July 2, 2014
bhp may cut more iron ore jobs feat

Firm says no connection with iron ore price.

Labrador Iron Mines halts operations on weak ore prices, high costs

Cecilia Jamasmie | July 2, 2014
Labrador Iron Mines halts operations on weak ore prices, high costs

The firm said it has already put in place savings initiatives in various areas including mining equipment rates, rail car leasing rates and corporate and administration costs.

Australia losing 75,000 mining jobs in next two years

Cecilia Jamasmie | July 2, 2014
Australia losing up to 75,000 mining jobs in next two years

Cuts will occur because the sector is switching from the job-heavy construction stage to the operational phase, which requires fewer workers.

Vale may leave ICMM over Rio Tinto lawsuit: WSJ

Michael Allan McCrae | July 1, 2014
Blasted furnaces: Chinese steelmakers can't be more bearish

Bad blood over Simandou.

Frik Els

Australia billionaire mutual admiration society reaches new heights

Frik Els | June 30, 2014
Australia billionaire mutual admiration society reaches new heights

Mining innovation. What could be controversial about that?

Iron ore price: It's all about grade now

Frik Els | June 30, 2014
Iron ore price: It's all about grade now

Domestic supply can't be cut much further and Chinese steelmakers are demanding deeper discounts for lower grade imports.

Rio Tinto ‘happy’ with iron ore exposure, bullish on China

Cecilia Jamasmie | June 30, 2014
Rio Tinto ‘happy’ with iron ore exposure, bullish on China

Diversifying the business away from iron ore is not in Rio Tinto's cards.

Frik Els

Chinese M&A: Watch out for Las Bambas effect

Frik Els | June 29, 2014
Copper M&A: Watch out for Las Bambas effect

China's 'Order 9' makes it much easier for domestic companies to make acquisitions abroad.

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