Iron Ore News

Iron ore mining, investment and price news

Iron ore price surges 6%

Frik Els | July 29, 2015
Iron ore price surges 6%

Steel prices up on rumours Beijing has ordered deep production cuts at steelmakers as far away as 500km from Chinese capital ahead of massive military parade.

Nautilus Minerals: Vessel dewatering plant detailed design contract awarded

Nautilus Minerals Inc. | July 29, 2015
Nautilus

Nautilus Minerals Inc. announces that contract for the detailed design of the Solwara 1 dewatering plant to be used on the Company’s Production Support Vessel has been awarded to the Brisbane office of the DRA Group.

About 30,000 fresh job cuts, more mine closures expected in Australia

Cecilia Jamasmie | July 29, 2015
About 30,000 fresh job cuts, more mine closures expected in Australia

A fresh survey of mining industry leaders is predicting more mine closures and job cuts as the prices of commodities like iron ore and coal decline.

China planning to step up controls on coal imports — report

Cecilia Jamasmie | July 28, 2015
China planning to step up controls on coal imports — report

As 85% of Chinese thermal coal producers and 35% of miners focused on the metallurgical kind are now running at a loss.

Anglo American to axe 53,000 jobs, put 15 assets up for sale

Cecilia Jamasmie | July 24, 2015
Anglo American to axe 53,000 jobs, put 15 assets up for sale

“It is a pretty tough market,” said Chief Executive Mark Cutifani, “and in all likelihood the next six months are going to be even tougher.”

US mining policy and global competitiveness

National Mining Association | July 24, 2015
Seven familiar names shortlisted to head Anglo American

Mark Fellows, director of metals consulting at SNL Metals & Mining, explains why permitting delays happen, what they’re costing our economy and how to fix it.

Mining firms should act now to stay ahead of local content rules

Achilles | July 24, 2015
Mining firms should act now to stay ahead of local content rules

Global miners could be at risk of losing valuable exploration and operating licences unless they step up their efforts to award work to suppliers in the locality of contracts.

Vale adds to iron ore supply glut — second highest ever quarterly output

Cecilia Jamasmie | July 23, 2015
Vale adds to iron ore supply glut — second highest ever quarterly output

The world’s largest iron ore producer continued to flood the market despite a current oversupply that has sent prices for the commodity plummeting to historic lows.

Iron ore prices hit by fresh evidence of looming surplus

Cecilia Jamasmie | July 22, 2015
Iron ore prices hit by fresh evidence of looming surplus

Seaborne with 62% content delivered to Qingdao dropped 0.7% to $51.76 a ton, its sharpest drop in two weeks.

Mining giants’ push for iron ore tests mettle of smaller miners

Wall Street Journal Online | July 22, 2015

As industry giants such as Rio Tinto PLC and BHP Billiton Ltd. dig up ever more of the steelmaking ingredient for export, the resulting supply glut has caused prices to slump.

BHP Billiton beats iron ore guidance, takes copper write-downs

Cecilia Jamasmie | July 22, 2015
BHP Billiton beats iron ore guidance, takes copper write-downs

The world's No.1 miner will continue boosting its iron ore output, adding to a global glut and keeping pressure on prices.

Kumba grapples with double whammy

Business Report | July 21, 2015

Kumba Iron Ore’s board has put a halt to paying a dividend in the half year to June and has moved to overhaul its operations as it grapples with a double whammy of tumbling iron ore prices and rising costs.

Salman Partners economist calls bottom in copper

The Gold Report | July 20, 2015
bottom salman

Not a typical cycle.

Anglo American to write down up to $4bn on weak commodity prices

Cecilia Jamasmie | July 16, 2015
Anglo American to write down up to $4bn on weak commodity prices

This would be second multi-billion dollar impairment charge Anglo takes this year on its coal and iron ore assets.

Planetary Resources' first spacecraft begins testing asteroid prospecting technology

Cecilia Jamasmie | July 16, 2015
Planetary Resources' first spacecraft begins testing asteroid prospecting technology

The Arkyd 3 Reflight (A3R) will spent its three-month orbiting mission sending back data to a group of scientists based at the firm’s headquarters in Redmond, WA.

Shrinking Chinese steel market will drag down iron ore price

Frik Els | July 15, 2015
Soft steel market will drag down iron ore price

The price of iron ore is holding above $50 for now, but a contraction in Chinese steel output will see producers increasingly fight for market share.

What was it like, Dad?

Brent Cook | July 15, 2015

We lost nearly everyone on that journey which began so optimistically—and naively.

Anglo American likely to cut dividend amid commodities collapse

Cecilia Jamasmie | July 15, 2015
Anglo American likely to cut dividend amid commodities collapse

It would be the first time since 2009 that Anglo has to cut dividends.

Gwen Preston - Resource Maven

Little left to lose

Perhaps. But when a sector is so downtrodden that it barely shrugs at major global economic events, there is little left to lose.

BHP Billiton to take a $2.8 billion write-down on US assets

Cecilia Jamasmie | July 15, 2015
BHP Billiton to take a $2.8 billion write-down on US assets

With this impairment BHP will have written down its oil and gas business by more than $4 billion since 2011.

Only permanent supply cuts can lift metal prices

Frik Els | July 14, 2015
Permanent supply cuts needed to lift metal prices

The availability of cheap money has seen boards postpone hard decisions about uneconomic capacity says Macquarie in new report.

Visual Capitalist

INFOGRAPHIC: Data shows investing is heavily biased by Geography

Visual Capitalist | July 14, 2015
Data shows investing is heavily biased by Geography - percentage map

For investors, there’s no place like home. Data shows that investors are heavily sector-biased based on where they live.

Iron ore price builds on gains

Frik Els | July 10, 2015
Iron ore price builds on gains

13% in two days.

Iron ore price rockets 9.5%

Frik Els | July 9, 2015
Iron ore price rockets 9.5%

Beijing restores confidence.

Cecilia Jamasmie

Iron ore prices: the worst is yet to come

Cecilia Jamasmie | July 9, 2015
Iron ore prices: the worst is yet to come

Despite the rosy outlook from Australia’s top iron ore producers, they are all facing staggering demand from their biggest customer — China.

Iron ore nose-dives, hits fresh lows of $44.6 per tonne

Cecilia Jamasmie | July 8, 2015
Iron ore nose-dives, hits fresh 6 year low

Chinese import price for 62% iron content fines at the port of Qinqdao lost $5.01 or 10.01% of its value to $44.59 a tonne, the largest percentage drop on record.

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