Iron Ore News

Iron ore mining, investment and price news

Iron ore price rallies again

Frik Els | August 28, 2015
Iron ore price rallies again

A more than 4% jump on Friday erases week's losses and brings gains since July low to 28%.

Power shortages, cost cuts to hit Congo’s copper output

Cecilia Jamasmie | August 28, 2015
Power shortages, cost cuts to hit Congo’s copper output

With the only exception of gold, production numbers for most other commodities mined in the Central African nation are also expected to decline this year.

Frik Els

Iron ore still in a bull market. What does it say about China?

Frik Els | August 26, 2015
Iron ore is still in a bull market

No commodity is more exposed to China and the iron ore price is up 20% from its 2015 low. Has the steelmaking raw material become a leading indicator?

Jim Rogers: Commodity bull market hasn't gone away

Frik Els | August 26, 2015
Jim Rogers: Commodity bull market hasn't gone away

Commodity investing legend says the Chinese market is on its way to "finding a good bottom."

Canada, Australia, US, Chile and Mexico, the top destinations for mining investors

Cecilia Jamasmie | August 25, 2015
Canada, Australia, US, Chile and Mexico, the top destinations for mining investors

Despite current adverse conditions, advisory firm Behre Dolbear is recommending mining stakeholders to focus on markets that have been able to ride the wave relatively well so far.

BHP Billiton posts worst profit in over 10 years

Cecilia Jamasmie | August 25, 2015
BHP Billiton posts worst profit in over 10 years

As prices for the company's four key "pillar" commodities —iron ore, metallurgical coal, copper and oil and gas — have all dropped to multi-year lows in the past 12 months.

Frik Els

CHART: Stop panicking about China and mining

Frik Els | August 24, 2015
GRAPH: Stop panicking about China and mining

We're not in 2008 – plotting global economic growth against commodity prices shows metals and mining sell-off is disconnected from realities on the ground.

Canadian mining stocks outperform metals prices

Frik Els | August 24, 2015
Canadian mining stocks outperform metals prices

Canadian junior and mid-tier mining companies also raised 62% more capital in the second quarter than in 2014.

South32 survives mining sector slump, to cut $350m in costs until 2018

Cecilia Jamasmie | August 24, 2015
South32 survives mining sector slump, to cut $350m in costs until 2018

The company said is not keen on Rio Tinto's thermal coal assets, currently up for sale.

Frik Els

Mining private equity is being fundamentally transformed

Frik Els | August 23, 2015
Mining private equity is being fundamentally transformed

Appian Capital founder Michael Scherb: "You're now seeing the same changes in mining that happened in oil and gas which is now heavily supported by PE"

Iron ore’s giants expanding clout as sales to China expand

Bloomberg | August 21, 2015

In the global iron ore market, the world’s two biggest exporters are expanding sales into the top customer, winning a greater share of trade as prices tumble.

Visual Capitalist

INFOGRAPHIC – On the precipice: Will global markets follow commodities off the cliff?

Visual Capitalist | August 21, 2015
INFOGRAPHIC - On the precipice - graph

Today may be the end of this trend of divergence. US equities are at a precipice: fueled by low rates and quantitative easing for years, they have finally started to tumble from record highs.

Forget slower growth, worry about Chinese GDP contraction

Frik Els | August 20, 2015
Forget slower growth, worry about Chinese GDP contraction

Chinese rail freight tonnage – a key indicator for economic activity and the commodities trade – has plunged by 10.2% this year.

New landscape for BC mining environmental reviews

Canada must open mining to First Nations to remain competitive— study

First Nation support for resource projects has become increasingly important to their success.

Decision in Rio Tinto’s case against Vale over Simandou imminent— report

Cecilia Jamasmie | August 19, 2015
Decision in Rio Tinto’s case against Vale over Simandou imminent— report

New York court must decide by September whether or not it accepts Vale and BSGR request to dismiss the lawsuit that claims they conspired to steal Rio's rights over the asset.

Kalgoorlie takes hit after mining tenement numbers collapse

ABC News | August 19, 2015

Hundreds of thousands of dollars of infrastructure projects have been put on hold in Western Australia's mining heartland.

Glencore stock getting hammered as China slowdown, commodities rout hit profit

Cecilia Jamasmie | August 19, 2015
Glencore stock getting hammered as China slowdown hits profit

The world's leading commodity trader stock slumped to a record low Wednesday after it revealed it swung to a steep first-half loss of $676 million.

Vale ordered to halt production at giant Amazon nickel mine

Frik Els | August 14, 2015
Vale ordered to halt production at giant Amazon nickel mine

Judge also orders compensation for indigenous people in the region following protests at mine responsible for 9% of Brazilian giant's nickel output.

India picks worst time to resume iron ore mining — analysts

Cecilia Jamasmie | August 14, 2015
India picks worst time to resume iron ore mining — analysts

India's private iron ore producers are likley to suffer the effects of high costs, low prices and a poor export market.

Glencore sells stakes in three assets, gets only $290 million

Cecilia Jamasmie | August 14, 2015
Glencore sells stakes in three assets, gets only $290m

Investors weren't happy with the news. The stock dropped to record lows Friday, becoming the top loser on FTSE 350 mining index.

Is Glencore about to dump $16 billion of stockpiles?

Frik Els | August 13, 2015
Glencore may have to dump $16 billion of stockpiles

JP Morgan Cazenove says Swiss commodity trading giant has to start off-loading inventory to slash its $48 billion debt pile and keep its credit rating.

BHP Billiton: Celebrating 130 years of history

BHP Billiton | August 13, 2015
bhp billiton 333

BHP Billiton is today celebrating the 130 year anniversary of the incorporation of BHP and its significant contribution to the Australian economy and society for more than a century.

Huge blasts at Chinese port disrupts iron ore, oil shipments

Cecilia Jamasmie | August 13, 2015
Huge blasts at Chinese port disrupts iron ore, oil shipments

Two huge explosions at the port of Tianjin, the world's 10th largest, have killed at least 50 people and devastated the area.

Iron ore price rally safe from yuan devaluation

Frik Els | August 12, 2015
Yuan devaluation won't impact iron ore price

High cost domestic Chinese iron ore mines will stay shut, boosting already surging imports.

China's surprise currency move is more bad news for Canadian commodities

Business in Vancouver | August 11, 2015
Canadian miners performance down 15% in Q3 on falling metal prices

Stock markets in Canada and the United States fell sharply on the news that China had allowed the yuan to drop 2%.

Antarctica may hold the key to regulating mining in space

io9.com | August 10, 2015
It’s getting warm in Antarctica, but mining still a pipe dream

As we turn our eyes to the skies, we should also look south to gain some insight into governance matters in outer space.

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