The 70 million tonne-a-year project in the Pilbara is meant to replace other Yandicoogina’s areas that are running out of ore.
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’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's unit Kumba plans to almost double production by 2030.
Joy Global will use the Meridium tools to predict and prevent asset failures and enhance maintenance strategies.
CEO Murilo Ferreira thinks the ore may get close to 2011’s peak of $168 a ton.
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.
What a difference six months can make.
In the first half of 2014, the country’s coal imports grew just 0.9%, compared with 13.3% a year earlier.
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.
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.
While final results will be released on July 22, Kumba Iron Ore expects first-half profit to slide by as much as 19%.
Follows signing of FTA seen as major opportunity for Australian miners.
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.
Billionaire Andrew Forrest, who made his fortune as the driving force behind Fortescue, says high cost competitors will exit the market shortly.
The leading edge is starting to arrive.
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.
Production ramp-up comes despite price plunge earlier this year.
Firm says no connection with iron ore price.
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.
Cuts will occur because the sector is switching from the job-heavy construction stage to the operational phase, which requires fewer workers.
Bad blood over Simandou.
Mining innovation. What could be controversial about that?
Domestic supply can't be cut much further and Chinese steelmakers are demanding deeper discounts for lower grade imports.
Diversifying the business away from iron ore is not in Rio Tinto's cards.
China's 'Order 9' makes it much easier for domestic companies to make acquisitions abroad.
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