Iron Ore News

Iron ore mining, investment and price news

The bottom is falling out of the iron ore price

Frik Els | January 26, 2015
The bottom is falling out of iron ore price

Down 4% to fresh five-and-half year low.

Cliffs Natural removes quarterly dividend to repay debt

Cecilia Jamasmie | January 26, 2015
Cliffs Natural removes quarterly dividend to repay debt

It also said it has reduced its net debt balance by more than $400 million.

Mining stocks fall as copper, iron ore price reach new lows

Frik Els | January 24, 2015
Mining stocks fall as copper, iron ore price reach new lows

Heavy selling across the board as commodities reach fresh multi-year lows, forecasts are slashed and weakness returns to precious metals.

Anglo American mulls sale of more coal mines in Australia

Cecilia Jamasmie | January 23, 2015
Anglo American mulls sale of more coal mines in Australia

The operations that may be added to the list of assets for sale are Dawson and Foxleigh, in Queensland.

Anglo hit by platinum, iron ore units lower earnings outlooks

Cecilia Jamasmie | January 23, 2015
Anglo hit by platinum, iron ore units lower earnings outlooks

The miner shed over 3.7% after two of its business divisions — Amplats and Kumba — warned they expected full-year earnings to shrink more than previously flagged.

World Bank: Commodities falling like it's 1985

Frik Els | January 23, 2015
World Bank: Commodities falling like it's 1985

Organization predicts a rare occurrence in 2015: a decline in all nine commodity indices with industrial metals falling another 5%; precious metals down 3%.

Peruvian rare earth discovery richer than initially thought

Cecilia Jamasmie | January 22, 2015
Peruvian rare earth discovery richer than initially thought

Geology consultants leading the project found the rare earth claim has the highest range of rare earth metals in Peru.

Global mining sector ended 2014 on a disappointing note: report

Cecilia Jamasmie | January 21, 2015
Global mining sector ended 2014 on a disappointing note: report

December is a period that sees lower levels of exploration and resource announcements, and last month was every bit as disappointing as expected, an SNL report shows.

China’s alleged intentions to mine Antarctica spark global debate

Cecilia Jamasmie | January 21, 2015
China’s alleged intentions to mine Antarctica spark global debate

New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.

BHP breaks production records, but copper output drops

Frik Els | January 21, 2015
BHP warns more cost cuts, management shake up before demerger

World number one miner BHP Billiton achieved record production for eight operations and five commodities over the last six months.

Glencore likely to slash spending on coal, oil — HSBC

Cecilia Jamasmie | January 20, 2015
Glencore likely to slash spending on coal, oil — HSBC

The global miner and commodities has estimated spending on oil projects for this year and next of $2 billion and $1 billion on coal expansions.

Rio Tinto digging up more iron ore despite slumping prices

Cecilia Jamasmie | January 20, 2015
Rio Tinto digging up more iron ore despite slumping prices

The world’s second largest iron ore miner is targeting a 18% output increase this year, adding to a mounting global glut that has driven down the commodity price.

ArcelorMittal sells its coal mines to Russia's National Fuel Company

Cecilia Jamasmie | January 19, 2015
ArcelorMittal sells its coal mines to Russia's National Fuel Company

The assets include the coal mines of Berezovskaya and Pervomaskaya, which together produce 700,000 tonnes of coal a year.

Iron ore price: Closing marginal producers not enough

Frik Els | January 16, 2015
Iron ore price: Closing marginal producers not enough

Next round of displacements will come from mines "that just 18 months ago could have been making $50/mt or more in cash margin" says new report.

Norton Rose Fulbright

Defending mineral tenure in Canada against foreign court orders

Norton Rose Fulbright | January 15, 2015
mining claim 333

A mineral exploration company faced an unusual situation recently, when Ontario mining officials enforced foreign orders against mining claims for which the company had recorded its interest.

These are the top 10 global mining trends for 2015

Cecilia Jamasmie | January 15, 2015
These are the top 10 global mining trends for 2015

Price volatility, geopolitical turmoil, rising costs, declining grades and a general lack of financing will make of 2015 another challenging year for the sector.

Adani's $15bn coal mine in Australia facing fresh legal challenges

Cecilia Jamasmie | January 15, 2015
Adani's $15bn coal mine in Australia facing fresh legal challenges

An environmental group is attempting to radically change the way mining projects are assessed with a court case involving Adani's controversial coal mining complex in Queensland.

‘Mick the Miner’ goes after Vale's nickel assets

Cecilia Jamasmie | January 14, 2015
‘Mick the Miner’ goes after Vale's nickel assets

The 56 year old who built Xstrata into one of the world’s biggest mining firms and then sold it to Glencore, is tipped to be on the verge of landing his first big fish.

CHARTS: Iron ore price won't withstand 2015 supply flood

Frik Els | January 9, 2015
CHARTS: Iron ore price won't withstand 151m new tonnes in 2015

Dozens of mines closed last year but another 175 million tonnes will have to drop out to neutralize 2015 output growth, which unlike copper is de-risked.

African miners to increase spending in 2015: survey

Cecilia Jamasmie | January 8, 2015
African miners to increase spending in 2015: survey

The report, based on responses from 108 buyers and decision-makers across 100 mines in 16 African countries, shows most plan to acquire equipment and maintenance services.

Canadian court hands victory to First Nations in lawsuit against Rio Tinto

Cecilia Jamasmie | January 8, 2015
Canadian court hands victory to First Nations in lawsuit against Rio Tinto

Quebec's highest court has refused to hear an appeal of a last year judgment that rejected a motion to dismiss the millionaire lawsuit against the miner's Iron Ore Co. of Canada (IOC).

India's rocketing iron ore imports

Frik Els | January 7, 2015
India's rocketing iron ore imports

Still minuscule compared to China, but the subcontinent is now a net importer compared to shipments of 120 million tonnes per year before.

Somalia ousts Chinese firm over alleged illegal mining

Cecilia Jamasmie | January 7, 2015
Somalia ousts Chinese firm over alleged illegal mining

The firm is also said to have of caused civil turmoil and tensions in the region after introducing armed militia to protect its illegal operation.

Buckley: China’s declining coal dependence Is evident in the data

The bottom line today is that the traditional nexus between real GDP growth, electricity expansion and coal demand is now broken.

Copper sector needs nine Escondida mines over next decade to meet global demand: Rio Tinto

Cecilia Jamasmie | January 7, 2015
Copper sector needs nine Escondida mines over next decade to meet global demand: Rio Tinto

The miner believes that while the market is oversupplied now it will tighten from 2018.

Most Canadian resource firms to grow their business in 2015: survey

Cecilia Jamasmie | January 6, 2015
Most Canadian resource firms to grow their business in 2015: survey

But only 34% plans to hire full-time employees and a further 20% is actually considering job cuts.

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