Iron Ore News

Iron ore mining, investment and price news

BHP Iron Ore: OK already, we'll stop expanding

Frik Els | November 20, 2014
Iron ore price stabilizes: BHP, Rio, analysts say fall 'temporary'

CEO Andrew Mackenzie tells shareholders while output is still increasing at no. 3 producer, it's been three years since new spending was approved.

Rinehart children's Roy Hill lawsuit to be fought in public

Frik Els | November 20, 2014
Details of Rinehart childrens' Roy Hill ownership lawsuit to be made public

Billionaire iron ore tycoon Gina Rinehart loses fight to keep secret court proceedings in family dispute over ownership of Roy Hill and Hope Downs iron ore mines.

Iron ore price enters freefall

Frik Els | November 19, 2014
Iron ore price enters freefall

Iron ore price down more than 7% over two sessions to just above $70 as supply swamps China just as steel consumption falls for the first time in 14 years.

Australia FTA with China: shift from mining to dining

HSBC Bank | November 19, 2014
Australia FTA with China: shift from mining to dining

Deal should help bolster Australia's already strong links to Asia and the ongoing 'rebalancing' of the nation's growth towards the non-mining sectors.

Parent company liability for foreign subsidiary’s actions – alarming new trend?

A recent lawsuit in British Columbia is the latest example of an emerging trend in which plaintiffs are seeking to hold parent companies liable in negligence in relation to the actions of their foreign subsidiaries.

Cliffs mulls closing Bloom Lake iron ore mine for lack of buyers

Cecilia Jamasmie | November 19, 2014
Cliffs mulls closing Bloom Lake iron ore mine for lack of buyers

Closing the mine will cost $650 million to $700 million over the next five years.

Michael Torrance - Norton Rose Fulbright

What you need to know about the Canadian government's corporate social responsibility initiative

corporate social responsibility mining norton rose

Being eligible for “enhanced Government of Canada economic diplomacy.”

Iron ore price crashes 4%

Frik Els | November 18, 2014
Iron ore price crashes 4%

Drops to June 2009 levels on the way to $70 a tonne after Chinese house prices fall for sixth month in a row.

Adani lines up $1bn for Australia’s Carmichael coal complex

Cecilia Jamasmie | November 18, 2014
Adani lines up $1bn for Australia’s Carmichael coal complex

The mine and rail project in Queensland's Galilee Basin is expected produce 60 million tonnes of thermal coal a year.

Batista's new ventures: dog cloning, impotence pills, breath freshener

Frik Els | November 17, 2014
Batista's new ventures: dog cloning, impotence pills, breath freshener

Disgraced Brazilian tycoon on trial for insider trading has signed development deals with a South Korean pharmaceutical company and a dog cloning scientist.

Vale iron ore chief abandons ship amid price crisis

Cecilia Jamasmie | November 17, 2014
Vale iron ore chief abandons ship amid price crisis

The world's largest iron ore producer said the new division head will focus on increasing efficiencies.

Rio Tinto, Sinosteel extend Australian iron ore joint venture

Cecilia Jamasmie | November 17, 2014
Rio Tinto, Sinosteel extend Australian iron ore joint venture

The partnership dates back to 1987, in the early stages of the development of the Chinese steel industry.

BHP abandons Venus nickel project in Australia

Cecilia Jamasmie | November 14, 2014
BHP abandons Venus nickel project in Australia

The news comes barely a day after the miner announced it was scrapping the sale of its Nickel West division.

INFOGRAPHIC: a new vision for the mining company of the future

Visual Capitalist | November 13, 2014
Cat Uphill Battle

Mining companies today face a complexity of problems: spiraling costs, government intervention, deepening pits, lower ore grades, lack of community trust, and declining productivity are just some of the issues.

Iron ore price gains after summit

Frik Els | November 13, 2014
Iron ore price gains after summit

Chinese steel mills restart production but ore demand remains modest.

Canadian miners performance down 15% in Q3 on falling metal prices

Cecilia Jamasmie | November 13, 2014
Canadian miners performance down 15% in Q3 on falling metal prices

Decline was in line with S&P/TSX Composite index, which also plummeted 15% during the quarter.

New research finds manufacturing execs concerned with access to U.S. mineral supply

National Mining Association | November 13, 2014

The survey revealed significant concern among business leaders that current mining policy presents a challenge to their supply chain and that reform is necessary.

Century reports completion of 2014 Sunny Lake DSO drilling program and positive initial assay results

Century Iron Mines Corporation | November 13, 2014

Century Iron Mines Corporation (“Century” or the “Company”) is pleased to announce positive assay results for the first two batches of samples from its 2014 drilling program (the “Drilling Program”) at the Sunny Lake Properties, which are located about 50 kilometres northwest of Schefferville, Québec.

CHART: Mining capital crisis continues

Frik Els | November 12, 2014
CHART: Mining capital crisis continues

To keep the lights on 30% of juniors need to raise money within six months, 59% within a year new survey shows.

For mining equipment markets worldwide: the worst may be over

Parker Bay Mining | November 12, 2014
Collapse of equipment makers adds fresh evidence the mining boom is over

After two and a half years in decline, the mining equipment market turned up slightly in the third quarter.

Fortescue to BHP, Rio: Don't hurt our relationship with China

Frik Els | November 12, 2014
Fortescue to BHP, Rio: Don't hurt our relationship with China

Twiggy says BHP and Rio threaten Australia's relationship with Beijing by bankrupting Chinese iron ore producers. China's steelmakers may disagree.

With the ongoing global skills shortage within mining is it time to get the job seeker's perspective?

Worldwide Recruitment Solutions | November 12, 2014
local workers

A global survey of over 5,300 job seekers sheds some light on the issues in the war for talent which the Mining sector continues to face.

What slowdown? Mining equipment market to grow 8.4% a year

Frik Els | November 11, 2014
What slowdown? Mining equipment market to grow 8.4% a year

Mining equipment market to grow at compound annual rate of 8.42% to $134 billion through 2019 surpassing the market for construction equipment.

Frank Holmes' advice to investors? Chill

The Gold Report | November 11, 2014
Photo of the big mine truck and dredge

Find out about the indicators Holmes watches to read the market's pulse, and why a +/- 35% move for gold doesn't keep him awake at night.

Rinehart's children launch Roy Hill ownership suit

Frik Els | November 11, 2014
Rinehart's children launch Roy Hill ownership suit

In new federal suit, estranged children seeks greater share of Gina Rinehart's most prized assets – Hope Downs and $10 billion Roy Hill iron ore mines.

Weak oil price, currencies helping miners stay afloat

Frik Els | November 11, 2014

A simple rule of thumb is that price changes have a two-to-one impact on the bottom line, while cost changes have a one-to-one impact.

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