Iron Ore News

Iron ore mining, investment and price news

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INFOGRAPHIC: Magnetite is the future of iron ore

MINING.com Editor | June 19, 2013
Magnetite

An important emerging source of the world’s iron.

Brazil’s president unveils new mining law

Cecilia Jamasmie | June 19, 2013
Brazil’s president unveils new mining law

Reforms include proposal to potentially double mining royalties to 4%.

Seven Australian companies to survive a metals market correction

The Metals Report | June 18, 2013

Analyst Andrew Richards believes his country's resource sector has turned a corner.

Iron ore price extends 6% rally as China mulls relaxing import rules

Frik Els | June 18, 2013
Iron ore price extends 6% rally as China mulls relaxing import rules

The proposed end to the licensing system marks something of retreat for Beijing which has made many attempts to wrest control over pricing away from the major producers.

VIDEO: Guinea's fight for its iron ore billions

Frik Els | June 18, 2013
Guinea's fight for its iron ore billions

One of the greatest prizes in all of mining, perhaps the world, is the iron mountains of Simandou in Guinea, half of which was given away by a former dictator of the West African nation for free.

Rio Tinto very close to selling Iron Ore of Canada: report

Cecilia Jamasmie | June 18, 2013
Rio Tinto very close to selling Iron Ore of Canada: report

China Minmetals Corp confirmed Tuesday it is considering a bid.

JP Morgan urges more positive view of mining stocks

Anthony Halley | June 18, 2013
mafia_rich_couple_finance

Unfortunately the optimism does not extend to mining services stocks.

Resurgent Aussie dollar gives huge boost to Brazil, South Africa iron ore exporters

Frik Els | June 17, 2013
Resurgent Aussie dollar gives huge boost to Brazilian, South African iron ore exporters

While the real and rand continues to weaken significantly, the Australian dollar is staging an impressive comeback and dealing damage to Rio Tinto and BHP.

Rio Tinto raises US$3 billion in bond issue

Michael Allan McCrae | June 15, 2013
rio tinto bond 3 billion

Bookrunners are BNP Paribas Securities Corp., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Credit Suisse (USA) LLC and RBS Securities Inc.

Miners’ new trilogy: flat revenues, profit drop and weak share prices

Cecilia Jamasmie | June 14, 2013
Miners’ new trilogy: flat revenues, profit drop and weak share prices

Report shows mining companies are not longer trusted on their abilities to control costs, deliver on promises and cope with resource nationalization demands.

Mitsubishi puts Australian iron ore project on hold

Cecilia Jamasmie | June 14, 2013
Mitsubishi puts Australian iron ore project on hold

It failed to find an investment partner.

Back from holidays, Chinese traders chase iron ore higher

Frik Els | June 13, 2013
Back from holidays, Chinese traders chase iron ore higher

After a three day break, Chinese traders make the most of soft iron ore prices to replenish inventories that remain more than 20% lower than a year ago.

Access to capital the top current challenge for the mining sector: Ernst & Young

Cecilia Jamasmie | June 13, 2013
Access to capital the top current challenge for the mining sector: Ernst & Young

The report also says junior miners will continue to be cash strapped for at least another year, as the global mining industry slows down.

Ring of Fire ambitions on hold for Cliffs Natural Resources

Ana Komnenic | June 12, 2013
Chromite project on hold for Cliffs Natural Resources

Cliffs Natural Resources suspends its chromite project while it negotiates with government.

'Complex' Simandou production date put in doubt

Frik Els | June 12, 2013
Simandou production date put in doubt

Guinea says the massive iron ore project will miss first production set for 2015.

Anglo American forges ahead with $8.8 billion Brazil project despite huge overruns

Anthony Halley | June 12, 2013
Anglo Minas Rio

"We still believe in a world where iron ore can be profitable at a cost of 50 dollars per ton.”

Brazilian mining giant urges Australia’s miners to recognise reforms

International Mining | June 12, 2013

Structural reforms being put in place enhance international investment appeal.

Asteroid mining firm hires former White House officer

Cecilia Jamasmie | June 11, 2013
Asteroid mining firm hires former White House officer

Peter Marquez, former director of space policy under US Presidents George W. Bush and Barack Obama, is Planetary Resources’s new vice president for global engagement.

Jack Caldwell

Judgment in tailings management

Jack Caldwell | June 10, 2013

On the simple pleasures and coming to a deeply-informed judgment in civil engineering.

UPDATE: Court win for Israeli billionaire in fight over $50 billion African mining prize

Frik Els | June 10, 2013
Court win for Israeli billionaire in fight over $50 billion African mining prize

Beny Steinmetz scores legal victory amid corruption probe into the sale of Guinea's Simandou iron ore licence.

The disappearing net worth of Australian mining moguls

Anthony Halley | June 10, 2013
desperation_sadness600

"Western Australia is arguably close to experiencing recession-like conditions."

Anglo American CEO selling the $49 million corporate jet

Anthony Halley | June 9, 2013
Gulfstream

The Gulfstream G550 is on the way out.

The last time Shanghai rebar traded this low iron ore was at $87

Frik Els | June 6, 2013
The last time Shanghai rebar traded this low iron ore was at $87

Steel yourself: 91% of Asia's steelmakers believe prices wil fall further from today's record lows.

Australian pub bans mining workwear: fighting down, business booming

Anthony Halley | June 6, 2013
beats up

"It was getting to the stage where it was absolutely ridiculous."

Iron ore mine faces fresh charges of risking Tasmanian devils

Cecilia Jamasmie | June 6, 2013
Iron ore mine faces fresh charges of risking Tasmanian devils

Mining in the region would imperil the survival of the only robust Tasmanian devil population still left in the wild.

West African countries discuss mining law alignment

Kerry Hall | June 5, 2013
Freetown, Sierra Leone

Officials from Sierra Leone, Ivory Coast, Guinea and Liberia are meeting in London this week.

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