Iron Ore News

Iron ore mining, investment and price news

Australia cuts iron price forecast 33% on 'structural change'

Frik Els | December 22, 2014
Australia cuts iron price forecast 33% on 'structural change'

The severity of the slide in iron ore prices appears to have caught even the top exporting country's Department of Industry by surprise.

UK data watchdog hands defeat to Steinmetz over request to quell Simandou mining deal critics

Cecilia Jamasmie | December 22, 2014
UK data watchdog hands defeat to Steinmetz over request to quell Simandou mining deal critics

Steinmetz and three BSGR directors argued that Global Witness had obtained personal information about them without authorization and wanted it to be forced to reveal what specific data it held.

Judge turns down Vale bid to dismiss Rio Tinto lawsuit in U.S.

Cecilia Jamasmie | December 18, 2014
Judge turns down Vale bid to dismiss Rio Tinto lawsuit in U.S.

The court said Vale had failed to convince him to dismiss the case in which it is accused of conspiring to steal Rio's rights for part of iron ore reserve potentially worth billions.

Mining stocks rally across the board

Frik Els | December 18, 2014
Mining stocks rally across the board

Huge advances in all sectors from potash and uranium to copper and gold led by a 10% surge in diversified Canadian heavyweight Teck Resources.

India joins iron ore output surge

Frik Els | December 17, 2014
India joins iron ore output surge

State-owned iron ore miner NMDC to triple production to 100 million tonnes per year by the end of the decade.

Iron ore hits new low after weakest China imports in 16 years

Frik Els | December 17, 2014
New iron ore price low after weakest China imports in 16 years

Benchmark iron ore price drops to fresh five-and-a-half-year low after November Chinese imports fall for the first time since 1998.

Be bold and seek the sizzle, says VSA Capital's Paul Renken

The Mining Report | December 16, 2014
mining open pit

He seeks the "sizzle," or the narrative, in mining equities because the sizzle moves the story.

Deep-sea mining pioneer now hunts for resources in space

Cecilia Jamasmie | December 16, 2014
Deep-sea mining pioneer now hunts for resources in space

Julian Malnic, the founder of world's first deep-sea miner Nautilus Minerals has joined the board of Deep Space Industries.

Iron ore price slides again

Frik Els | December 15, 2014
Iron ore price slides again

BHP says iron ore won't see triple digits again while Roubini says prepare for a price in the $50s next year.

Australia sees iron ore at $60 as commodities hit budget

Bloomberg | December 15, 2014

Australia estimates iron ore will trade at about $60 a metric ton as the biggest slump in the nation’s terms of trade since records began more than 50 years ago deepens the budget deficit.

South Africa may sell iron ore, BHP stakes worth $3bn

Frik Els | December 13, 2014
South Africa may sell iron ore and BHP shares worth $3bn

The country needs funds to keep the lights on, but buyers may be hard to come by.

PIC OF THE DAY: Gina Rinehart is an oil painting

Frik Els | December 12, 2014
PICTURE OF THE DAY: Gina Rinehart is an oil painting

The larger than life queen of coal and iron ore and her favourite daughter sit down for a feast.

A big boys game: BHP ships 1bn tonnes iron ore to China

Frik Els | December 11, 2014
BHP ships one billionth tonne iron ore to China

BHP's first ore left Port Hedland in 1973, but 900m tonnes where shipped just over the last 12 years.

Visual Capitalist

INFOGRAPHIC: video – a vision of the mining company of the future

Visual Capitalist | December 11, 2014

The video outlines a new framework being developed called the Development Partner Framework.

BHP moves away from iron ore to focus on new darling: copper

Cecilia Jamasmie | December 11, 2014
BHP moves way from iron ore to focus on new darling: copper

Forget iron ore for now, the world’s largest mining company is making a bold bet on copper.

Fourth Batista company goes bankrupt

Frik Els | December 10, 2014
Fourth Batista company goes bankrupt

Disgraced Brazilian tycoon once held 90% of power utility worth $3.2 billion just three years ago.

Confronting the potential extinction of a Canadian institution

CEO.CA | December 10, 2014
stock market mining prices

To a packed crowd in Vancouver yesterday, veteran junior resource analyst John Kaiser gave a presentation hosted by AME BC entitled, Confronting the Potential Extinction of a Canadian Institution.

Glencore’s Glasenberg slams top iron ore producers once again

Cecilia Jamasmie | December 10, 2014
Glencore’s Glasenberg slams top iron producers once again

In his first investor day since buying Xstrata last year, Glencore’s boss highlighted his company’s spread of commodities and took aim at the expansion strategies of Rio Tinto and BHP Billiton.

Anglo American struggling to meet targets, mulls coal assets sale

Cecilia Jamasmie | December 9, 2014
Anglo American struggling to meet targets, mulls coal assets sale

Anglo’s boss Mark Cutifani says company needs to find an extra $2 billion of earnings before interest and tax to meet the return on capital target set for 2015.

Swedish iron ore miner Northland Resources goes bankrupt

Cecilia Jamasmie | December 8, 2014
Swedish iron ore miner Northland Resources goes bankrupt

Affected by anemic iron ore prices, the Swedish firm joins an increasing number of miners that have fallen by the wayside.

Forget ‘NewCo’: BHP Billiton spin-off named South32

Cecilia Jamasmie | December 8, 2014
Forget ‘NewCo’: BHP Billiton spin-off named South 32

The waiting game is over. BHP Billiton has named its Perth-based spin-off company, appointing Graham Kerr as its chief executive.

260+ million tonnes of iron ore discovered in Uganda

Andrew Topf | December 8, 2014
Mining Truck

Uganda may become a more important player in the African iron ore market, after a recent geological survey revealed much bigger deposits of the steel-making ingredient than found during colonial mappings.

Vale may settle Simandou lawsuit

Frik Els | December 5, 2014
Vale may settle Simandou lawsuit

Rio Tinto is suing Vale for billions over allegations the Brazilian giant and its former partner illegally acquired the West African iron ore deposit, one of the richest prizes in all of mining.

Vale to sell 15% of its $3bn Mozambique coal project to Mitsui

Cecilia Jamasmie | December 5, 2014
Vale to sell 15% of its $3bn Mozambique coal project to Mitsui

The miner confirmed Friday it is in talks “with a potential investor,” but did not name its counterpart.

China’s rising: best investment vehicle to make money from it

Daily Gains Letter | December 5, 2014
car_china_auto_vehicle copy

While China is struggling with its gross domestic product (GDP) growth metrics, the country’s main stock market—the Shanghai Composite Index (SCI)—is easily outperforming the S&P 500 and NASDAQ.

Walsh: My 'amazing' Rio turnaround 'will be a Harvard case study'

Frik Els | December 5, 2014
Sam Walsh: My Rio turnaround 'will be a Harvard case study'

Rio Tinto CEO credentialing ahead of another round with "combative" Ivan Glasenberg.

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