Iron Ore News

Iron ore mining, investment and price news

Baffinland Iron Ore begins mining in Canada’s Nunavut

Cecilia Jamasmie | September 22, 2014
Baffinland mine begins mining iron ore in Canada’s Nunavut

The ore mined will be shipped during the open water season of 2015.

Positive drill results from Howse deposit

Canadian Mining Journal | September 18, 2014

The drill results from the Howse iron ore deposit near Schefferville, QC, are positive with grades in the 65% range. The deposit is the target of a $5-million exploration program mounted by joint venture partners Labrador Iron Mines and Tata Steel.

What will Ivan buy next? Take 2

Frik Els | September 18, 2014
What will Ivan buy next? Take 2

"All that's required is to hand the world’s best mining assets to the world’s best management."

Australia govt forecast: Iron ore price below $100 for 5 years

Frik Els | September 17, 2014
Australia govt forecast: Iron ore price below $100 for 5 years

Iron ore will recover to above $90 a tonne over the medium term, but dips to low $70s not ruled out.

Iron ore rally turning into dead cat bounce

Frik Els | September 16, 2014
Iron ore rally turning into dead cat bounce

After 4% surge on Monday, benchmark prices resume slide.

Frik Els

What will Ivan buy next?

Frik Els | September 15, 2014
What will Ivan buy next?

A GlenTinto is not as far-fetched as it sounds.

Iron ore price in stunning turnaround

Frik Els | September 15, 2014
Iron ore price in stunning turnaround

Up nearly 4% on Monday; rallying after weeks of intense selling.

Frik Els

$8bn mining private equity needs to be spent. And soon

Frik Els | September 14, 2014
$8bn mining private equity needs to be spent. And soon

Countercyclical investors sitting on $8 billion unspent funds have been waiting for clear signs of a market bottom. The wait may well be over.

South Africa’s mining output at lowest in over 18 months

Cecilia Jamasmie | September 11, 2014
South Africa’s mining output at lowest in over 18 months

Platinum and gold sectors among the worst performers due to labour strikes that cripple the industry early this year.

Case against 26-year old mining CEO accused of stealing $7m to fund luxury lifestyle dropped

Cecilia Jamasmie | September 11, 2014
Case against 26-year old mining CEO accused of stealing $7m to fund luxury lifestyle dropped

His lawyers told MINING.com the parties reached a confidential agreement.

Ex-FBI boss hired by trust heading BSGR to run internal probe

Cecilia Jamasmie | September 11, 2014
Ex-FBI boss hired by trust heading BSGR to run internal probe

The internal probe is reportedly focused on claims that BSGR bribed Guinean officials to get lucrative rights over Simandou.

These are the top risks miners face

Cecilia Jamasmie | September 11, 2014
These are the top risks miners face these days

Productivity, followed by capital decisions and obtaining a social license to operate, are among the top risks global mining and metals companies face.

Iron ore price bears come out in force

Frik Els | September 10, 2014
Iron ore price bears come out in force

2014 is the "inflection point" and "until mines close it's a world of $70 prices of iron ore."

Frik Els

How the India-China trade summit could rock iron ore

Frik Els | September 8, 2014
How the India-China trade summit could rock iron ore

Reviving the China-India ore trade which peaked at 120mtpa in 2009 could be part of a grand bargain when Modi and Xi meet for the first time in New Delhi.

INFOGRAPHIC: Geosynthetics — an $18 billion market

Cecilia Jamasmie | September 8, 2014
INFOGRAPHIC: Geosynthetics — an $18 billion market

First international conference about geosynthetics in mining begins Monday.

Anglo American chief not going for any major corporate split

Cecilia Jamasmie | September 7, 2014
Anglo American chief not going for any major corporate split

A big corporate break-up à la BHP Billiton is definitively not in his books, he told FT.com.

Australia’s exploration spending down the slippery slope

Cecilia Jamasmie | September 7, 2014
Australia’s exploration spending down the slippery slope

The figure recently hit a seven-year low, rising concerns over how these cost-cutting measures may delay the country’s next generation of mines.

Iron ore price hits unwelcome 5-year-low

Cecilia Jamasmie | September 4, 2014
Iron ore price hits unwelcome 5-year-low

After flirting with a five-year low for about a month, the iron ore price fell to the lowest price since October 2009.

About $50bn in mining investment expected in Guinea by 2025

Cecilia Jamasmie | September 4, 2014
About $50bn in mining investment expected in Guinea by 2025

But some of the nation's resources that are considered among the world’s largest, such as the Simandou iron ore deposit, face both financial and political challenges.

Frik Els

Glasenberg pooh-poohs Anglo takeover

Frik Els | September 3, 2014
Glasenberg pooh-poohs Anglo takeover

There's a history there of course. Just ask Mick Davis.

Glencore’s Dominican mine saved by the President

Cecilia Jamasmie | September 3, 2014
Glencore’s Dominican mine saved by the President

President Danilo Medina vetoed bill creating a National Park, which would have blocked the expansion of Glencore's Falcondo mine.

Australia kills unpopular mining tax

Cecilia Jamasmie | September 3, 2014
Australia kills mining tax

The decision is considered a key political victory for Prime Minister Tony Abbott.

Rare earth, other mining projects pile up in northern Europe

Cecilia Jamasmie | September 3, 2014
Rare earth, other mining projects pile up in northern Europe

Vast stretches of northern Europe’s wilderness will soon host more mining companies going ahead with several projects in the area.

Will Canadian regulators be able to avoid the final fatal crash of the TSX Venture Exchange?

Dr. Volkmar Hable | September 2, 2014

The last 3 years have seen a meltdown in the TSX-V share values that brought it right back to where it started almost 10 years ago.

Cecilia Jamasmie

China’s antitrust crackdown threatens BHP demerger

Cecilia Jamasmie | September 2, 2014
China’s antitrust crackdown threatens BHP demerger

Following a meeting with BHP’s China boss, Beijing issued a statement saying it believed that “BHP and other iron ore suppliers should avoid abusing dominant market positions."

Rinehart's Roy Hill starts owner-operator mining

Frik Els | September 1, 2014
What a $200m mine camp looks like

When Australia's richest person launched the ambitious $10 billion, 55m tonnes a year project iron ore was trading at more than $130 a tonne.

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