Iron Ore News

Iron ore mining, investment and price news

Big oil worse than big miners in overspending

Andrew Topf | March 29, 2015
oil_sands_dollar_derrick

A chart by the Wall Street Journal shows that capital expenditures by the big oil companies are exceeding cash flow at a higher rate than the major miners.

Vale CEO Murilo Ferreira to lead Petrobras

Cecilia Jamasmie | March 27, 2015
Vale: Iron ore price to improve second half of the year

Vale's Murilo Ferreira has been nominated as Petrobras' next board chairman, while the company still scrambles to deal with the fallout from a vast corruption scandal.

Chinese miners keep digging for iron ore despite most losing money

Cecilia Jamasmie | March 27, 2015
Chinese miners keep digging for iron ore despite most losing money

The situation, industry officials said Friday, can’t continue for much longer.

Iron ore price output caps called 'hare brained'

Frik Els | March 26, 2015
Iron ore price output caps called 'hare brained'

Rio's Sam Walsh says any scheme to artificially prop up prices hovering at six-year lows is "physically not going to work."

$60 billion for mining private equity a myth

Frik Els | March 26, 2015
$60 billion for mining private equity a myth

Looking for an exit or a lifeline? Look further says $8 billion fund manager.

Congo’s planned mining code changes 'too risky': miners

Cecilia Jamasmie | March 26, 2015
Congo’s planned mining code changes 'too risky': miners

The country's Chamber of Mines says the new code would send the mining industry back by at least 10 years.

Frik Els

Mining private equity: It's Davis or bust?

Frik Els | March 25, 2015
Mining private equity: It's Davis or bust?

Until Mick Davis pulls the trigger on X2's $5.6 billion, wishful thinking and unhealthy skepticism will pervade talk around private equity and mining.

Australia's regulator goes after Fortescue for demanding iron ore output cap

Cecilia Jamasmie | March 25, 2015
Australia's regulator goes after Fortescue for demanding iron ore output cap

The competition watchdog did not welcome chairman Andrew “Twiggy” Forrest call for rivals Rio, BHP and Vale to agree to cap production.

M. Stanley slashes metals outlook on 'dormant' China

Frik Els | March 24, 2015
M. Stanley slashes metals outlook on 'dormant' China

Investment bank cuts 2015 nickel price forecast by 19%, while copper price estimate is slashed as market moves into oversupply.

Rio Tinto, Alcoa step aside for Australia’s largest national park

Cecilia Jamasmie | March 24, 2015
Rio Tinto, Alcoa step aside for Australia’s largest national park

They'll hand back more than 175,000 hectares of prime conservation land they have held since 1971 to West Australia, ditching plans to build a bauxite mine and an alumina refinery in the area.

Cliffs sells Ontario’s Ring of Fire claims to Noront for $20 million

Cecilia Jamasmie | March 23, 2015
Cliffs sells Ontario’s Ring of Fire claims to Noront for $20M

The U.S. miner said the sale is part of a strategy to divest non-core assets and focus on supplying iron ore pellets to the North American steel industry.

South Africa woes cast doubt on BHP spin-off success

Cecilia Jamasmie | March 23, 2015
South Africa woes cast doubt on BHP spin-off South32 success

There are a number of challenges South32 is likely to face, including potential Black Economic Empowerment ownership concessions and power price hikes.

Why Goldman Sachs is wrong about commodity prices: Philip Richards

The Mining Report | March 18, 2015
Bulldozer in open-pit cooper mine

In this interview with The Mining Report, Richards discusses his outlook for oil, gold, vanadium, zinc and nickel, and profiles companies with projects that will see the light of day even in harsh price environments.

Iron ore mining in Goa may resume in two months

Cecilia Jamasmie | March 18, 2015
Iron ore mining in Goa may resume in two months

The move comes amid an ongoing collapse in commodity prices.

Miners woo communities with soccer fields, bull rings and guinea pigs to unlock US$25 billion in stalled projects

Bloomberg | March 18, 2015
happy-miner

From South America to Africa, mining companies are throwing all that and more at communities to quiet growing opposition to controversial projects.

Iron ore price claims another victim

Frik Els | March 17, 2015

Sweden's Dannemora stop production over liquidity problems.

April Simandou auction amid new low in iron ore price

Frik Els | March 17, 2015
April Simandou auction amid new low in iron ore price

Iron ore fell to a new 7-year low on Tuesday, but Guinea is pressing ahead with the auction of north Simandou, the richest undeveloped deposit in the world.

Coal, iron ore prices unlikely to rise until at least 2016

ABC News | March 17, 2015

Westpac’s chief economist says with demand out of China unclear coming into the New Year, and high volumes of iron ore being exported to the country, price volatility will continue.

Tommy Humphreys: An inside look: How mining titans like Giustra, Lundin, and Beaty are playing the downturn

Palisade Capital Corp | March 17, 2015
stock_market_shutterstock

Since Tommy regularly spends time with the sharpest minds of the natural resource sector (Lundin, Gisutra, Casey, etc.), we know how valuable his perspective is.

BHP's South32 spinoff to cost $738m

Frik Els | March 16, 2015
BHP spinoff could be worth $12 billion

Board proposes to give shareholders one share in the $12bn spin-off company for every BHP share owned, but the whole process comes with hefty fees.

Australian mining tycoon Rinehart makes a $3.2m bet on gold

Cecilia Jamasmie | March 16, 2015
Australian mining heiress Rinehart makes a $3.2m bet on gold

The country's richest woman has decided to back a junior miners' joint venture in Victoria.

National Association of Manufacturers’ survey sees positive outlook for manufacturers in 2015

info@mineralsmakelife.org | March 14, 2015
US manufacturing data sends gold higher

Manufacturing production should continue to accelerate, growing 3.0% over the next two quarters

North Korea digging ever deeper to keep its economy afloat

The Guardian | March 12, 2015
Largest known rare earth deposit discovered in North Korea

The sharp fall in global commodity prices is starting to have an impact on North Korea, economists say, hurting a state that relies heavily on exports of minerals to keep its economy afloat – and its gargantuan military funded.

The bottom is in. Venezuela restarts iron mine after 18 years

Frik Els | March 11, 2015
The bottom is in. Venezuela restarts iron mine after 18 years

OR NOT. As iron ore prices fall to 7-year lows struggling South American nation reopens 18 billion tonne Cerro Bolivar mine mothballed since 1997.

Dire Chinese steel outlook drops iron ore price to 7-year low

Frik Els | March 11, 2015
Dire Chinese steel outlook drops iron ore price to new low

Down 1.4% Wednesday to lowest since 2007 on Chinese forecast of peak steel production and contraction.

‘Stop complaining about a supply glut and take charge’ — BHP, Rio to small iron ore miners

Cecilia Jamasmie | March 10, 2015
‘Stop complaining about a supply glut and take charge’ — BHP, Rio to small iron ore miners

The world's two largest mining companies believe China's hunger for iron ore isn't about to fade, even as the price is touching new lows.

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