Iron Ore News

Iron ore mining, investment and price news

Iron ore prices approaching 5-year low

Cecilia Jamasmie | August 29, 2014
Iron ore prices hit lowest in five years

Monthly loss up to 8.4%

Glencore’s Dominican mine in limbo after national park plan approved

Cecilia Jamasmie | August 29, 2014
Glencore’s Dominican mine in limbo after national park plan approved

The country’s legislators approved this week a ruling that declares the region surrounding the mine a national park, affecting Glencore's ability to expand it.

CHART: Copper price could follow iron ore over a cliff

Frik Els | August 28, 2014
CHART: Copper price poised to follow iron ore over a cliff

Iron ore is down 34% this year over China fears, soft demand and surging supply. The copper market is equally exposed, but has so far defied fundamentals.

Less than 2% of Peru’s total mining concessions are active

Cecilia Jamasmie | August 28, 2014
Less than 2% of Peru’s total mining concessions are active

Around 15,000 of the total 55,000 licences in effect risk fines and even losing all privileges over the land.

Western Australia puts around $2bn in state-owned assets on chopping block

Cecilia Jamasmie | August 28, 2014
Western Australia puts around $2bn in state-owned assets on chopping block

The iron ore-rich state is the latest of Australia's debt-laden regional governments to announce a selloff of state-owned infrastructure.

Iron ore falls again, hits fresh two-year low

Cecilia Jamasmie | August 27, 2014
Iron ore falls again, hits fresh two-year low

If the steel-making material loses another $2 a tonne, it will be the lowest since October 2009.

Chinese investment to make Peru world’s second-largest copper producer

Cecilia Jamasmie | August 27, 2014
Chinese investment to make Peru world’s second-largest copper producer

Chinese backers are now behind one-third of all Peru’s new mining investments by value.

Cecilia Jamasmie

Largest iron ore miners smashing Chinese competitors

Cecilia Jamasmie | August 27, 2014
Largest iron ore miners smashing Chinese competitors

There’s a death match among iron ore producers, with the big Australian miners and Brazil's Vale increasing pressure on their high-cost Chinese rivals.

Iron ore price drops to 2-year low

Frik Els | August 26, 2014
Iron ore drops to 2-year low

Spot falls to $88.90 a tonne as iron ore price suffers weakest quarter since 2009.

Australian mining mogul apologizes to China over 'mongrels' remarks

Cecilia Jamasmie | August 26, 2014
Australian mining mogul apologizes to China over 'mongrels' remarks

In a letter to China's ambassador to Australia, Clive Palmer expressed regret for "any insult to the Chinese people caused by any of the language" he used.

Report: Worst is surely over for explorers

Frik Els | August 25, 2014
Report: Worst is surely over for explorers

Capital raising for exploration up more than 32%.

New $15bn coal mine in Australia to hire over 5,000 workers

Cecilia Jamasmie | August 25, 2014
New $15bn coal mine in Australia to hire over 5,000 workers

And that's only during the construction phase.

Cliffs Natural Resources up on $200m buyback plan

Cecilia Jamasmie | August 25, 2014
Cliffs Natural Resources up on $200m buyback plan

The new repurchase program will remain active until Dec. 31, 2015.

Here is how Australia spent its mining boom bonanza

Cecilia Jamasmie | August 25, 2014
This is what Australia did with its mining boom bonanza

Economists say the mining boom increased Australian living standards substantially.

Busy times ahead: global mining deals on their way up

Cecilia Jamasmie | August 24, 2014
Busy times ahead: global mining deals on their way up

Gold assets among favourites.

Tasmanian mining industry looks to future after closures, falling prices: ABC

MINING.com Editor | August 24, 2014
Tasmanian mining

Anxiety rising in the region.

Brazil’s iron ore giant MMX to sell off 300,00 tonnes of stockpile

Cecilia Jamasmie | August 21, 2014
Brazil’s iron ore giant MMX to sell off 300,00 tonnes of stockpile

The news comes only a day after MMX announced it was temporarily halting operations at its only producing mine.

Vale secures key licence for flagship iron ore mine expansion

Cecilia Jamasmie | August 21, 2014
Vale secures key licence for flagship iron ore mine expansion

The project is considered vital for Vale as the miner has been losing market share to Rio Tinto and BHP Biliton.

London Mining says Ebola now impacting output, costs

Frik Els | August 21, 2014
London Mining says Ebola now impacting output, costs

Company lowers production guidance at Marampa mine in Sierra Leone as outbreak impacts supply chain and ramp up.

Glasenberg: 'Supercycle ain't over' – demand 'higher than it’s ever been'

Frik Els | August 20, 2014
Glasenberg: 'Supercycle ain't over' - demand 'higher than it’s ever been'

Glencore CEO Ivan Glasenberg strikes positive note after announcing jump in profits, output and better trading conditions at Swiss commodities giant.

Brazil’s iron ore giant MMX to file for bankruptcy

Cecilia Jamasmie | August 19, 2014
Brazil’s iron ore giant MMX to file for bankruptcy

Shares in the company fell by almost 8% on the news, hitting an all-time low.

Potash prices, oversupply scaring potential Jansen partners: BHP

Cecilia Jamasmie | August 19, 2014
Potash prices, oversupply scaring potential Jansen partners: BHP

Chief Executive Officer Andrew Mackenzie said the project ramains in BHP's main plans, but added the firm is not in a rush to develop it.

Cecilia Jamasmie

Aussie mining tycoon Palmer's aversion to China just went a bit too far

Cecilia Jamasmie | August 19, 2014
Aussie mining tycoon Palmer's aversion to China just got a bit too far

Clive Palmer has come under fire for labelling the Chinese government “mongrels” and “bastards” on national television.

BHP demerger news crashes company website

Frik Els | August 19, 2014
BHP demerger news crashes company website

"The server is busy now. Try again later"

BHP shares hammered on demerger, profit miss

Frik Els | August 19, 2014
BHP shares hammered on demerger, profit miss

World's number one miner hopes to save $3.6 billion spinning off aluminium, coal, manganese, nickel and silver assets into new company.

Cecilia Jamasmie

Demerged BHP may not hold on to coal assets for long: analysts

Cecilia Jamasmie | August 18, 2014
Demerged BHP may not hold on to coal assets for long: analysts

The division contributed just $746 million of the $21.12 billion earnings BHP reported for the 2013 financial year.

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