Iron Ore News

Iron ore mining, investment and price news

One more reason iron ore price won't stray too far from $120

Frik Els | April 18, 2014
One more reason iron ore price won't stray far from $120

Beijing's strategy to consolidate the domestic iron ore industry under six to eight large miners has been met with skepticism.

China, Japan and ‘mystery local billionaire’ potential developers of Oakajee project

Cecilia Jamasmie | April 17, 2014
China, Japan and ‘mistery local billionaire’ potential developers of Oakajee project

While the WA government is favours Chinese capitals, Australian junior Padbury Mining says it has secured $6.5 billion to take over the project, but refuses to reveal backer's name.

Guinea government to strip Vale, BSGR of all Simandou rights

Cecilia Jamasmie | April 17, 2014
Guinea government to strip Vale, BSGR of all Simandou rights

The West African nation is ready to withdraw the mining permits held by VBG, a company run by BSGR and Vale.

Fortescue misses expectations, vows to step up output to meet target

Cecilia Jamasmie | April 16, 2014
Fortescue Metals misses expectations, vows to step up output to meet target

Australia's third biggest iron ore miner won’t give up on its full year export target of 127 million tonnes.

Chile’s main iron-ore producer to invest $650 million this year

Cecilia Jamasmie | April 16, 2014
Chile’s main iron-ore producer to invest $650 million this year

The biggest chunk of the investment will be allocated to CAP's Cerro Negro Norte operation in the country's north.

Brazil’s iron miners risk losing market share to Australian competitors

Cecilia Jamasmie | April 16, 2014
Brazil’s iron miners risk losing market share to Australian competitors

Brazil's mining sector is expected to see slower average growth rates through 2018 compared with previous years, a report by Business Monitor shows.

BHP at full throttle

Frik Els | April 15, 2014
BHP at full throttle

Operational update shows record production achieved for four commodities and at 10 operations.

Brazil’s Vale gets $2.8bn for iron ore expansions

Cecilia Jamasmie | April 15, 2014
Brazil’s Vale gets $2.8bn for iron ore expansions

Loan will help the miner improve its railway network and build a new mining and processing unit in Para state

Cecilia Jamasmie

Rio Tinto iron ore output hit by bad weather in Australia, Canada

Cecilia Jamasmie | April 15, 2014
Rio Tinto iron ore output hit by bad weather in Australia, Canada

Production of the steel-making material, however, increased by 16%, which means the miner is on track to meet its full-year target.

Rio Tinto iron ore output falls short

Frik Els | April 14, 2014
Rio Tinto iron ore output falls short

But copper production shoots up 17% in first quarter.

UPDATE: The Ore Wars after the Flash Crash

Frik Els | April 13, 2014
UPDATE: The Ore Wars after the Flash Crash

The 8% one-day drop in the iron ore price in March was the result of a new dynamic in the market: panicked selling by traders using ore as loan collateral.

Gundlach on Chinese economic growth: 'How about a minus 7?'

Frik Els | April 13, 2014
Gundlach on Chinese economic growth: 'How about a minus 7?'

Founder and chief investment officer of $49 billion DoubleLine Capital may be a huge China bear, but he likes gold.

BHP can't do for coking coal prices what it did for iron ore

Frik Els | April 13, 2014
BHP can't do for coking coal prices what it did for iron ore

BHP is losing big money on its push for a coking coal spot market.

Brazil Batista engaged in insider trading: report

Cecilia Jamasmie | April 11, 2014
Brazil Batista engaged in insider trading: report

The country's securities regulator, known as CVM, has found Batista waited 10 months to disclose that four oil fields were not commercially viable.

Former JPMorgan commodities chief under federal probe

Cecilia Jamasmie | April 11, 2014
Former JPMorgan commodities chief under federal probe

The probe was opened following a settlement with regulators that alleged JPMorgan manipulated power markets in the Midwest and California.

Copper, iron ore imports defy China weakness

Frik Els | April 10, 2014
Copper, iron ore imports defy China weakness

China's iron ore imports jump 21% to 74 million tonnes while copper imports surge 31%.

Maritime piracy shifts to Atlantic, Southeast Asia

Frik Els | April 10, 2014
Maritime piracy shifts to Atlantic, Southeast Asia

Of the 70 pirate attacks so far this year, 53 have been in the waters off Southeast Asia and West Africa and some 50 crew remain in captivity.

Signs of Chinese import surge lifts iron ore price to 6-week high

Frik Els | April 9, 2014
UPDATE: The Ore Wars after the Flash Crash

Iron ore is honing in on the $120 a tonne-level, long considered an industry price floor.

Report: Guinea will strip Vale, BSGR of all Simandou rights

Frik Els | April 9, 2014
Report: BSGR, Vale should be stripped of Simandou rights

Brazilian giant acquired the interest in Simandou from diamond tycoon Beny Steinmetz's mining arm BSGR for $2.5 billion in 2010.

Moly Mines plunges as suspension from ASX trading looms

Cecilia Jamasmie | April 9, 2014
Copper, iron ore miners take huge hits

The stock fell almost 26% in Sydney after the company announced it expects be suspended from trading later this month.

Iron ore price tracks higher as Chinese finance deals unravel

Frik Els | April 8, 2014
Iron ore price recovery continues as Chinese finance deals unravel

Iron ore is up 12% from lows sparked by panicked selling from Chinese traders and mills using stockpiles for trade credit.

Frank Holmes - U.S. Global Investors

Four areas revved up for a resource boom

revved up mining

A diversified selection of commodity stocks is key.

Ebola outbreak in Guinea forces miners to lock down operations

Cecilia Jamasmie | April 3, 2014
Ebola outbreak in Guinea forces miners to lock down operations

Brazilian iron ore giant Vale has removed its six international employees and put its local workers on leave.

The how and when of Chinese stimulus

Frik Els | April 1, 2014
The how and when of Chinese stimulus

Don't hold your breath.

Frik Els

BHP spin-off plans met with skepticism

Frik Els | April 1, 2014
BHP spin-off plans met with skepticism

Especially the mooted $19 billion valuation.

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

Cecilia Jamasmie | April 1, 2014
Former mining CEO accused of stealing $7 million to fund luxury lifestyle

Aaron Thomas sued for using company money to buy a $171,000 engagement ring and breast implants for his Brazilian fiancée and splurging $91,000 on a Las Vegas party, among others lavish indulgences.

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