Iron Ore News

Iron ore mining, investment and price news

Life hasn’t come back to Canada’s mining sector just yet — report

Cecilia Jamasmie | May 28, 2015
Life hasn’t come back to Canada’s mining sector just yet — report

Mining equities didn’t fare very well in Ernst & Young's most recent Canadian Mining Eye report.

INFOGRAPHIC: Lunar gold rush — How moon mining could work

911Metallurgist | May 28, 2015

Across history, human development has relied upon the finite resources available on Earth. But the moon – a seemingly barren rock – may actually be a treasure trove of rare resources vital to Earth’s future.

Iron ore tycoon Gina Rinehart loses $3.8bn legal battle

Cecilia Jamasmie | May 28, 2015
Iron ore tycoon Gina Rinehart loses $3.8bn legal battle

She lost control of the family trust, which holds almost 25% of iron ore miner Hancock Prospecting.

No point in top iron ore miners cutting supply: Goldman

Cecilia Jamasmie | May 27, 2015
No point in top iron ore miners cutting supply: Goldman

Goldman expects the iron ore "war of attrition" will continue while prices gradually decline toward its $40 per metric ton forecast by 2017.

Chile’s Codelco sues Vale, Brazilian Department of Mines over exploration license

Cecilia Jamasmie | May 26, 2015
brazil-carajas

After spending over US$3.3 million in exploration and development of the Liberdade copper project, Codelco is facing Vale's claims that it has an older and still valid licence for the property.

Fortescue shares skyrocket on Chinese investment rumours

Cecilia Jamasmie | May 26, 2015
Fortescue shares skyrocket on Chinese investment rumours

The stock surged over 15% in early trade, closing at A$2.40, or 10.6% up, after reports of Chinese-linked companies seeking permission to invest in the iron ore producer.

Africa's natural resources must carry more local value-added – Cristina Duarte, Candidate for President of the African Development Bank (AfDB)

Practical ideas, actions and proposals aimed at fostering Africa's Development.

US Congress passes bill on space mining

Cecilia Jamasmie | May 22, 2015
US Congress passes bill on space mining

Welcome to the future.

Can the mining industry diversify itself?

The mining industry is said to be one of the worst performers in matters of gender diversity. In fact, women represent only 16% of the workforce in the mining sector.

Digging deep to unearth success in mining ventures

QUTthumb

Researchers from QUT's Australian Centre for Entrepreneurship Research (ACE) investigated more than 1000 joint ventures in the Australian mining industry to uncover why some succeed and others fail.

Australia ditches iron ore probe after lobby, China-Brazil supply deal

Cecilia Jamasmie | May 21, 2015
Australia ditches iron ore probe after lobby, China-Brazil supply deal

The China-Brazil deal means that in just three years Vale will be producing more than BHP Billiton and Rio Tinto combined.

Australian miners warned not to ignore ties between Latin America, Asia

Field Public Relations | May 20, 2015
australian-miners-warned-not-to-ignore-latin-america-asia

The increasing engagement of Latin America with Asia may potentially be at the expense of Australia’s traditional sense of right to be a major Asian player, expert says.

Mitsui mulls expanding into food, drugs sectors to offset profit drop

Cecilia Jamasmie | May 20, 2015
Mitsui mulls expanding into food, drugs sector to offset profit drop

The firm created a new division in April to evaluate deals in those areas, and in the past six months has made mining infrastructure-related investments in the U.S. and Africa.

Iron ore is not in oversupply

Frik Els | May 19, 2015
Iron ore is not in oversupply

Only lower grade fines are oversupplied shows new research report.

Peruvian discovery may hold ‘hidden pool’ of rare earths

Cecilia Jamasmie | May 19, 2015
Peruvian discovery may hold ‘hidden pool’ of rare earths

Capacscaya also has significant amounts of copper, zinc, cobalt, aluminum and iron ore.

Global gold, copper, iron ore output down in Q1 — report

Cecilia Jamasmie | May 19, 2015
Global gold, copper, iron ore output down in Q1 — report

Much of the overall decline in reported gold output was due to a significant quarter-on-quarter production declines from AngloGold Ashanti, Goldcorp, and Sibanye Gold.

BHP chief says inquiry into Aussie iron ore market a ‘ridiculous waste’

Cecilia Jamasmie | May 19, 2015
BHP chief says inquiry into Aussie iron ore market a ‘ridiculous waste’

Andrew Mackenzie also warned the proposed would damage the Australia’s economy and shift investment to main foreign competitor Brazil.

S. Africa chamber of mines refutes Govt. data, says members meet black ownership targets

Cecilia Jamasmie | May 15, 2015
S. Africa chamber of mines refutes Govt. data, says members meet black ownership targets

Saying that just over 20% of miners had met the black economic empowerment criteria is to tun a blind eye to the progress members have made so far, claims the ming group.

Australia’s Prime Minister Abbott backs iron ore probe into BHP, Rio

Cecilia Jamasmie | May 15, 2015
Australia’s Prime Minister Abbott backs iron ore probe into BHP, Rio

Inquiry comes amid claims the mining giants are driving prices down, severely damaging the country's economy .

Eric Coffin – pinpoints the mining companies with resources that are right for today's market

The Gold Report | May 14, 2015
Reports review mining

In this interview with The Gold Report, he suggests some companies with resources that not only make sense but could make even more sense to larger companies.

Nautilus Minerals named to 2015 OTCQX Best 50

Nautilus Minerals Inc. | May 14, 2015

Nautilus Minerals Inc. is pleased to announce it has been named to the 2015 OTCQX® Best 50, a ranking of 50 top performing companies traded on the OTCQX Best Marketplace last year.

Gwen Preston - Resource Maven

Meet management. They matter most.

Mining markets are at a bottom. That much is clear.

Sign of the times: Western Australia selling $4.1bn in assets as mining revenue drops

Cecilia Jamasmie | May 14, 2015
Sign of the times: Western Australia selling $4.1bn in assets as mining revenue drops

The sell-off includes the state's largest general cargo port, Fremantle.

Giving up on iron ore best option for Anglo American — Investec

Cecilia Jamasmie | May 13, 2015
Giving up on iron ore best option for Anglo American — Investec

The bank says Anglo could use the funds it gets for dividends and to invest in its much stronger sectors, copper and diamonds.

Glencore CEO says rivals pushing mining sector into confidence crisis

Cecilia Jamasmie | May 12, 2015
Glencore CEO says rivals pushing mining sector into confidence crisis

Ivan Glasenberg has once again slammed his competitors, who he accuses of damaging the credibility of the mining industry.

This is how BHP plans to be the world’s lowest-cost iron ore miner

Cecilia Jamasmie | May 12, 2015
This is how BHP plans to be the world’s lowest-cost iron ore miner

CEO Andrew Mackenzie announced the firm would cut capital and exploration expenditure to $9 billion in the 2016 financial year from $12.6 billion in 2015.

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