Iron Ore News

Iron ore mining, investment and price news

IMAGE GALLERY: Gorgeous satellite photos of mining and shipping

Michael Allan McCrae | October 20, 2014
images tab google chrome earth mines two

Warning, the extension looks great but it is not conducive to productivity.

Mining investment in Kazakhstan to reach $30bn by 2017

Cecilia Jamasmie | October 20, 2014
Mining investment in Kazakhstan to reach $30bn by 2017

The country is fine-tuning details of a new mining law that will make it easier for foreigners to tap the nation’s riches.

Supreme Court-appointed panel raps Jindals, 13 other firms for flouting mining rules

DNA India | October 19, 2014

The central empowered committee (CEC), constituted by the Supreme Court, has called the relationship between Sharda Mines (P) Ltd (SMPL) and Jindal Steel and Power Ltd (JSPL) unholy and illegal.

Cliffs the newest victim of iron ore price slump: to take $6bn charge

Cecilia Jamasmie | October 17, 2014
Cliffs the newest victim of iron ore price slump: to take $6bn charge

The miner said the move was driven by its revised pricing outlook and adverse market conditions.

Frik Els

New projects need $90-$100 iron ore – UBS

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

Big three successfully defending their oligopoly says new report.

Ebola strikes down West African iron ore company

Frik Els | October 16, 2014
London Mining shares ‘worthless’ due to funding fears

Bankrupt London Mining's Marampa mine in Sierra Leone hit by iron ore price falls, slow ramp up and viral outbreak.

Iron ore price crushed again

Frik Els | October 16, 2014
Iron ore price crushed again

Those calling a market bottom after Monday's surge and Chinese import gains may have been premature.

Brazil’s iron ore giant MMX seeks bankruptcy protection

Cecilia Jamasmie | October 16, 2014
Brazil’s iron ore giant MMX seeks bankruptcy protection

Ex-billionaire Eike Batista’s main mining unit became the third of his companies to file for bankruptcy protection in a year.

BHP bows to pressure, to list spinoff in London

Cecilia Jamasmie | October 16, 2014
BHP bows to pressure, to list spinoff in London

The mining giant has made a sharp U-turn on its initial decision to snub a London listing for its $17 billion spinoff.

BlackRock blames Ebola for London Mining mess

Frik Els | October 15, 2014
Guinea on national emergency over Ebola, mining operations threatened

And the rapid fall in the iron ore price, the Sierra Leone miner's dispute with Glencore and the slow rampup. But especially Ebola.

China's inland mills could be in market for 300mt seaborne iron ore

Frik Els | October 15, 2014
China's inland mills could be in market for 300mt seaborne iron ore

New research shows inland Chinese steel mills pay a 35% premium over seaborne benchmark with 210mt of steel capacity potentially looking for alternatives.

Mick Davis has now almost $5 billion to build new mining empire

Cecilia Jamasmie | October 15, 2014
Mick Davis has now almost $5 billion to build new mining empire

The former Xstrata boss' new venture, X2 Resources, is "currently reviewing a number of opportunities in the metals and mining sector."

Australia, Brazil to control 90% of global iron ore trade by 2020

Cecilia Jamasmie | October 15, 2014
Australia, Brazil to control 90% of global iron ore trade by 2020

Despite iron ore prices touching rock bottom, the top three producers have no plans to slowdown production. Quite the contrary.

South Africa considers declaring certain minerals as strategic

Reuters | October 14, 2014

Under the bill, such minerals "will be sold for production costs excluding transportation. That is the mine-gate price.

JSW Steel close to acquiring London Mining

Andrew Topf | October 12, 2014
Takeover 333

JSW Steel has almost clinched a deal that would see India's third-largest steel company acquire embattled London Mining (LON:LOND), sources close to the negotiations revealed on Friday.

Valemax finally allowed at Chinese port

Cecilia Jamasmie | October 10, 2014
Valemax finally allowed at Chinese port

The mega-ship Shandong Da Ren docked at Dongjiakou port in Qingdao, eastern China, on Oct. 2.

Glencore considered Australia listing: report

Cecilia Jamasmie | October 9, 2014
Glencore considered Australia listing: report

The commodities trader and miner explored a stock-exchange listing Down Under.

Iron ore war: Rio Tinto ‘not standing still’ over BHP’s production boost

Cecilia Jamasmie | October 9, 2014
Iron ore war: Rio Tinto ‘not standing still’ over BHP’s production boost

The head of the iron ore division, Andrew Harding, defens Rio's own plans to ramp up ore production.

Cutifani says tough decisions needed to restore credibility

Cecilia Jamasmie | October 8, 2014
Cutifani says tough decisions needed to restore credibility

Anglo's chief warned the company plans to take severe measures over the next two years.

Glencore doesn't give up on Rio Tinto, seeks to create largest mining company

New York Times | October 8, 2014

It’s good to be Ivan Glasenberg’s neighbour.

London Mining shares ‘worthless’ due to funding fears

Cecilia Jamasmie | October 8, 2014
London Mining shares ‘worthless’ due to funding fears

The iron ore miner warned Wednesday that its shares now had "little or no value."

Travis McPherson - CEO.ca

Glasenberg’s Glencore going big with potential $160 billion Rio Tinto bid

Travis McPherson - CEO.ca | October 7, 2014

According to preliminary reports today from Bloomberg, Glencore (GLEN:LN) which is the fourth largest mining company by market capitalization is entertaining the idea of merging with iron-ore juggernaut Rio Tinto which would create the world’s largest mining company in a +$160 billion deal.

Queensland wants coal waste to be dumped onshore, not near reef

Cecilia Jamasmie | October 7, 2014
Queensland wants coal waste to be dumped onshore, not near reef

The state government submitted an application to the federal government for 3mn m³ of dredging material to be disposed on land.

Port Hedland's iron ore shipments to China fall in Sept

Cecilia Jamasmie | October 7, 2014
Port Hedland's iron ore shipments to China fall in Sept

But with BHP Billiton's announced production boost the port is likely to recover quickly.

'No discussion taking place with Glencore': Rio Tinto

Michael Allan McCrae | October 6, 2014
lundin mining rio tinto eagle mine two

Preferring to "successfully execute" alone.

Rio Tinto faces day of defiance by thousands of workers

IndustriALL Global Union | October 6, 2014
Rio Tinto faces day of defiance by thousands of workers

Mining giant Rio Tinto will face protests around the world on Oct. 7, in a coordinated day of defiance by thousands of its employees.

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