Iron Ore News

Iron ore mining, investment and price news

Denham Capital's Caroline Donally on private equity in mining

Frik Els | April 17, 2015
Denham Capital's Caroline Donally on private equity in mining

Director of $1bn fund discusses Denham's unique approach, the vibrant parts of the M&A market and what juniors should do to attract capital.

BHP, Rio face hard choices as ore woes set in

Herald Sun | April 17, 2015

Once the darlings of the local market, BHP Billiton and Rio Tinto now face a rocky road as investors accept the reality that lower iron ore prices will last for longer.

Rio Tinto claims it will ‘thrive’ on lower iron ore prices

Cecilia Jamasmie | April 17, 2015
Rio Tinto claims it will ‘thrive’ on lower iron ore prices

The miner defended his decision to boost production, which has led to sinking prices and threatens to put some competitors out of business.

Iron ore price back below $50 after Chinese property shock

Frik Els | April 15, 2015
china-building-construction-333

GDP slowdown was expected but China's property sector, responsible for half of steel demand, is in a tailspin as Q1 unsold inventory rises 24%.

Asteroid miner puts first demonstration spaceship in orbit

Cecilia Jamasmie | April 15, 2015
Asteroid miner puts first demonstration spaceship in orbit

The Arkyd 3 Reflight (A3R) will spent three month in orbit trying to identify subsystems to explore and prospect for valuable resources on asteroids.

Citi’s 'end of the Iron Age' note triggers waves of downgrades

Cecilia Jamasmie | April 14, 2015
Citi’s 'end of the Iron Age' note triggers stocks bloodbath, downgrades

The International Monetary Fund and Standard and Poor's, in turn, predict prices for the steelmaking material are set to fall even further.

Iron ore price surges on Chinese import growth

Frik Els | April 13, 2015
Iron ore price surges on Chinese import growth

Up 3.2% on Monday after commodity trade data surprise.

Cliffs puts more Canadian assets on the block

Andrew Topf | April 12, 2015
Cliffs Resources officially shutting Canadian Wabush Mines

Four months after shutting down its Bloom Lake iron ore mine as part of a plan to exit Eastern Canada amid low commodity prices, U.S. miner Cliffs Natural Resources (NYSE:CLF) is about to divest itself of more Canadian assets.

Atlas Iron shuts down production on low iron ore price

Andrew Topf | April 12, 2015
Atlas Iron to take a $900 million write-down

Atlas Iron is shutting down its operations due to low iron ore prices, the company announced on Friday.

Minnesota iron ore trust dissolves after 108 years

Frik Els | April 10, 2015
Minnesota iron ore trust dissolves after 108 years

After 700 million tonnes shipped, the Great Northern Iron Ore Properties trust set up by railroad baron James J Hill in 1906 was terminated this week.

Mick Davis first deal to land in Canada: report

Cecilia Jamasmie | April 10, 2015
Mick Davis first deal to land in Canada: report

Davis is said to be finalizing talks with a Toronto-listed miner, in a deal that could kick-off a long awaited buying spree.

BHP won’t reveal tax bill estimate in audit over Singapore hubs

Cecilia Jamasmie | April 10, 2015
BHP won’t reveal tax bill estimate in audit over Singapore hubs

On the last of a three-day national hearing, BHP and Rio acknowledged they were in ongoing discussions with auditors from the Australian tax authority.

Price slump prompts layoffs at Iron Ore Canada

Frik Els | April 9, 2015
Price slump prompts layoffs at Iron Ore Canada

150 workers let go as at Rio Tinto-owned mine in Labrador West and Quebec.

Quebec mining fund ready to pull trigger on $1bn investments

Frik Els | April 8, 2015
Quebec fund ready to pull trigger on $1bn mine investments

Quebec's $1 billion Capital Mines Hydrocarbures fund is close to buying equity stakes in mining projects outside iron ore worth as much as $200m a shot.

Canada’s Quebec re-launches less ambitious Plan Nord

Cecilia Jamasmie | April 8, 2015
Canada’s Quebec re-launches less ambitious Plan Nord

The province now expects to attract Cdn$50 billion in investment, down from its 2011 forecast of Cdn$80 billion.

Signs of life for mining M&A

Cecilia Jamasmie | April 8, 2015
Wave of mining deals expected this year amid commodity rout — report

Mining transactions almost doubled last year and the trend is likely to stretch over 2015, as lower commodity prices are making some unprofitable.

Australia treasurer vows to block Glencore-Rio Tinto merger

Cecilia Jamasmie | April 8, 2015
Australia treasurer vows to block Glencore-Rio Tinto merger

This wouldn’t be the first time Hockey hinders a major corporate deal in Australia.

Batista trial descending into farce

Frik Els | April 7, 2015
Batista trial descending into farce

The Brazilian judge in Eike Batista's landmark trial was first caught driving mining tycoon's seized Porsche and is now charged with embezzling drug money.

Iron ore price breaks fall, claims big scalp

Frik Els | April 7, 2015
Iron ore price breaks fall, claims big scalp

Iron ore regained its footing Tuesday, but too late for once high-flying Atlas Iron as 13mtpa producer's shares are suspended and receivership looms.

Nautilus Minerals resumes undersea mining exploration

Cecilia Jamasmie | April 7, 2015
Nautilus Minerals resumes undersea mining exploration

The goal is to expand Nautilus’ Seafloor Massive Sulphide prospect inventory around Solomon Islands, located east of Papua New Guinea.

Iron ore plunge to blow $3.6B hole in WA budget

Andrew Topf | April 5, 2015
Western Australia puts around $2bn in state-owned assets on chopping block

Iron ore producers and investors aren't the only ones getting hurt by the continuing weakness in the iron ore price.

Mining top executives the gloomiest of all: report

Cecilia Jamasmie | April 3, 2015
Mining top executives the gloomiest of all: report

Despite the overall pessimism, mining CEOs remain just as confident on their own company’s growth as they were in previous years.

Iron ore price massacre continues

Frik Els | April 2, 2015
Iron ore price massacre continues

Unprecedented meltdown continues as iron ore price suffers worst trading day in more than year on Thursday bringing weekly loss to eye-watering 15%.

Labrador Iron Mines seeks court protection from creditors

Cecilia Jamasmie | April 2, 2015
Labrador Iron Mines seeks court protection from creditors

The Canadian miner became the latest victim of slumping iron ore prices.

Iron ore price crashes through $50

Frik Els | April 1, 2015
Iron ore price crashes through $50

Iron ore price plummets again on reports Beijing may force 40% of China's steel mills to shut down amid pollution crackdown.

David Smith: Love and fear trade buying will drive metals, and these miners higher. . .this year!

The Gold Report | April 1, 2015
Global gold, silver production to hit fresh records this year

Despite their recent underperformance, David H. Smith, Senior Analyst with The Morgan Report, remains bullish on precious metals, especially silver and palladium, as the "love trade" heats up and the global economy adds more debt to the system.

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