Iron Ore News

Iron ore mining, investment and price news

Vale’s shares dive as miner posts quarterly loss triggered by iron ore weakness

Cecilia Jamasmie | February 26, 2015
Vale’s shares dive as miner posts quarterly loss triggered by iron ore weakness

The world’s No. 1 iron ore producer by volume posted a second consecutive quarterly loss.

Massive drop in mining exploration funding in Western Australia, survey finds

ABC News | February 25, 2015

Mining companies in Western Australia have massively reduced their exploration budgets, a new survey has found.

South Africa drops out of top 10 in Africa for mining investment

Frik Els | February 24, 2015
South Africa drops out of top 10 in Africa for mining investment

Namibia and Botswana top the latest mining investment attractiveness index for the continent and move into top 25 worldwide.

Biggest steel breakthrough in decades

Frik Els | February 24, 2015
Biggest steel breakthrough in decades

Korean scientists create a cheap, flexible steel with a strength to weight ratio of today's best titanium alloys using a nickel catalyst.

This BHP slide will bring tears to iron ore price bulls eyes

Frik Els | February 24, 2015
This BHP slide will bring tears to iron ore price bulls eyes

Weak iron ore prices have become the accepted industry norm, but the world's top miner also has bad news for those hoping for a pick-up in the long term.

Cecilia Jamasmie

BHP pins hopes on spin-off South32

Cecilia Jamasmie | February 24, 2015
BHP pins hopes on spin-off South32

In the second half of 2014 the businesses bound for South32 generated $5bn worth of revenue and almost $890m of earnings before interest and tax.

Canada’s Saskatchewan second only to Finland as world’s top mining destination

Cecilia Jamasmie | February 24, 2015
Canada’s Saskatchewan second only to Finland as world’s top mining destination

The potash and oil-rich province was placed at the top of the Fraser Institute's annual rank of mining companies.

BHP slashing costs faster than expected

Frik Els | February 23, 2015
New low in oil prices drags BHP Billiton stock below 2009 levels

World number one miner notches "productivity gains" of $2.4 billion as profits fall 47% in second half of 2014.

Cecilia Jamasmie

Seabed mining dreams shattered by New Zealand latest decision

Cecilia Jamasmie | February 22, 2015
Seabed mining dreams shattered by New Zealand latest decision

The country's refusal of a deep sea mining venture off its coast has cast a shadow over the emerging mining practice.

Vale smashes iron ore production record

Andrew Topf | February 19, 2015
The bottom is falling out of iron ore price

Brazil’s Vale (NYSE:VALE), the world’s largest producer of iron ore, continued to flood the market with product in 2014 despite sharply lower prices.

PICS: Cops confiscate Eike Batista's beloved cars, Faberge egg

Frik Els | February 18, 2015
PICS: Cops confiscate Eike Batista's beloved cars, Faberge egg

Brazilian tycoon Eike Batista's riches to rags ride is a white-knuckle one.

Iron ore price surges

Frik Els | February 16, 2015
Iron ore price surges

Biggest jump of the year lifts iron ore price more than 6% off 2015 low.

Gina Rinehart can watch bioflick before it airs

Michael Allan McCrae | February 13, 2015
house of hancock gina rinehart

Wide release is set for Sunday.

Anglo American's big write-down

Michael Allan McCrae | February 13, 2015
minas rio anglo american write down brazil

Minas Rio.

"We haven’t seen capitulation in natural resources yet"

Sprott's Thoughts | February 13, 2015

During a period of polarizing precious metals and industrial commodity pricing, Rick Rule, Chairman of Sprott U.S. Holdings was kind enough to share a few comments—opining on global counterparty risk, resource capital markets, capitulation, and more.

Visual Capitalist

INFOGRAPHIC: Project generators: exploration risk for less cost

Visual Capitalist | February 12, 2015
Drill rig on minesite in Western Australia

In a bear market for junior miners, exploration capital can be hard to come by.

Glencore slashes capital spending as commodity prices bite

Sydney Morning Herald | February 12, 2015
Anglo American tries again: submits plan to expand coal mine in Australia

Glencore has slashed spending for this year by up to $US1.4 billion amid a rout in commodity prices, and will spin-off its stake in the unwanted South African platinum producer Lonmin inherited in its merger with Xstrata two years ago.

Iron ore's richest prize going on auction

Frik Els | February 12, 2015
Iron ore's richest prize going on auction

Outcome will say a lot about the long-term prospects for the industry.

Iron ore permabear Xie now expects price in $30s

Frik Els | February 6, 2015
Iron ore permabear Xie now expects price in $30s

Prices "need to decline to a level that's so painful higher-cost Chinese mines will be forced to give up".

Visual Capitalist

How junior mining companies hit the reset button

Visual Capitalist | February 6, 2015
mainly bronze bull looking at bear on street - 333

If a junior mining company is in a dire enough situation, they may hit the “reset” button and rollback their stock.

'Inexorable decline': Iron ore price hits new low

Frik Els | February 6, 2015
'Inexorable decline': Iron ore price hits new low

Shanghai trader: "This Chinese New Year procurement period is very different from past years."

Roubini gives a talking to gold bugs, other 'pseuds and hacks'

Frik Els | February 3, 2015
Roubini gives a talking to gold bugs, other 'pseuds and hacks'

Dr Doom explains why the predictions of "Austrian economists, radical monetarists, gold bugs, and Bitcoin fanatics" have been so "spectacularly wrong".

CAT, Komatsu, Volvo slapped with antitrust suit

Frik Els | February 2, 2015
large-truck-loading-ore-333

International Construction Products alleges Big 3 manufacturers are colluding to keep the 1-year old company from selling cheap Chinese equipment in the US.

'Now is a good time to deploy capital' – private equity group secures $450 million

Michael Allan McCrae | February 2, 2015
emr capital raises 450 million gold copper potash no iron ore

No money for iron ore.

Gwen Preston - Resource Maven

Roundup takeaway 1: outsmart tough odds

Gwen Preston - Resource Maven | January 31, 2015
Confereence - meeting - roundup - speaker - 333

It’s a common stat in the sector: only 1 in 1,000 discoveries becomes a mine. But David Harquail, president and CEO of Franco-Nevada, takes that sobering fact one step farther.

Commodity slump forces BC Iron to quit Brazilian project, revalue mines

Cecilia Jamasmie | January 30, 2015
Commodity slump forces BC Iron to quit Brazilian project, revalue mines

The Australian junior iron ore producer is also studying whether it needs to write down the value of any ­assets ahead of next month’s half-year result.

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