Iron Ore News

Iron ore mining, investment and price news

Blaze contained at Fortescue's Cloudbreak mine

Michael Allan McCrae | July 1, 2015
fortescue iron ore mine

No injuries.

Cecilia Jamasmie

Rocket explosion a fresh blow to asteroid mining ambitions

Cecilia Jamasmie | June 29, 2015
Rocket explosion a fresh blow to asteroid mining ambitions

Sunday's fiasco was the third major failure for America's commercial space industry in less than a year.

New study shows the economic effects of permitting delays on the U.S. mining industry

info@mineralsmakelife.org | June 29, 2015
bureacracy_red_tape_

Duplicative permitting processes can delay mining projects a decade or longer.

Dismal state of TSX-V in two crushing graphs

Frik Els | June 25, 2015
Dismal state of TSX-V in two crushing graphs

Bear market is more than 1,000 days old and nearly 1,200 companies have dropped off the Toronto venture market.

Adani confirms work halted at controversial coal project by the Great Barrier Reef

Cecilia Jamasmie | June 25, 2015
Adani confirms work halted at controversial coal project by the Great Barrier Reef

But the Indian company said it remains committed to the US$12bn Carmichael project in Queensland, Australia.

BHP cuts another 140 jobs over abandoned Olympic Dam expansion plans

Cecilia Jamasmie | June 25, 2015
BHP cuts another 140 jobs over abandoned Olympic Dam expansion plans

The cuts at the Adelaide support office for the Olympic Dam operations come about six months after BHP scrapped about 90 permanent positions and 210 contractor jobs.

Iron ore prices hit six-day highs, but rally won’t last say experts

Cecilia Jamasmie | June 24, 2015
Iron ore prices hit six-day highs, but rally won’t last say experts

Analysts from Goldman Sachs, Citi and ANZ predict prices will drop again below $50 a tonne.

India to ship 16.5 million tonnes of iron ore to Japan, South Korea

India Today | June 24, 2015

The government approved the renewal of agreement for supplying up to 16.5 million tonnes (MT) of high grade iron ore to steel plants in Japan and South Korea over three years till March 2018.

Global vision for ‘green steel’

CSIRO | June 23, 2015

The vision for a cleaner, greener and more productive steel industry, moved a step closer with the recent signing of an agreement with a company in China to scale-up CSIRO’s dry slag granulation (DSG) technology.

Setting sights on ‘invisible’ mining

CSIRO | June 22, 2015

In-situ recovery is a new and largely untapped frontier that could improve environmental performance and change the economics of mining.

Rio Tinto sees 'a few years of reduced consumption of new steel'

Michael Allan McCrae | June 19, 2015
iron ore rio tinto reduced consumption china

The old cycle is playing out again.

Mayor pleads for funds from security bond to stop blowing dust

Michael Allan McCrae | June 19, 2015
Mining Truck

"I can feel the dust on my teeth."

The bugs that boost leaching

CSIRO | June 19, 2015

Bacteria, those microscopic organisms, are among the unlikely heroes for researchers and mining companies working to establish economic methods to access difficult to extract or low value ores.

Iron ore price rally just gave miners 'false hope'

Frik Els | June 17, 2015
Iron ore price rally just gave miners 'false hope'

Iron ore price declines to resume as Shanghai rebar drops to record low Wednesday with bears calling rally just a blip before prices retreat to $40s again.

Visual Capitalist

INFOGRAPHIC: Every Chinese overseas investment over $100m visualized

Visual Capitalist | June 17, 2015
China's stake in rare earths market shrinking

Showing over 1,250 attempted transactions, this list includes both successful and failed attempts in order to visualize the ebb and flow of Chinese investments up until mid-2014.

Mining industry inertia will come at a price

Frik Els | June 16, 2015
Mining industry inertia will come at a price

PwC's John Gravelle on the mining industry's austerity drive, price realities and declining exploration spending.

Chris and Michael Berry: What the boomers got wrong—and right—about natural resource investing

The Gold Report | June 16, 2015
Mining companies lead surge in Canadian IPO market in Q4

The Gold Report, quizzed Chris and Dr. Michael Berry, authors of the Disruptive Discoveries Journal, on how investing has changed over the years in the gold, silver, niche metals and energy space, and what they are investing in today to make sure they survive to see the next cycle.

Rick Rule: When interviewing companies investors should start by asking—"What’s your liquidation value?"

Sprott's Thoughts | June 15, 2015
shutterstock convention 333

Rick Rule, Chairman of Sprott US Holdings, recounts how a small mining event led to a career-changing investment.

CHARTS: China's steel, iron, coal industry growth collapsing

Frik Els | June 12, 2015
CHARTS: China's steel, iron, coal industry growth collapsing

A new report shows China's move away from industrialization and construction to consumption and services is happening much quicker than previously thought.

Mine financing: 2015 off to dismal start

Frik Els | June 11, 2015
Mine financing: 2015 off to dismal start

A third of money raised is destined for Canadian projects while Australia's share of global total drops to only 5%.

INFOGRAPHIC: Geopolitical risks are climbing – interstate conflict is top risk in 2015

Visual Capitalist | June 11, 2015
Top forecaster says geopolitics main gold price driver

Over the last decade economic events or environmental issues came out as top risks to the world according to the annual WEF survey. Not this year.

Producers rally on soaring iron ore price

Frik Els | June 10, 2015
Producers rally on soaring iron ore price

Iron ore rallies again after Vale CEO predicts 200 million tonnes of Chinese production shutting down and seaborne market growing to 1.44 billion tonnes.

South32 mulls writing down stake in South African manganese venture

Cecilia Jamasmie | June 9, 2015
South32 mulls writing down stake in South African manganese venture

It may reduce the value of its 60% stake in the Samancor Manganese joint venture, as it keeps furnaces shut due to low prices for the commodity.

Iron ore price holds despite 12% fall in Chinese imports

Frik Els | June 8, 2015
Iron ore price holds despite 12% fall in Chinese imports

Iron ore trading at near four-months highs despite sharp drop in Chinese imports, but analysts say rally is "living on borrowed time."

Australia's new iron ore website: Get the Facts

The Minerals Council of Australia has today launched a new website to help better inform the community about Australia's iron ore industry.

Outotec wins iron ore processing contract in Iran

Andrew Topf | June 7, 2015
outotec_iron ore pelletizing

5 million tonnes per annum pellet plant expected to start-up in 2018.

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