Iron Ore Mining News

BHP, Vale get extension to settle $48 billion Samarco claim

BHP Billiton Ltd and Vale SA have secured a 150-day extension from a Brazilian court to negotiate a settlement of a $48 billion claim stemming from the Samarco mine disaster in 2015, BHP said on […]

Russia's VTB Capital aims to double gold sales to China in 2018

Russia's gold-trading banks trying to increase presence in Asian markets, especially since demand for Russian gold in European trading hubs slow since 2014.

Russia miner Nornickel sees capex rising by 2019-2020

The company plans to increase capital expenditure to an average of $2.3 billion to $2.5 billion a year in 2019 and 2020 from about $2 billion in 2018.

Vale says still looking to sell stake in New Caledonia nickel mine

The miner denied it had decided to suspend the sale of a stake in its loss-making New Caledonia nickel mine (VNC), and added that its plan to find a partner is still a go.

Anglo to halt Minas Rio in Brazil if expansion licence delayed further

The company said if long-delayed permit for its massive iron ore mine is not issued next month as expected, it would have to shut it by Sep. 2018.

Hong Kong taking on Singapore for iron ore trading dominance

Last week Hong Kong Exchanges and Clearing started trading iron ore futures.

Northern Quebec iron ore mine to re-open by March

The Bloom Lake mine in northern Quebec will be back in business by March of next year, according to its new owners.

Number of active mining projects by province ranked

Ontario is number one.

Vale delays sale of stake in New Caledonia nickel mine

The sale may be delayed for up to a year, a setback to efforts by the world’s largest iron ore producer to offload non-core assets.

Brazil's Samarco mine sees need to cut staff by 600

Samarco said it would resume talks with two unions on Friday following Thursday meetings on the need to reduce staff to 1,135 from 1,735.

BHP-Vale deal distances Brazil mine from $53bn in lawsuits

Miners' lawyers filed documents late Thursday requesting that the presiding judge suspend two civil suits from 2015 Samarco dam spill.

Vancouver is the world's mining capital

Sorry Toronto and Perth.

China Oct zinc, copper output highest in 3 years

Zinc production rose 3.8 percent to 577,000 tonnes year-on-year, while copper was up 6.3 percent at 781,000 tonnes, the data showed.

India's mines ministry may recommend cut in iron ore export tax – sources

Indian mining industry has for months lobbied for a cut in the export duty as the country is saddled with a surplus of around 149 million tonnes.

BHP to exit shale within two years, sell nickel assets

“We have a strong sense of urgency,” chief executive Andrew Mackenzie told reporters following the company’s annual general meeting in Melbourne.

Zonte Metals acquires iron oxide copper gold project

According to the company's CEO, exploration is expected to start shortly in the form a ground magnetic survey over portions of the project.

UN urges miners to better regulations needed to prevent disasters

According to the UN Environment Program's latest report, most of the 40 significant mine waste accidents in the past decade have involved dams or other storage areas that failed.

Iron miners: capex will not see strong comeback, says new research

BMI predicts that iron ore prices will remain on a long-term gradual downtrend until at least 2021.

Sudbury Coleman Mine in shutdown for 30 days

Under the terms of the collective agreement, employees do not get paid when work is not available.

Landmark publication highlights Australia’s mineral wealth

Australia’s mining industry is world-class, contributing AUD$236 billion to the national economy. This contribution is largely a product of the country’s substantial and diverse ore deposits.

Planetary Resources readies asteroid mining technology for Dec. launch

The Arkyd-6 spacecraft includes core technology that will be used in the company’s asteroid exploration program.

Former Xstrata CEO Mick Davis may become Rio Tinto new chairman

The mining veteran could face competition from internal candidates, including former head of UK gas company Centrica, Sam Laidlaw, who now sits on Rio’s board.

BHP needs 120 new workers at its Olympic Dam in Australia

The mining giant will add those jobs during the next 12 months.

Sibanye-Stillwater reaches wage deal with unions at Kroondal mine

The three-year wage agreement was signed by all three unions, the company said.

Copper, iron ore prices up despite plunge in Chinese imports

Copper cargoes drop more than 20% while iron ore shipments sink to one-and-a-half year lows.