Anglo American’s defense advisers are said to plan attacks on the quality of Vedanta’s portfolio compared to Anglo’s assets.
Iron Ore Mining News
A ship loaded with 23,000 tonnes of ore set sail for China Friday, where it will be processed for a European buyer.
The world's no. 4 iron ore miner cut its fiscal 2019 shipments estimate to 165 million-170 million tonnes, down from 165 million-173 million tonnes.
A tropical cyclone hit Western Australia in late March, causing operation disruptions and port damages that would affect some 25m tonnes of iron ore production.
The Stoxx Europe 600 is still stuck in a tight range as the earnings season is getting into full swing.
Niron Metals, an investment vehicle co-founded and headed by Davis, has struck a deal with Liberia allowing it to use a rail and port to export iron ore from Guinea's Zogota iron ore deposit.
The Anglo-Australian miner lowered projections for its fiscal 2019 iron ore production to 265 million-270 million tonnes.
A Brazilian court has authorized Vale to resume operations at the Brucutu mine, its largest in the state of Minas Gerais.
Rio Tinto's warning to mining lobby groups that they have to acknowledge the threat of climate change is likely a sign that the industry will inevitably fracture into two camps.
The decline in commodity imports in the first quarter seem to confirm the narrative of slowing growth in the world's second-largest economy.
Vale's situation could force other steelmakers to halt production if nothing is done to normalize supplies.
The founder of Shanghai Steelhome Information Technology Co. said disruptions will amount to 60 million tons of lost supply this year.
President Jair Bolsonaro said on Friday the country could open a vast reserve in the Amazon rainforest to mining, a move attempted by his predecessor that was quickly rescinded following an international environmental outcry.
But the iron ore price surge won't last says new survey of commodity analysts.
The supply/demand dynamics benefit Australia’s iron ore miners, according to the latest research by the Macquarie Group.
The joint venture intended to explore for iron assets at the Simandou prospect, but the concession was revoked in 2014 by Guinea's government.
The company does not say whether this would impact shipping of the mineral.
The Brazilian mine dam collapses and resultant forced shutdown of some of that country’s iron ore mines had caused a major seaborne supply squeeze across all of the commodity’s types.
Vale SA has opened negotiations with prosecutors and families of victims of the deadly January dam disaster.
Iron ore’s poised to hit $100 a ton, according to Citigroup, which highlighted “very, very low” seaborne cargoes just as data from China may show a pick-up in demand.
Giant mines currently under construction will churn out an additional one million tonnes of copper through 2023, but that won’t be enough.
A group of minority shareholders in Vale SA has proposed an alternative board member and to change the board election to a cumulative voting system.
Fundraising by unlisted funds for investment in natural resource reached a record $93 billion last year.
The move is aimed at providing a tool for institutional investors to assess the risk from their holdings in mining companies.
With a market facing a global deficit, the world’s biggest iron ore export port is flagging a timely boost in shipments as Fortescue and rivals bring on new mines in Australia’s Pilbara region.