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Iron Ore Mining News
It now expects adjusted earnings per share to come in at $5, significantly higher than the $3.75 it had forecast just three months ago and almost doubled the $2.90 it had originally projected for the year.
Shareholders hadn’t received dividends since 2015, when iron ore fell below $40 a tonne amid a global crash in commodity prices.
"Suspected corruption in the conduct of business in the Republic of Guinea by the Rio Tinto group, its employees and others associated with it."
Mosaic chief Joc O’Rourke also said BHP’s target of 2023 for first production looks unachievable.
After strong start to 2017, US steel output growth for the first six months slows to just 1.3%.
South Africa intends to suspend the granting of applications for prospecting and mining rights as well as any renewals pending a court case to review new mining laws, the Mineral Resources Minister Mosebenzi Zwane said on Thursday.
While the decision doesn’t ban Fortescue from continuing to operate the mines, it paves the way for the group to sue the company for hundreds of millions of dollars in compensation claims.
Hedge fund manager says expanding into the currently over-supplied fertilizer market is just a bad idea.
As steel production reaches all-time high Chinese miners pump out most iron ore since 2015 while refined copper output jumps 12% to highest in 18 months.
Prices have climbed almost 7% since Monday and almost 32% since the recent low of $53.36 a tonne hit on June 13.
World number one miner's Pilbara mines produce 268m tonnes for the year, but strike at Escondida sees copper output slide 16%.
From the recent low of $53.36 a tonne hit on June 13, iron ore prices have now surged more than 27%.
Big winners will be aluminum, copper, lead, lithium, manganese, nickel, silver, steel, and zinc and rare earth minerals such as indium, molybdenum, and neodymium.
Vutomi licences were extended into additional area of mineralization adjacent to the firm’s Frischgewaagt project in South Africa.
The world's largest miner believes potash will be a $50 billion market by the late 2040s.
The cash keeps pouring in to Champion Iron (TSX:CIA) and its subsidiary, Quebec Iron Ore (QIO).
The company identified a group 2 kimberlite pipe in an area known by its high-grade diamonds.
The suspension follows a pending a judgement in an urgent interdict application by the country's Chamber of Mines.
Ore with 62% content in Qingdao added $1.86 overnight to close at $65.91, the highest since May 3 and 20% more than those year lows hit mid-June
Beijing's shuts 120 million tonnes of low-grade steel capacity in six months providing a boost for high-quality ore exporters.
Study shows Q2 2017 new private capital for natural resources investment dropped to lowest since 2011 and not a single mining fund were able to raise money.
Kumba Iron Ore Limited today announces the appointment of Mr Bothwell Mazarura as Chief Financial Officer and Executive Director, effective 1 September 2017.
Combined worth of 50 largest mining companies grow to $768 billion during first half of 2017, but a few big names drop down rankings.
China's supply of steel scrap is surging as aged buildings, bridges and cars produced over decades of rapid economic growth are knocked down, dismantled or crushed.