China already actively seeking opportunities.
Iron Ore Mining News
The miner cut its fiscal 2018 production guidance to between 272-274 million tonnes of iron ore from 275-280 million tonnes.
They are seeking to obtain 30 more days to finish details of the plan.
The Anglo-Australian miner maintained its guidance for this year of 330 million to 340 million tonnes.
The world's biggest steel maker last month churned out a total of 73.98 million tonnes of steel, up 4.5 percent from a year ago.
Minas-Rio is Anglo American’s biggest development project, and its bet on the future of iron ore.
The company halted production and transport operations for 90 days at the Minas-Rio mine to comply with a request by authorities that it inspects a pipeline that has leaked twice.
The world's top iron ore producer said that heavy rains in the first three months of the year impacted its output.
China's copper imports bounce back in the first quarter and is now up more than 7% year-on-year and iron ore shipments remain on pace for another record.
The project, being considered by the federal government, may cost as much as A$5 billion ($3.9 billion), according to one industry estimate.
China is the world's biggest consumer of iron ore, the raw material for manufacturing steel.
The past couple of months have featured a broad retracement of the metals complex, away from the recent highs.
Proxy adviser Glass Lewis criticised the firm for paying out bonuses in 2017, a year when two employees died at work.
Global iron ore miners have turned off the tap on adding new production capacity to feed China’s steel mills.
The second largest ever private equity fund focused on mining closed in the first quarter – 13 funds aim to raise a further $4.9 billion in 2018.
The information was made public by The Wall Street Journal, whose journalists had access to a procedural order.
"The church but the entire world is worried about the environmental degradation that unregulated mining activities are causing in the Bolívar and Amazonas states."
The miner is withdrawing from the World Coal Association over a clash of views on how to fight climate change, with BHP saying it’ll reap little benefit from staying on as a member.
The leak in the pipeline, which carries slurry to a port in Rio de Janeiro state, occurred on March 12 and forced the miner to suspend operations until March 27.
Uncertainty around the Mining Charter and ownership levels have deterred investment in a sector that accounts for 8% of the country's economic output.
India's Supreme Court in February quashed all iron ore mining permits in the southwestern state of Goa, one of the top producing states for the steel making raw material.
It said the leak of non-hazardous iron ore slurry was stopped within eight minutes and caused no disruption to local water supply.
Cobalt, nickel still on the boil, but gloomier outlook reflected in copper price and fall in market value of top mining companies during first quarter.
New research centre has been established to help reduce the cost of mineral exploration in Australia in order to boost output.
Queensland’s resources sector is powering jobs growth across the State with Australian Bureau of Statistics (ABS) data showing an increase of close to 10,000 jobs in the February quarter.