Iron Ore Mining News

Vale buys innovator New Steel for $500m

Vale has focused on sales of better quality iron ore, mostly from its S11D project in Pará state, as demand for the cleaner and less polluting product rises in China, its main market.

UAE’s Emirates Steel refinances $650 million of debt with new loan, sukuk – sources

The company hired BNP Paribas to coordinate a $400 million sharia-compliant loan financing.

ArcelorMittal urges extended, reformed EU caps on steel imports

It is "absolutely critical" that Europe protect itself with measures to restrict imports of steel and remedy weaknesses in its existing system.

Anglo ending 2018 on high note, predicts higher output, lower costs

The diversified miner anticipates 2018 production to be 2% ahead of previous guidance and costs to be 5% below.

China's copper, iron ore imports slump as economic growth slows

Often cited as a market indicator for economic health, the metal has been under pressure since the summer, threatening to unwind a three-year rally.

Vale says recent dip in global steel prices is temporary

Global capacity utilisation in the steel sector has risen to 76% this year from 73% last year, indicating excess capacity in the sector is shrinking.

Vanadium's electric future hobbled by its industrial past

Supply scarcity and the resulting price volatility are the two biggest hurdles to vanadium's potential bright electric future.

Brazil launches new mining agency days before Temer steps down

Changes to Brazil’s 50-year-old mining regulations also came in effect Wednesday and include measures that make the country’s industry more competitive and sustainable.

Trade truce lights fire under mining stocks

Relief that an escalation in the trade war between the US and China has been avoided – at least for now – sparked a huge rally in mining stocks on Monday.

What to watch in commodities: Trump-Xi, OPEC, iron, Tesla, crops

It’ll be an important week for iron ore, which has been badly beaten up in November.

Peru’s gold, silver, copper output falls

On the positive side, the Andean country's iron ore production grew by 66.8% when compared to the previous year.

Navy admiral named Brazil’s Minister of Mines and Energy

Albuquerque, 60, will tackle offshore oil licensing rounds and planned energy privatizations.

thyssenkrupp to supply key equipment for BHP South Flank iron ore project in Australia

The project, valued at €150m, is expected to create many opportunities for Western Australian suppliers.

S.Africa's main iron ore export rail link closed until Dec. 9

The Saldanha export line carries iron ore sourced mainly from Kumba mines from the Northern Cape province to the Saldanha port in the Western Cape.

Rio Tinto green lights $2.6B Koodaideri iron ore mine investment

Construction will start next year with first production expected in late 2021.

Anglo CEO says investor confidence returns to South Africa

Anglo American mines platinum, coal, diamonds and iron ore in South Africa.

Rio Tinto to proceed with $2.6B iron ore mine in Western Australia

Construction for the project will start in 2019, with first production expected in late-2021.

Australia's Fortescue readies first shipment of new mid-grade iron ore

The new product is a major step in the miner's strategy to wring more value from its iron ore after profits halved last financial year.

Tacora secures $212m cash to restart Scully mine

The mine has been closed since 2014 when former-owner Cliffs Natural Resources pulled out of Canada.

Nigeria awards mining exploration contract to 10 mining, consulting firms

Nigeria, Africa's top crude oil producer, is aiming to diversify its economy by developing other industries such as mining through various incentives.

China iron ore hits 4-1/2-month low, steel market under pressure

As steel prices slid, Chinese mills ran up losses for the first time in three years this month, ending years of solid profit margins.

Peru stops miners from exploring Rainbow Mountain tourist area

In the case of Rainbow Mountain, those in favor of conservation appear to have won out.

Iron ore price craters 8%

Fears over slowing Chinese growth and impact of trade war with the US removes floor under iron ore price.

China's steel slides into bear market; iron ore, coal hit by selloff

China's steel prices tumbled more than 5% to a five-month low as persistent worries over weaker demand pushed the sector into a bear market, sparking a selloff in raw materials iron ore and coking coal.

Capstone Mining mulls selling stake in Chile-based copper-iron project

Over its almost 18-year mine life, Santo Domingo is expected to produce an average of 134-million pounds a year of copper, 4.2-million tonnes a year of iron concentrates and 17,000 annual ounces of gold.