Iron Ore Mining News

Mining services' life support running out in Australia

This year is shaping as a tipping point that will see company collapses increase, insolvency and industry experts say.

Mining among unhappiest industries to work in — study

Experts looked at over 500,000 survey responses from over 60,000 employees in 13 different industries worldwide.

The sub-mine crisis of 2016

The collapse of the global resources stock market capitalization will have severe consequences.

India mulls key investment to set iron ore plants in Iran

According to official figures, Iran has now more than $10 billion of investment pledges under its belt.

Luxembourg joins race to conquer space mining

The move comes only three months after U.S. President Barack Obama signed a space exploitation law.

Anglo American risks eviction from FTSE 100

FTSE 100 reweighting to take place in March.

Nautilus takes delivery of Seafloor Production Tools

Nautilus Minerals Inc. announces that the Solwara 1 Joint Venture (comprising Nautilus 85% and Eda Kopa (Solwara) Limited 15%) has taken delivery of the three Seafloor Production Tools (“SPTs”) from Soil Machine Dynamics Limited’s facility in Newcastle upon Tyne.

Anglo American may fully exit Brazil — report

The company is said to be wanting to offload its Barro Alto nickel mine and the vast Minas-Rio iron ore complex.

THEnergy review of the Energy and Mines Summit in London

More than 200 delegates from the mining, renewable energy and finance sectors attended this event.

This is what’s making iron ore prices even worse

Iron ore prices, traditionally influenced primarily by demand and supply factors in the physical market, are showing signs of becoming “financialised” as paper trading increasingly plays a part in driving prices.

World’s biggest iron ore port shut as cyclone to hit Australia

BHP Billiton began evacuating workers from its Port Hedland export facilities early Friday.

Caterpillar sees no signs of mining improvement

Quoting levels "very low" and machines already sold are not being put into service by mining companies.

International court orders bankrupt MMX to pay $7 million to Outotec

Ruling puts and end to dispute dating back to 2013.

Anglo American shares rally on iron ore output hike, cost-cutting measures

The besieged miner plans to lower costs at its iron ore mines after boosting total annual output for the steelmaking ingredient.

Anglo American and Lonmin heap pain on South African mining with 9,000 job cuts

Embattled miners have cut jobs in the face of plunging commodity prices, putting pressure on the South African government

Iron ore price: Seaborne trade is Opec on crack

New warnings about impact of super-concentrated supply of steelmaking raw material.

CHARTS: Chinese supercycle can't be repeated

Mining hits a BRIC wall.

Current mining downturn not a ‘normal’ one — Moody’s

The ratings agency expects physical supply/demand imbalance to widen further, leaving miners in extremely weak conditions.

Vale reopens iron port for at least 60 days

The company has now at least 60 days to come up with a plan to address and fix pollution problems tied to its operations Tubarão, one of Vale's most important ports.

CHART: Stop panicking about Chinese growth

China’s slowdown is nothing new. Growth peaked in 2007 and had been on a clear downward trend since 2011.

Iran goes beyond oil — to sign $5.4bn in mining deals with Italy, France

Iran is opening $29 billion of projects to foreign investors now that sanctions have been lifted.

Vale port shut down likely to affect iron ore market, prices jump

The suspension of activities at Vale's Port of Tubarão, ordered by a Brazilian federal court on Thursday, is likely to cause strong reaction in the global iron ore market.

Moody's puts 175 energy and mining firms on review as low prices bite

Top miners BHP Billiton, Rio Tinto, Vale and Anglo American are among the firms at risk of rating downgrade.

Aussie mining tycoon Palmer promises ‘truth’ on massive job cuts at his nickel refinery

He said he would open up after a creditors meeting next week in Townsville, where his his Queensland Nickel company is based.

Samarco top executives take leave two months after Brazil dam burst

CEO Ricardo Vescovi and operations chief Kleber Terra were among those accused of environmental crimes by Brazil’s Federal Police earlier this month.