Iron Ore Mining News

Vale iron ore output falls in second quarter but still beats estimates

It produced 86.82 million tonnes of iron ore in the April-to-June period, down 2.8% from a year earlier.

Metals and mining rally has staying power

Industrial metals are now all trading above their 100-day moving averages and most are no longer in backwardation.

Ferrobamba and Tenova sign a cooperation agreement for the Aymaraes (Peru) iron ore development project

Ferrobamba selects Tenova HYL Micro Module to develop its iron ore deposit and build a 250,000 t/y High Carbon DRI plant in Peru

Heavy snowfall in Chile forces Anglo to cut annual copper target

Shares plunged after miner revealed that output fell almost across the board in the April – June period.

BHP's copper output to bounce back

World's top miner expects to produce 1.7 million tonnes in 2017 as output at giant Escondida mine jumps 9%.

Ugly week for iron ore price

Down 6.3% over five trading days.

Mick Davis to overhaul X2 Resources as fund fails to close any mining deal

Recovering commodity prices and investors' veto on deals have frustrated Davis and his team in their search for mining and metals bargains.

Did $78 billion South African gold exports really go missing?

According to a UN report, since 2000 two-thirds of South Africa's gold exports – mostly to India – did not appear on its trade partners' books.

Mount Gibson’s new iron ore mine in Australia closer to final approval

The approval of Iron Hill mine would the iron ore producer to remain in business for another two to three years.

BHP unlikely to reopen Samarco this year amid Brazil’s criminal probe

The firm said about 40% of its Brazilian workforce would take voluntary redundancy to reflect reduced production.

Iron ore skyrockets to nearly $60 per tonne

Chinese import price for 62% iron content fines at the port of Qinqdao rose 6.7% to $59.38 a tonne, the largest one-day percentage increase since April 21.

Gold price rally helps producers climb world’s top 25 mining companies list

Study shows there are more bullion miners among higher market capital ranking of mining companies in second quarter of 2016 than a year a go.

Australia slashes iron ore price forecast 20%

Dept of Industry says loss-making mines are staying open for longer than expected aggravating oversupply.

BHP Billiton’s Olympic Dam set to reach highest copper production in a decade

Red metal production at the copper-uranium mine is expected to hit around 230,000 tonnes by 2021, but there is potential for up to 450,000 tonnes per year.

Growing glut will put pressure on iron ore prices: analyst

Recent upticks in the price of iron ore will turn out to be shortlived, and the price will likely drop from here, according to an analyst whose contrarian view was aired on Business Insider.

INFOGRAPHIC: Silver skyrockets post-Brexit, energy is back!

Energy had an impressive comeback in Q2, with natural gas and oil being the best performing commodities of the quarter.

Iron ore surges past $55 as Rio Tinto exits Simandou

The price increase comes as iron ore major Rio Tinto decided to put its Simandou project in Guinea on ice due to the iron ore glut that is keeping a lid on prices.

Morgan Stanley: Iron ore will drop to $35 by fall

Iron ore advanced to a 5-week high of $53.40 on Tuesday, but analysts see steep decline in the final quarter of 2016.

BHP hikes exploration spending, to focus mostly on copper, oil

It will raise its annual exploration spending by 29%, allocating nearly all its $900 million budget to finding new copper and oil deposits in the fiscal year beginning next month.

Copper stocks deep into red as gold miners surge

Gold's nearly $100 jump early on and copper's 4.5% meltdown split mining investors' Brexit fortunes.

Brexit: Gold, metals, markets react as Britain chooses to leave the EU

Gold climbs the most in eight years, while copper and oil fall.

The world's 50 most valuable mining companies

Combined these mining and metal giants are worth $700 billion with operations in every corner of the world.

Rio Tinto may be planning a $9bn spinoff a la BHP

Rumours follow Rio's decision to group its least loved units — coal, uranium salt, borates and its Iron Ore Co. of Canada — under a new umbrella branded as the “energy and minerals” business.

BHP just forecast ‘another 10 years’ of iron ore glut

Chief executive Andrew Mackenzie believes the iron ore market will take longer to balance out than other commodities due to an excess of supply coming on stream in the next few years.

Rio Tinto to boot iron ore chief in fresh management shake-up

Andrew Harding, once tipped as the most likely person to take the company’s reins, is being replaced by Chris Salisbury, currently leading the copper and coal division.