Iron Ore Mining News

Nippon Steel braces for weaker prices amid fears over China slowdown

Natural disasters and glitches at their ageing facilities have prevented Nippon Steel from producing as much steel as they had planned.

Saudi King to open $22.7B mining project on Thursday, Al Arabiya TV

The project is part of an industrial scheme aimed at opening up Saudi's north to development that will boost job creation.

Iran to develop small-scale gold mines

The Hassan Rouhani government is kickstarting a program for the revitalization, activation, and development of the country’s artisanal mines.

India state may cancel NMDC's Donimalai mine lease in levy dispute

Following the news, NMDC shares fell as much as 7.4 percent to 99.20 rupees, their lowest since July 25, marking their biggest single-day fall since Aug. 9.

Supreme Court to hear appeal in Innu-Rio Tinto dispute

The Innu First Nations filed their lawsuit in 2013, seeking compensation of $900 million.

Sinking shipping gauge signals trouble for iron ore, coal price

Rates for dry bulk cargo carriers have collapsed 70% since August.

Vale holds talks to expand world's biggest open-pit iron mine

While the project known as S11D isn’t scheduled to hit its 90-million-ton capacity until 2020, China’s appetite for the mine’s low-cost, high-grade ore continues to grow.

Vale-BHP Brazil joint venture Samarco names mining exec as new CFO

Cavalcanti joins Samarco as it attempts to renegotiate billions of dollars in debt with creditors and restart operations after a tailing dam burst in 2015, killing 19 people.

India's steel giants to focus on product mix, quality to take on ArcelorMittal

ArcelorMittal's entry into India comes at a time when Indian steel demand is growing at the fastest pace in the world.

Trump's steel tariffs create big profits but few new jobs

"The cost of everything made of steel, has gone through the roof this year."

India's Jindal Steel and Power posts Q2 profit on one-time gain

Total revenue from operations jumped 63% to 99.82 billion rupees, while revenue from its iron and steel segment surged 73 percent to 86.45 billion rupees.

Caterpillar steps up game to keep leadership in North America

In the past two years, Cat  has  been  working  on  growing  its  offering,  particularly  in  the  underground  segment,  as  well  as  filling  up  some  gaps  in  terms  of  trucks  sizes.

ArcelorMittal needs one month to restore Kazakh output

Several gas pipelines had been damaged after a fire broke out at the plant.

Second Australian iron-ore train derailed in less than a week

Thirty empty ore wagons ran off the tracks in the southern part of Western Australia on Sunday.

China steel marks second weekly fall amid ample supply

The most actively traded rebar on the Shanghai Futures Exchange closed down 0.2 percent at 3,933 yuan ($566) a tonne, and lost 2.9 percent for the week.

Baffinland Iron Mines sets 5 million tonne shipping record

This establishes the record for the largest shipping program ever executed in the Canadian High Arctic.

BHP to meet iron ore commitments despite train derailment – CEO

The miner suspended its rail operations after the incident that wrecked track and left a locomotive and wagons upturned nearly 120 km south of Port Hedland.

BHP says Port Hedland iron ore reserves not expected to cover derailment disruption

The global miner expects to have partial rail operations back up and running in about one week.

Anglo finds returns outweigh risks as it renews Africa focus

The storied miner is going where larger rivals fear to tread, returning to its African roots to tap mineral assets with compelling returns.

Workers to end strike at Shougang iron ore mine in Peru – union

Workers at Chinese company Shougang Group's iron ore mine in Peru will return to work on Wednesday.

China Minmetals signs 20m tonnes iron ore purchase agreement with Brazil's Vale

The state-owned metals and mineral trading firm also signed a 2,400 tonne nickel briquette purchase agreement with Japan's Sumitomo Corp.

Australia's Port Hedland iron ore shipments to China fall 12% in October

The October figure was also down 7 percent from the same month a year earlier, according to port figures.

China's industrial heartland Shandong to overhaul energy intensive industries

As part of a new plan to overhaul energy intensive industries, Shandong province is planning to consolidate dozens of small refineries and build mega-petrochemical complexes.

European automakers BMW, Volvo to trial new LME steel contracts

Industry sources say automaker interest bodes well for the contracts, but new contracts usually take years to gain traction and a lack of interest from steelmakers could slow the process.

BHP suspends Western Australia rail operations after runaway train incident

BHP suspended all its iron ore rail operations on Monday after a train ran away at high speed for nearly 100 kilometres before being forcibly derailed.