Iron Ore Mining News

Anglo steps up defense to repel Agarwal's interest: Telegraph

Anglo American’s defense advisers are said to plan attacks on the quality of Vedanta’s portfolio compared to Anglo’s assets.

Congo Republic ships first iron ore ahead of expected production boom

A ship loaded with 23,000 tonnes of ore set sail for China Friday, where it will be processed for a European buyer.

Fortescue pares annual iron ore shipments guidance after cyclone

The world's no. 4 iron ore miner cut its fiscal 2019 shipments estimate to 165 million-170 million tonnes, down from 165 million-173 million tonnes.

Chinese iron ore records biggest weekly fall since November

A tropical cyclone hit Western Australia in late March, causing operation disruptions and port damages that would affect some 25m tonnes of iron ore production.

Nerves of steel are needed if iron rally is over: taking stock

The Stoxx Europe 600 is still stuck in a tight range as the earnings season is getting into full swing.

Mick Davis a step closer to mining iron ore in Guinea with Liberia deal

Niron Metals, an investment vehicle co-founded and headed by Davis, has struck a deal with Liberia allowing it to use a rail and port to export iron ore from Guinea's Zogota iron ore deposit.

BHP cuts FY iron ore production guidance as cyclone hits output

The Anglo-Australian miner lowered projections for its fiscal 2019 iron ore production to 265 million-270 million tonnes.

Brazilian court authorizes Vale to resume ops at Brucutu mine

A Brazilian court has authorized Vale to resume operations at the Brucutu mine, its largest in the state of Minas Gerais.

Rio Tinto warning may rupture mining industry into green and dirty

Rio Tinto's warning to mining lobby groups that they have to acknowledge the threat of climate change is likely a sign that the industry will inevitably fracture into two camps.

China's commodity imports look tepid, may be slightly warmer

The decline in commodity imports in the first quarter seem to confirm the narrative of slowing growth in the world's second-largest economy.

Iron ore shortage after Vale disaster hurting Brazil steelmakers — report

Vale's situation could force other steelmakers to halt production if nothing is done to normalize supplies.

China isn't ready for iron ore deficit, Steelhome's Wu says

The founder of Shanghai Steelhome Information Technology Co. said disruptions will amount to 60 million tons of lost supply this year.

Brazil President says Amazon rainforest reserve should be opened to mining

President Jair Bolsonaro said on Friday the country could open a vast reserve in the Amazon rainforest to mining, a move attempted by his predecessor that was quickly rescinded following an international environmental outcry.

Cobalt, uranium and silver prices expected to rally in 2019

But the iron ore price surge won't last says new survey of commodity analysts.

Iron ore price rally could give BHP, Rio Tinto 30% earnings boost

The supply/demand dynamics benefit Australia’s iron ore miners, according to the latest research by the Macquarie Group.

Vale says BSG ordered to pay it $1.25B

The joint venture intended to explore for iron assets at the Simandou prospect, but the concession was revoked in 2014 by Guinea's government.

Rio Tinto says fire damages Pilbara iron ore operation

The company does not say whether this would impact shipping of the mineral.

Squeeze from Brazilian iron ore disasters a boon for $1.5B magnetite pellet project

The Brazilian mine dam collapses and resultant forced shutdown of some of that country’s iron ore mines had caused a major seaborne supply squeeze across all of the commodity’s types.

Vale opens talks on compensation for dam disaster victims

Vale SA has opened negotiations with prosecutors and families of victims of the deadly January dam disaster.

As Goldman backs off, Citi says chase iron ore rally to $100

Iron ore’s poised to hit $100 a ton, according to Citigroup, which highlighted “very, very low” seaborne cargoes just as data from China may show a pick-up in demand.

A million tonnes of copper is on the way: it may not be enough

Giant mines currently under construction will churn out an additional one million tonnes of copper through 2023, but that won’t be enough.

Vale minority shareholders push for board, voting changes

A group of minority shareholders in Vale SA has proposed an alternative board member and to change the board election to a cumulative voting system.

$6 billion private capital ready to invest in mining

Fundraising by unlisted funds for investment in natural resource reached a record $93 billion last year.

Investors with $10 trillion in assets pressure miners over tailings safety

The move is aimed at providing a tool for institutional investors to assess the risk from their holdings in mining companies.

World's largest iron ore port expects higher exports post Vale

With a market facing a global deficit, the world’s biggest iron ore export port is flagging a timely boost in shipments as Fortescue and rivals bring on new mines in Australia’s Pilbara region.