Canada's cobalt sector and Ecuador's budding mining sector for copper and gold will be investment hot spots.
Iron Ore Mining News
All steel imports will be subject to an effective cap until July 2021 to counter concerns of EU producers that European markets could be flooded by steel.
Some of the mining world’s top executives are starting to plan their departures.
The move has comes as Vale aims to generate all of its energy needs from renewable sources.
The fall in iron ore purchases for 2018 came as a 70 percent plunge in profit margins since late October cut the incentive for steelmakers to ramp up output and restock raw materials.
Rio Tinto is assessing the full impact of the damage and will do all it can to try and minimize disruption to our customers.
El Niño could impact countries such as Brazil, Colombia, and Ecuador that heavily rely on hydroelectric plants to generate.
As the saying goes, if you think knowledge is expensive, try ignorance.
Miao Wei, minister of industry and information technology, said the capacity expansion ban would also apply to the cement and flat-glass industries.
Anglo American has obtained hundreds of permits to explore in the Brazilian states of Mato Grosso and Para.
The port is one of two terminals Rio Tinto uses to ship iron ore from Australia's Pilbara mining region.
China plans to introduce policies to boost domestic spending on items such as automobiles and home appliances this year.
While industry fundamentals have improved, current prices won’t last as more supply is on the way. The bank expects a decline to $60 in six months.
Nucor is benefiting from higher steel prices for domestic producers due to tariffs imposed on imports by the Trump administration last year.
Chinese steel futures rose on Friday buoyed by expectations that steel mills would replenish their stocks of the raw material.
Ruben Fernandes, who has led the company’s iron ore and nickel interests in the South American country for almost three years, will become CEO of Base Metals effective March 1.
Rio said it would postpone any short- and long-term incentives owed to Sam Walsh for a minimum of two years. Rio is now planning to extend that time period.
Raw materials have lost ground amid a flurry of signs the pace of expansion will slow next year.
"We need to look after the interests of the domestic steel industry"
Schvartsman, appointed CEO in March 2017 to replace Murilo Ferreira, had been set to end his term in May.
The $940 million rail project, AutoHaul, is focused on driverless train movement to transport ore and has been in development since 2012.
Study shows mining has sparked "unparalleled inorganic compound diversification" like rabbittite at Lucky Strike, Utah and a handful found on smelter walls
Chinese iron ore and rebar contracts, however, edged up on hopes that steel demand will pick up.
Minmetals will purchase Pilbara Blend lump ore that will delivered through 12 cargoes and priced at around $144.94 million.
1,349 announced mining deals valued at $86B through December 18, up 60% from 2017.