Iron Ore Mining News

Mining the Americas in 2019 — a forecast

Canada's cobalt sector and Ecuador's budding mining sector for copper and gold will be investment hot spots.

EU agrees to extend steel import curbs until 2021

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.

Mining’s biggest jobs are up for grabs. Here are the contenders

Some of the mining world’s top executives are starting to plan their departures.

Brazil miner Vale gets approval to buy 3 wind farms in northeast

The move has comes as Vale aims to generate all of its energy needs from renewable sources.

China's 2018 iron ore imports fall 1%, first annual drop since 2010

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 calls force majeure on some iron ore shipments after fire in Australia

Rio Tinto is assessing the full impact of the damage and will do all it can to try and minimize disruption to our customers.

Potential 2019 El Niño poses risks to some South American mining regions

El Niño could impact countries such as Brazil, Colombia, and Ecuador that heavily rely on hydroelectric plants to generate.

The rising cost of socially responsible investing: Mark Gilbert

As the saying goes, if you think knowledge is expensive, try ignorance.

China industry ministry to ban new steel project expansions – Xinhua

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 betting on South America to grow base metal assets

Anglo American has obtained hundreds of permits to explore in the Brazilian states of Mato Grosso and Para.

Fire batters Rio Tinto's Cape Lambert iron ore export terminal

The port is one of two terminals Rio Tinto uses to ship iron ore from Australia's Pilbara mining region.

China steel prices rise on consumption boost plans, trade talk hopes

China plans to introduce policies to boost domestic spending on items such as automobiles and home appliances this year.

Goldman warns iron ore's jump into $70s`is not sustainable'

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 to set up plate mill in U.S. Midwest for $1.35B

Nucor is benefiting from higher steel prices for domestic producers due to tariffs imposed on imports by the Trump administration last year.

China iron ore futures hit over 2-month peak on restocking hopes

Chinese steel futures rose on Friday buoyed by expectations that steel mills would replenish their stocks of the raw material.

Anglo American management shake-up sees Brazil-based CEO replaced

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 plans to delay ex-CEO's bonus again amid Guinea probe

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.

Commodities cap another dismal year as '19 offers tough test

Raw materials have lost ground amid a flurry of signs the pace of expansion will slow next year.

India in talks with US over steel tariff exemption – govt official

"We need to look after the interests of the domestic steel industry"

Board of Brazil's Vale gives CEO Schvartsman another term

Schvartsman, appointed CEO in March 2017 to replace Murilo Ferreira, had been set to end his term in May.

Rio Tinto says no job cuts in 2019 due to driverless train project

The $940 million rail project, AutoHaul, is focused on driverless train movement to transport ore and has been in development since 2012.

Human activity creates 208 new mineral species

Study shows mining has sparked "unparalleled inorganic compound diversification" like rabbittite at Lucky Strike, Utah and a handful found on smelter walls

Dalian coke futures end at 3-week low on demand concerns

Chinese iron ore and rebar contracts, however, edged up on hopes that steel demand will pick up.

China's Minmetals to buy 2.04m tonnes iron ore from Rio Tinto in 2019

Minmetals will purchase Pilbara Blend lump ore that will delivered through 12 cargoes and priced at around $144.94 million.

Mining M&A jumps to five-year high

1,349 announced mining deals valued at $86B through December 18, up 60% from 2017.