Iron Ore Mining News

All these Australian mines are reopening thanks to the rally in coal prices

Glencore has already restarted its Collinsville mine in Queensland and there are at least seven other coal operations set to resume production before year-end.

Botswana Diamonds finds octahedron in sample material at Orapa

The company, which began exploring the area in March this year, said that specialists from its joint venture partner Alrosa are reanalyzing 80 tonnes of samples that were sent to South Africa.

Iron ore price explodes higher

Iron ore price tops $60 a tonne after 5% jump – Chinese futures trading halted after maximum daily movement reached.

Anglo American soars on positive production report

Shares were up more than 5% after the firm posted higher output across all divisions, except for copper, and said market conditions for its diamond business had improved.

Vale, BHP iron ore venture can't pay creditors

Brazil's suspended iron ore producer Samarco misses another payment on its $3.8 billion debt as it struggles to stay afloat following deadly dam burst.

Caterpillar axes sales forecast, warns factors depressing orders could linger

While quarterly earnings beat analysts expectations, revenue fell short of estimates and CAT also lowered its full-year guidance.

Caterpillar rally hindered by fresh drop in sales

The world’s largest heavy machinery maker has logged a 18% drop in global sales of machinery for the three-month period ended in September.

Mining robots key to colonizing Mars — Elon Musk

He envisions people living in big glass-carbon fiber domes on the surface, with additional areas mined out below the surface by robots for "industrial" uses.

Brazil charges 21 people with homicide in Samarco disaster

If convicted, accused executives could face sentences of between 12 and 30 years in prison.

Rio Tinto to ship less iron ore despite increased demand from China

Smaller rival Fortescue Metals went the opposite way — it increased iron ore exports by 5% in the Sep. quarter.

2017 not so good for nickel: BMI

BMI predicts that in 2017 nickel prices will start to moderately decline, as the global market moves into 27.2 thousand tonnes surplus.

BHP Billiton to lose chairman Jac Nasser next year

He said he had intended to announce his retirement last year but chose to stay on while BHP dealt with the aftermath of the Samarco mine disaster in Brazil.

World's largest miner wants 50 pct of workforce to be female by 2025: report

"We challenge dated stereotypes about jobs in the resources industry.”

World’s top miner BHP Billiton finally sees signs of recovery in mining

BHP is not the first major player to flag green shoots in the mining industry. Caterpillar, the world's largest heavy machinery maker, said the same last month.

Caterpillar CEO Oberhelman to step down in March

Jim Umpleby, group president for energy and transportation, will succeed Oberhelman as chief executive.

Cyclones off Western Australia could hike iron ore price 

Western Australia, which hosts the Pilbara iron ore belt, has a 67% chance of getting more than the average 11 tropical cyclones from November to April.

Aussie iron ore magnate Rinehart takes her children to court again

The move comes about 17 months after her children — John Hancock and Bianca Rinehart — won control of the family fund.

NGOs want Venezuela to halt mining concessions, claim violations of Indigenous rights

Advocacy groups are taking issue at the Mining Arch of the Orinoco River National Development Strategic Zone.

Kumba becomes the sole owner of Sishen mine

South Africa has granted the miner, a unit of Anglo American, previously disputed mining rights at the operation, ending a seven-year dispute.

Coking coal, iron ore prices resume surge

Chinese traders back from week-long holiday continue to chase steelmaking raw materials.

Fresh blow to world's largest mining project

World Bank pulls out of $20 billion Simandou iron ore project in Guinea, West Africa.

Nigerian minister wants $500 million for mining sector

Minister Kayode Fayemi is negotiating a $500 million investment fund with the Nigerian Sovereign Investment Authority.

Plan Nord: Extracting the most value for Quebec

" Despite the uncertainty around global metal prices, Quebec Premier Philippe Couillard has thrown his support behind a project that has the potential to be transformational for the north of his province."

CHART: Despite unnerving gold price fall, mining rally's intact

While met coal is clearly the star performer, thermal coal is probably the biggest upset – seaborne prices have jumped 65% in 2016 to above $80 a tonne.

World’s No. 1 miner BHP Billiton put its money on oil and gas

The company believes the market is set to move back into balance in 2017, with demand to exceed global supply.