Iron Ore Mining News

Rio Tinto is buying another $2.5 billion of its own shares

Brings the total to $4 billion for the year.

Iron ore's recent reversal likely the start of longer slide: Russell

As always when prices start to decline after a surge that appeared unrelated to supply-demand fundamentals, the question is will the reverse become a rout and where exactly does fair value lie?

Indian billionaire Agarwal to be Anglo American’s top shareholder

He intends to buy as much as 1.5 billion pounds (about$2 billion) worth of additional Anglo American shares.

Iron ore price drops through $70

Now Australia's central bank wades into debate about the direction of the iron ore price.

BHP Billiton Foundation launches two new transparency projects

BHP Billiton Foundation announced Tuesday its financial support for two new global projects launched at an event held in Washington DC.

BHP’s shareholders to vote whether firm should leave Australia’s top mining lobby group

Investors to vote on the two resolutions submitted ethical investing group ACCR at BHP’s annual general meeting in London in October.

Brazil's Vale to meet debt target before implementing new growth plans – exec

The company is also interested in investing in the electricity sector itself or through a joint venture.

Iron ore price drops as Chinese steel begins to pile up

Chinese steelmakers are producing at record rates before mandated cuts in winter which could result in a steep drop-off in iron ore demand later this year.

Rio Tinto's chief financial officer Chris Lynch to retire in 2018

He joined the company's board in September 2011 and was appointed chief financial officer in April 2013.

India's JSW Steel aims to to increase own iron ore production

The company, India's biggest local steelmaker, aims to be producing 80% of the iron ore needed for its flagship plant in south India in three years time

The $10 trillion mineral resources North Korea can't tap

North Korea may not have proved petroleum reserves, but it's estimated that the secluded belligerent nation sits on reserves of more than 200 minerals—including rare earth minerals—worth an estimated up to US$10 trillion.

Mineral exploration in Australia: Good News

Mineral exploration spending (excluding petroleum), which rose 9.9 per cent in the June quarter to an estimated $437.7 million on a seasonally adjusted basis.

The oil market is bigger than all metal markets combined

Ever since the invention of the internal combustion engine, oil has been one of the most crucial commodities on Earth.

Copper, iron ore price drops bring mayhem to mining stocks

Is the industrial metals and steelmaking raw materials rally at en end?

South Africa's chamber of mines says sector "in crisis"

South Africa holds the world's biggest reserves of platinum, chrome and manganese, but investment in the sector has dropped in each of the past two years as a result of increasing legal uncertainty and labour disputes.

EU states at odds over steel tariffs against Russia, Brazil

Steelmakers have accused the four countries of dumping the steel used in construction and machinery so the European Commission, the trade policy watchdog, had set out plans to levy tariffs of up to 33 percent.

China's Yunnan province starts safety checks on metals plants

Those that do not pass the tests will have to make necessary improvements by the end of December or face closure.

Macquarie says iron ore, coal prices to remain strong into 2018

Prices for iron ore and coking coal, the two key ingredients for steelmaking, are set to remain buoyant for the remainder of the year, Macquarie Bank predicted in a recent report.

Kiwis protest against seabed mining

The Green Party wants to create New Zealand’s largest marine mammal sanctuary in order to stop extractive activities in the South Taranaki Bight

BHP hires Barclays, Citi for US shale gas divestment — sources

The business could fetch around $10 billion, two banking sources said.

EY's Canadian mining eye index sees struggles in Q2

The loss was in part due to weakness in the price of nickel, with zinc remaining flat and copper seeing a slight increase.

Rio opens 16th Pilbara iron ore mine

Silvergrass adds 10 million tonnes of iron ore to the market as price stabilizes in the mid-$70s.

Brazil judge blocks decree allowing mining in Amazon

Federal judge Rolando Spanholo said opening the area known as Renca to mining can only be done by an act of Congress under the constitution.

Sibanye halts divvy for first time as it swings to loss

The miner, South Africa’s largest gold producer, said that in the absence of a dividend, it’ll give investors two new shares for every 100 held.

Brazil to redo Amazon mining decree after criticism

Brazil's government will revise a decree that opened up a vast mineral reserve in the Amazon rainforest to mining responding to overwhelming criticism.