Iron Ore Mining News

Top miner sees US – China trade spat limiting global growth

Rising U.S - China trade tensions threaten to curb consumer purchasing power, crimp productivity growth and limit global economic expansion.

Most profitable mining companies in 2017

Polyus.

How Anglo quietly built a commodity trader in Glencore's shadow

In just five years, Anglo assembled marketing operations that now sell more metals than the company produces.

Energy trader Mercuria to grow iron ore business with U.S. mine stake

Mercuria will spearhead a $650 million investment package in the miner in exchange for the stake under a memorandum of understanding.

South Africa's iron ore railway to be shut down for annual maintenance

The railway line stretches up to 861 km (534 miles) from iron ore mines at Sishen in the Northern Cape to the Saldanha port in the Western Cape.

Vale truck fleet at Brazil mine going fully autonomous in 2019

Using seven Caterpillar 793F CMD autonomous trucks, the miner was able to transport 26% more ore at Brucutu mine in just a month.

Australia's Port Hedland iron ore shipments to China rise nearly 10 pct in Aug

Iron ore shipments to China from the world's biggest iron ore port totalled 35.5 million tonnes in August, up from July's 32.4 million tonnes.

Australia’s mining sector pushing for revamped Trans-Pacific Partnership: Interview

MINING.com interviewed the Minerals Council of Australia CEO.

Chinese aluminum gushes onto world markets on Rusal supply fears

Aluminum prices jumped in April after the U.S. announced sanctions on Rusal, the top supplier outside of China.

Mining exploration spending in Australia jumps to 5-year high

Drilling at new projects up 57% as spending on gold exploration reaches 21-year high.

Poland's JSW seeks tighter grip on coking coal with possible Prairie bid -sources

State-run JSW and Australia's Prairie, which is developing mines in Poland, have been in cooperation talks for much of this year but JSW wants control.

South African miner Assore reports profit fall on stronger rand

Assore reported a 1.9 percent fall in annual profit on Thursday as a strong rand currency offset favourable commodity prices and higher sales.

Dalian coking coal extends gains as smog crackdown tightens supplies

Chinese coking coal futures rose their most in a month on Thursday, buoyed by firm physical prices.

ArcelorMittal reaches Ilva deal with unions, opening way for takeover

ArcelorMittal signed a preliminary agreement last year to buy Ilva, which has the largest steel-producing capacity in Europe.

China's iron ore futures push hits speed bump as prices stagnate

Contracts held by investors in China's iron ore futures have fallen to the lowest in more than three years.

India's Anil Agarwal succeeds with Vedanta Resources buyout

Some in the industry see this move as a prelude to a potentially broader deal with bigger miner Anglo American.

The challenge of creating a solution that avoids mining transcripts

Developers want to ease up geologists' work.

Shanghai rebar extends losses into 5th day after rally on output curbs

Shanghai rebar steel futures dropped nearly 1 per cent.

'I was cheated' – Tales from the collapse of a commodity giant

A former Singapore civil servant recounts how he’s lost almost $36,600 in the implosion of Noble Group Ltd.

Vale's iron ore output will rise only if prices increase -CEO

Fabio Schvartsman said the company would ramp up annual production to 450 million tonnes only when prices rise.

Brazil's Usiminas seeks to sell stake in miner Musa

Brazilian steelmaker Usiminas has hired Banco BTG Pactual SA to sell its 70 percent stake in its mining company.

Planes and trains oust miners from top ranks of Canada benchmark

Companies that make and move things are now a bigger part of Canada’s stock market than those that dig them up.

Russian ministries reject proposed windfall tax on metals and mining firms

Russian government ministries have agreed that a proposed windfall tax on metals, mining and chemical companies was inappropriate.

Brazil's Samarco mine unlikely to restart in 2019 -BHP

There is little likelihood that Brazil's Samarco iron ore mine, a joint venture between Vale SA and BHP Billiton, will restart operations next year even though it expects to have all of the required licenses.

BHP’s costs crash diet is running out of steam: David Fickling

Going on a crash diet seems great while you’re shedding the pounds. The problem is sticking with it for the long term.