Iron Ore Mining News

Australia's mining project pipeline dwarfs other countries

Significant brown and greenfield projects through 2020 nearly outnumber the next ten countries on the list.

Here comes the half conveyer-belt, half train hybrid

Elevated below rail technology has the potential to open up significant mining assets long considered stranded.

Iron ore price back below $50

Down 27% in a month – 14 reasons the iron ore price has a lot further to fall.

Planetary Resources now has $21 million to help miners find resources… on Earth

Funds will be used to deploy and operate the firm's Earth observation program, known as Ceres.

BHP to boost copper output, lower costs at vast Olympic Dam

BHP wants find a way to up output for the industrial metal from its Olympic Dam by 40% even before a proposed and long-awaited mega-expansion of the operation takes place.

Nautilus underwater project in Eastern Pacific richer than thought

Inferred mineral resources for Nautilus' CCZ project went up to 685 million tonnes from 410 million tonnes.

Boom in private debt financing for mining

Australia's Taurus raised $683m to invest in mining company debt last year, while two funds currently in the market are targeting investor capital of $800m.

Gold price rally boosts Canada’s mining sector growth

Strong performance also came on the back of strategic initiatives, such as non-core asset sales, aggressive cost control measures and a disciplined approach in reducing debt.

Iron ore price falls 5% – China scrap adds to oversupply fears

China's steel association warns accumulated steel output will exceed 10 billion tonnes in 2016 as scrap prices drop below pig iron costs inside the country.

Rio Tinto makes management changes

Rio Tinto has appointed Stephen McIntosh as the acting Group executive, Technology & Innovation

Canada's Inuit group shows its members the mining money

Association is set to pocket 1.19% royalty on net Baffinland iron ore sales

China plans $720B infrastructure investment, but iron ore still oversupplied

China plans to invest CNY4.7 trillion ($720 billion) on 303 transport infrastructure projects over three years but that may not be enough to give a strong boost to commodity prices in an oversupplied market.

No white knight for idled Wabush Mines

The mine's assets are now in the process of being liquidated.

Vale readies for iron ore price war

For competitors S11D is a four-letter word.

Steel Dynamics Inc. wins metals company of the year: Platts Global Metals Awards

Steel Dynamics, Inc. (SDI), one of the United States’ largest steel producers won the prestigious Metals Company of the Year award at the fourth annual Platts Global Metals Awards, which recognize exemplary performance in fifteen categories across the steel, metals and mining complex.

South African miners to pay 67% of acid drainage clean-up costs

The government will pay for two-thirds of the cost by collecting money from mining companies through a new environmental levy.

South Africa chamber of mines says half of members in the red

Group represents the country's largest mining companies, including AngloGold Ashanti, Sibanye Gold and Impala Platinum Holdings.

Rio Tinto forges ahead with Simandou, the world's largest mining project

The massive Simandou project, in Guinea, is considered the world's biggest untapped iron ore deposit.

Australia’s geoscientist employment slump enters its third year

Employment prospects for Australia’s professional geoscientists deteriorated even further in the opening quarter of 2016, driven down by mining’s negativity and dashing hopes for an improvement in the geoscientist employment situation.

Iron ore keeps dropping

Supply-demand fundamentals for iron ore appear to be moving back to balance amid steel supply concerns and after Chinese stock market regulators announced more steps to discourage speculative trading in the steelmaking commodity.

Ivan Glasenberg's advice is buy not build, but rival miners aren't listening

Glencore's boss has consistently spanked his competitors for wasting and ultimately popping the now deflated long resources boom through a suicidal splurge on growth that took no account of demand and pricing.

Miners going broke – worst still to come

New report says mining and metals companies set to default on debt at more than three times the historical rate going back to 1983.

CHARTS: The May mining and metals meltdown

Seven trading days in and already global mining investors are nursing double digit declines as everything from copper to met coal to silver take a beating.

Iron ore price bubble bursting

In a rerun of last year's stock market collapse in China, mainland retail investors are now fleeing raw material markets frantically bid up since March.

A mea culpa for not recognizing the 2011 resource bubble

"But, alas, I was fooled."