Ore with 62% content in Qingdao lost $2.33 a tonne to close at $57.91, data from the Metal Bulletin shows, hitting a seven-month low and marking the commodity third consecutive weekly fall.
Iron Ore Mining News
While some residents of Kiruna have moved already, the first of the town’s historic buildings has just been hoisted up on a truck and transported to its new location.
Chinese stockpiles at new record high and sovereign debt downgrade worry investors.
Remote mining projects in farming areas could soon access baseload electricity from biomass plants powered by straw.
30m tonnes per year operation jointly owned by BHP and Vale shuttered since November 2015 following dam burst.
Chinese furnaces make the most of slump in domestic prices to double scrap charge rates which could displace as much as 70 million tonnes of iron ore.
The company said that today’s announcement is part of its ongoing capital management plan.
The company, which could lose the arbitration as a result, will have to pay the amount to former partner Vale.
Move comes 15 months after the country’s government halted the planned revision amid opposition from mining companies and low commodity prices.
The change will apply to more than 5,500 Australian suppliers under $1 million of expenditure.
An NGO based in the southern Bolívar state is calling the Venezuelan government to kill the 2016 decree that creates the Mining Arch of the Orinoco River National Development Strategic Zone.
Forget One Belt, One Road, the impact of Xiongan New Area on copper, iron ore and aluminum prices will be felt much earlier says new report.
US activist investor steps up pressure on BHP to ditch petroleum. Mackenzie says company already knows what to do to lift value by 50% and double return on capital.
Move comes barely seven months after Rio Tinto agreed to sell it its stake in Simandou for up to $1.3 billion.
Move comes on the heels of calls from shareholders including activist investor Elliott Management and Australia’s Tribeca Investment Partners for a change of BHP's corporate structure.
Strong growth this year won't last says World Steel Organization.
BMI Research expects prices to continue sliding for at least the next five years on rising supplies from Australia and Brazil and evidence of Chinese demand cooling earlier than expected.
Market rumours point at South32 as the most likely buyer, since the miner decided last month to ditch its $200 million acquisition of Peabody Energy’s coal mine in New South Wales.
And why the worst may be over already.
The miner faces another shareholder revolt as Australia’s Tribeca has joined calls by US activist investor Elliott Management for an exit from shale to free up capital.
It’s been a bad week for iron ore, with all indices steeply lower on Friday for a second consecutive day.
Whether we’re discussing the ancient merchants that traversed the legendary Silk Road, or the transfer of goods across modern border lines, trade has always been about building close relationships.
In Asia, trading was halted after prices sank 7.3%, which is the maximum a day allowed by Chinese regulators.
The blast took place at a mine located in Iran's northern Golestan province on Wednesday morning.
Industrial and precious metals, coal, oil, as well as natural gas, collectively accounted for just 6.2% of foreign direct investment into the continent last year.