Iron Ore Mining News

This chart shows actual China GDP growth highest since 2014

Few trust official Chinese growth numbers, but new research shows activity across a wide section of the economy accelerated sharply in the first quarter.

Vale back in the black on higher iron ore prices, currency

Vale’s results for the first three months of 2016 makes it the best-performing major iron-ore miner so far this year.

Anglo American to sell Brazilian units to China Molybdenum for $1.5 billion

The niobium and phosphates division, which consists of mines, plants, processing facilities, chemical complexes and deposits, was one of Anglo’s more profitable businesses.

Iron ore price plummets amid Chinese speculative mania

China clamps down, but Beijing's record on market intervention is not good and speculative bubbles tend to blow up spectacularly inside the country.

Adani’s $12bn Carmichael project hit with yet another lawsuit

A green group asked the Supreme Court in Queensland to review the environmental approval of the controversial coal mine and rail project.

Iron ore price: Only question now is how rapid the fall

Beijing clampdown on Chinese commodity markets where six out of ten of the world's most active derivates are now traded doesn't bode well for iron ore price.

What iron ore futures tell us about oil prices

With commodity prices falling precipitously during the last 2 years it has been a hard time for both commodity market analysts and commodity exporting countries’ finance ministers.

CAT chairman pours cold water on mining rally

"It is not clear at this time that the current prices are either sustainable or sufficient".

Chart: The march of the zombie miners continues

It was just over a year ago that Tony Simon, President of Seguro Consulting, brought to our attention the initial problem of the zombie miners (definition referred to mining exploration companies that had negative working capital and therefore did not meet the Continuous Listing Requirements (CLR) for the TSX and TSX-V stock exchanges).

X2 said to miss out on Anglo's Brazilian mines

Mick Davis's private equity firm not on shortlist featuring Vale, Mosaic and Eurochem for $1.5 billion phosphate and niobium operations in South America.

This insect’s guts could be key for mining remediation

The new method would allow for specialized plants, which are critical for biodiversity, to be re-established faster around old iron ore mines.

Miners spending again: $50 billion capex in five months

Confidence returns to mining sector as announced capital outlays surge to $108 billion – greenfield project spending up three-fold in first quarter.

Anglo shareholders revolt against Cutifani’s $4.9 million pay

Full voting results will be released on Friday.

Services sector saves jobless miners in Australia

While Queensland's miners axed 22,000 positions between 2013 and 2015, health and community services created new jobs for almost double that number.

Iron ore soars past $70 to a 16-month high

The spot price for benchmark 62% fines gained 8.78%, the third largest surge since iron ore pricing first began in May 2009.

As prices surge, Vale joins iron ore production guidance cuts

Vale says 2016 output will come in at the lower end of expectations, potentially pushing the Brazilian giant to number two in global iron ore rankings.

Iron ore price leaps to 10-month high

Iron ore up 12% for the week to $64 a tonne – coking coal rallies to one-year high.

BHP Billiton cuts iron ore target by 10M tonnes

This would be the first time BHP reports a annual drop in iron ore output since it completed its merger with Billiton in 2001.

Iron ore price vaults $60

Up 7.5% over two days as bears run out of explanations.

Delays in rollout of autonomous technology forces Rio Tinto to cut iron ore guidance

The world's No. 2 iron ore miner has cut its production guidance for 2017 by as much as 20 million tonnes.

Iron ore price: Rollercoaster continues with fresh rally

More than 4% rally on Monday stops price just short of $60 on speculation BHP and Rio output will disappoint.

BHP, Rio Tinto may axe iron ore guidance — report

Both miners announce March quarterly numbers this week.

Adani $12 billion Carmichael coal project faces fresh legal challenge

Australia’s indigenous people Wangan and Jagalingou, traditional owners of the land proposed to host the project are challenging it in court.

Afghan mineral wealth being looted by strongmen, experts say

Afghanistan has reserves of coal, copper, iron ore, zinc, mercury, rare earths, gems such as rubies and emeralds, gold and silver worth about $3 trillion.

Iron ore price reverses as Rio Tinto predicted

Iron ore price drops as outgoing CEO of world's number two producer tells shareholders rally will fizzle out soon.