Two major shareholders of Brazilian mining company Vale SA are likely to reach an agreement on Wednesday to pay 2.82 billion reais ($692 million) to Eletron to settle a dispute over Vale shares.
Iron Ore Mining News
Down 18% in H1.
This deal would help entrench China's position as a serious competitor in global steel markets.
Finnish mining technology company Outotec will pull out of Iran due to the new U.S. sanctions.
The U.S. Treasury in April imposed sanctions against billionaire Oleg Deripaska and eight companies in which he is a large shareholder, including aluminum exporter Rusal, in response to what it termed "malign activities" by Russia.
Blockchain technology and the smart contracts it enables are the next innovations the mining industry needs to adopt in order to improve efficiencies and increase market transparency, a paper published by global law firm White & Case says.
China, the world's biggest consumer of the steelmaking ingredient, has ramped up buying of higher-quality, less polluting grades of iron ore as it battles to clear its notoriously smoggy skies.
The fresh round of returns follows Rio’s promise in August to give shareholders up to $7 billion through dividends and share buybacks.
Subway expansion plans require 80 million tonnes of steel, a need which arises as Beijing looks to boost economy amid trade war with U.S.
Poland's state-run JSW awaits approval from the Energy Ministry in its bid to acquire the mining assets of Australia's Prairie Mining
Rising U.S - China trade tensions threaten to curb consumer purchasing power, crimp productivity growth and limit global economic expansion.
In just five years, Anglo assembled marketing operations that now sell more metals than the company produces.
Mercuria will spearhead a $650 million investment package in the miner in exchange for the stake under a memorandum of understanding.
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.
Using seven Caterpillar 793F CMD autonomous trucks, the miner was able to transport 26% more ore at Brucutu mine in just a month.
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.
MINING.com interviewed the Minerals Council of Australia CEO.
Aluminum prices jumped in April after the U.S. announced sanctions on Rusal, the top supplier outside of China.
Drilling at new projects up 57% as spending on gold exploration reaches 21-year high.
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.
Assore reported a 1.9 percent fall in annual profit on Thursday as a strong rand currency offset favourable commodity prices and higher sales.
Chinese coking coal futures rose their most in a month on Thursday, buoyed by firm physical prices.
ArcelorMittal signed a preliminary agreement last year to buy Ilva, which has the largest steel-producing capacity in Europe.
Contracts held by investors in China's iron ore futures have fallen to the lowest in more than three years.