Iron Ore Mining News

Liebherr to expand presence in America’s mining sector

The equipment maker has a very strong presence in Europe, Australia and Africa, but says in North and South America there's plenty of room for improvement.

More than 2,000 miners sacked at Sibanye’s Cooke gold mine

Miners who received a termination letter will hold a mass meeting at the mine Wednesday morning.

Top paid positions at Canadian mines

General managers average $212,790 per year at Canadian mines

China imported record iron ore in September as steel output curbs start to bite

The amount of iron ore shipped to China surpassed 100 million tonnes for the first time in September.

This truck will help Liebherr become a bigger name in mining

Company is finishing up first field trial for its T 236 diesel electric truck and it expects to have it commercially available by the end of 2018.

Fortescue Q1 iron ore shipments up, price forecast down

Fortescue Metals Group reported slight rise in fiscal first-quarter iron ore shipments, also warned its ore was selling at a greater discount than expected.

Vale is stockpiling iron ore to make the most of higher prices

Third quarter results for the Brazilian miner, the world's top iron ore producer, show a 19 million tonne gap between sales and output.

Anglo American’s Kumba raises production target

Kumba Iron Ore increased its full-year production target by 1-million tonnes.

Iron ore prices: a story of ups and downs

Lower grades managed to eke out small gains, while higher grades were under pressure.

Brazil congressional committees vote on reforms helping small miners

While an estimated 61 larger miners will pay more, about 30,000 smaller miners seen as larger job creators will pay less.

Xi's China a boon for mining

President Xi's enormous power means his pet projects like One Belt–One Road and Xiongan New Area will receive the full backing of the state.

UNEP urges mining companies to better manage tailings facilities

The agency is urging mining companies to put safety first and avoid erecting dams using methods that are known to be high risk.

Global steel production at 7-month low

Price of iron ore declines ahead of Chinese winter steel output cuts, widening Kobe Steel scandal.

China steel surges as more output cuts seen; iron ore, coal jump

Mills in some northern Chinese cities ordered to cut output, acting on government policy to fight smog caused by pollution from industrial plants.

BHP expects China's growth to ease modestly over short term

"[W]e expect growth in China to ease modestly over the short-term, as monetary policy tightens and housing and automotive markets soften," Mackenzie said.

Vale’s iron ore output hits another record

Iron ore production rose 3.3% compared with the same period last year to hit a fresh quarterly record of 95.1 million tonnes.

Vale puts stake in New Caledonian nickel unit up for sale

Move is part of a wider review of low performing assets after new Chief Executive Fabio Schvartsman took charge in June.

BHP's copper production up sharply, iron ore down

Fire shrinks Mt Whaleback iron ore production, but output at world's largest copper mine Escondida in Chile jumps 23%.

Copper price: Rio slashes production guidance

Delayed ramp-up at Escondida, mine sequencing at Kennecott.

Iron ore price leaps again

Despite new report predicting zero steel demand growth in top consumer China.

Sibanye scraps planned closure of loss-making South African mines

Precious metals miner said its platinum group metals (PGM) operations had delivered "solid operational results" in the first-half of 2017, prompting an upward revision to its 2017 production forecast and a downward revision to guided costs.

Penguins put $2.5 billion mining project in Chile on ice

A waddle of penguins has stopped a $2.5bn (£1.9bn) mining project in Chile.

Iron ore price soars as Chinese imports reach record high

Monthly cargoes top 100 million tonnes for the first time ever.

Elliott tours BHP investors in renewed push for radical shake-up – sources

Representatives from Elliott have in the last month met with major BHP investors based in London, South Africa and Australia to lay out the activist fund's arguments for an overhaul of the miner.

Iron ore dangerously close to $60 a tonne

Ongoing concerns that looming steel production cuts in China on environmental grounds will sap steel mill demand continue to weigh on prices.