Iron Ore Mining News

Indian iron ore shipments up 169%

The amount of iron ore handled by India's ports has more than doubled in the period between April 2016 and January 2017.

Mining industry leaders meet again at PDAC 2017

For the second consecutive year, PDAC will host the International Mines Ministers Summit (IMMS) with 25 countries attending to it.

Rio Tinto defers former CEO Walsh bonus over Guinea scandal

Sam Walsh's bonuses, potentially worth millions, had been delayed for at least two years as investigations continue into dubious payments related to Simandou iron ore project in Africa.

CAT shares hammered as feds search offices

Federal officials executed a search warrant at three of Caterpillar facilities, including the corporate headquarters in Peoria.

Human activity creates 208 new mineral species

Study shows mining has sparked "unparalleled inorganic compound diversification" like rabbittite at Lucky Strike, Utah and a handful found on smelter walls

BC Iron tries its luck in the potash industry

Joint venture with Kalium Lakes has added the Carnegie potash project in Western Australia to the company’s increasingly diverse project portfolio.

Canada’s Saskatchewan and Manitoba are the world's new top mining destinations

Both provinces displaced Western Australia from the first to the third place thanks partly to their rich mineral reserves, competitive tax regimes, efficient permitting procedures, and certainty surrounding environmental regulations.

IOC green-lights new iron ore pit in Labrador

The Iron Ore Company of Canada (IOC) is taking advantage of rocketing iron ore prices by pushing forward with its Wabush 3 iron ore mine in Labrador, Canada.

Vale swings back into the black on soaring iron ore prices

The world's No.1 iron-ore producer recorded a net profit of $3.98 billion in 2016, a significant recovery from a loss of $12.13 billion it reported a year earlier.

Caterpillar touts automation solutions as top miners swing back to profit

The world's No.1 heavy machinery maker is telling miners not to rest on their laurels now that the industry is finally coming back up from a brutal downturn and keep focused on maximizing returns and efficiency.

Iron ore sharp recovery helps Fortescue nearly quadruple profit

The world's fourth largest miner of the steelmaking ingredient said it also benefitted from declining costs.

Anglo American not selling assets any more as it returns to profit

The world's number five diversified miner posted its first annual net profit in five years.

Global steel production is surging in 2017

Up 7% year on year across all regions, supporting rally in iron ore and rebound in coking coal prices.

BHP Billiton back into the black, pays higher-than-expected dividend

Net profit was $3.2bn for the six months to December 31, compared with a loss of $5.7bn in the same period a year earlier.

Iron ore price sets fresh 30-month high

Despite new survey showing consensus for a steep correction this year.

Canada losing ground as mining investment destination

Report by the Mining Association of Canada (MAC) says the country is not in a good position to benefit from the increasing number of companies ready to make new and significant investments.

Vale’s iron ore output just hit another record

The world’s No.1 iron ore miner produced 349 million tonnes of the steelmaking ingredient in 2016, helped partly by the opening of its massive S11D mine.

Kumba’s earnings doubled on higher prices, cost cutting measures

The Anglo American's unit logged earnings of $607 million for 2016, basically double the $304 million it recorded in 2015.

Iron ore soars past $92 a tonne, highest price in 2.5 years

Prices for the steelmaking commodity have more than doubled in value over the past year following near-decade lows of $38 a tonne in December 2015.

Iron ore price hits 2.5-year high

Chinese import volumes rise to second highest on record in January.

Coal dust near Great Barrier Reef worries scientists, environmentalists

Coal has washed up very close to the UNESCO World Heritage Site, Australian authorities said, following an investigation into complaints of black dust on nearby beaches.

Thabazimbi mine to be transferred to ArcelorMittal South Africa Ltd

Until 2014 Thabazimbi was a captive mine owned and run by SIOC, but supplying ore exclusively to and funded by AMSA.

Anglo American to sell Kumba despite iron ore rally — experts

While iron ore prices have climbed 90% in the last year to over $80 a tonne, the sale of Kumba would prove prudent for Anglo's long-term outlook, given its high debt load, BMI analysts say.

BHP to spend $2.2bn on US Mad Dog oil project

Expansion has the potential to increase production to 140,000 barrels of oil per day from the about 80,000 barrels it currently generates.

Rio Tinto logs first annual gain since 2013 on iron ore rally

Shareholders will be the main beneficiaries of the company's cautious approach to capital expenditure in the last three years as it will pay bigger-than-expected divvy of $1.70 per share.