Iron Ore Mining News

Australia iron ore exports rebound in April, but not enough

Australian exports were about 69.1 million tonnes in April, up 20% from 57.5 million tonnes in March.

GFG to spend up to A$100m on Australian copper, iron ore developer

GFG is building up a South Australian franchise to its global steel and energy business.

UK regulator drops big companies from responsible-payment list

Five firms, including BHP, were removed from the Prompt Payment Code, an initiative to speed up settlement of invoices owed to suppliers.

Vale shareholders push to loosen company control over board elections

Minority shareholders of Vale SA have enough votes to request that board members be elected independently using a cumulative voting system.

China's iron and steel association warns on over-capacity, shrinking profits

The country's sprawling steel sector, which has cut 150 million tonnes of steel production over the past three years, was "far from achieving its tasks" amid Beijing's supply-side reforms, the association reports.

Still a way to go to achieve gender balance in the mining industry

According to the Responsible Mining Foundation, most of the companies assessed show little or no evidence of efforts to strengthen the gender balance of their leadership and governance teams.

Iron ore miners should take advantage of high prices and improve their credit scores: Fitch

The credit ratings and research division of the Fitch Group says producers should take advantage of the current environment of lower supply, healthy demand and higher prices.

India’s 2019 elections bode well for mining sector — report

The results of the election will be released May 23.

Transnet installing new iron tippler to sustain iron ore exports

The $208 million project, which includes infrastructure such as a conveyor belt leading to the port, railway tracks and three bridges, is expected to start operations by July next year.

Coal hurts Anglo American’s Q1 production, 2019 guidance unchanged

Production dropped 6% in the quarter.

The brash billionaire who wants to make Australia great again

Clive Palmer, who made his fortune in mining, is running for the Senate on his right-of-center United Australia Party ticket.

Brazilian miner Vale files $2B lawsuit over Guinea project

The arbitration case stemmed from a dispute between Vale and BSG Resources Ltd over a joint venture to develop the Simandou mine.

Top miners back autonomous systems guidelines

The document divides operations into six levels, from zero (entirely manual) to five (fully autonomous), and assists in the preparation of a business case for autonomous mining, depending on level and needs.

Citi says US and China will nail deal, aiding commodities

The outlook for commodities is bullish, according to Citigroup, which expects raw materials to be supported by a potential US-China trade deal, improved demand from China, and a weaker dollar.

Anglo steps up defense to repel Agarwal's interest: Telegraph

Anglo American’s defense advisers are said to plan attacks on the quality of Vedanta’s portfolio compared to Anglo’s assets.

Congo Republic ships first iron ore ahead of expected production boom

A ship loaded with 23,000 tonnes of ore set sail for China Friday, where it will be processed for a European buyer.

Fortescue pares annual iron ore shipments guidance after cyclone

The world's no. 4 iron ore miner cut its fiscal 2019 shipments estimate to 165 million-170 million tonnes, down from 165 million-173 million tonnes.

Chinese iron ore records biggest weekly fall since November

A tropical cyclone hit Western Australia in late March, causing operation disruptions and port damages that would affect some 25m tonnes of iron ore production.

Nerves of steel are needed if iron rally is over: taking stock

The Stoxx Europe 600 is still stuck in a tight range as the earnings season is getting into full swing.

Mick Davis a step closer to mining iron ore in Guinea with Liberia deal

Niron Metals, an investment vehicle co-founded and headed by Davis, has struck a deal with Liberia allowing it to use a rail and port to export iron ore from Guinea's Zogota iron ore deposit.

BHP cuts FY iron ore production guidance as cyclone hits output

The Anglo-Australian miner lowered projections for its fiscal 2019 iron ore production to 265 million-270 million tonnes.

Brazilian court authorizes Vale to resume ops at Brucutu mine

A Brazilian court has authorized Vale to resume operations at the Brucutu mine, its largest in the state of Minas Gerais.

Rio Tinto warning may rupture mining industry into green and dirty

Rio Tinto's warning to mining lobby groups that they have to acknowledge the threat of climate change is likely a sign that the industry will inevitably fracture into two camps.

China's commodity imports look tepid, may be slightly warmer

The decline in commodity imports in the first quarter seem to confirm the narrative of slowing growth in the world's second-largest economy.

Iron ore shortage after Vale disaster hurting Brazil steelmakers — report

Vale's situation could force other steelmakers to halt production if nothing is done to normalize supplies.