As soon as the sale was completed, Rio received $150 million in cash and is set to get an unconditional cash payment of $50 million due in 12 months.
Iron Ore Mining News
No longer under water.
Shandong Xinhai has annual nickel pig iron production capacity of around 1.2 million tonnes.
Tharisa would join Karo Resources, founded by mining entrepreneur Loucas Pouroulis, in building the mine.
While the global mining industry is quickly becoming more digitally mature, that transformation continues to focus on productivity and profitability, rather than on much needed innovation, a new study shows.
A combination of bad news across its operating industries has made Vedanta one of the biggest losers this year among the 10-member S&P BSE India Metal Index.
Deadly protests last week over alleged pollution from the Tuticorin smelter have prolonged a shutdown of the 400,000 tonnes-a-year operation. This time it seems to be forever.
Yunnan Metallurgical Group, which controls Yunnan Aluminium Co Ltd, will be merged into China Copper Co, a joint venture between Chinalco and the Yunnan provincial government.
The Eliwana mine will help the company lift its iron ore grades and so satisfy the new demands of its biggest customer, China, which is increasingly asking for higher quality ore for steel mills to help cut smog.
Brazilian miner Vale SA expects iron ore output at its premier S11D mine to reach 58 million tonnes this year.
Iron ore is still a long way behind other commodity markets, such as crude oil, where paper trade exceeds physical by large multiples.
Despite its insatiable appetite for materials, India is yet to impose itself among the mining heavyweights like Australia, China or even the U.K.
With new technologies providing opportunities for growth, mining companies are preparing to launch into a new wave of investment.
Ore imports aren’t just going up because China’s producing more steel: They’re rising because it’s producing less iron ore as well.
Structural changes in the world's biggest importer, China, are re-shaping how the industry works.
Fabio Schvartsman is pursuing a disciplined approach, keeping tens of millions of tons in the ground each year to prevent another painful glut.
"You're starting to see AI being used in some quite interesting ways within processing."
The 450-kilometer (280-mile) track will link the southwestern town of Mayoko to a port at Pointe Noire.
Despite mining contributing about 6 per cent of the country's GDP, a study revealed that almost six out of 10 of young Australians know nothing at all about mining careers.
European leaders sought unity on Wednesday toward threatened U.S. import tariffs on steel and aluminium, balancing the views of those most fearful of a trade war and those determined not to be bullied into concessions.
Australian law firm Phi Finney McDonald alleges BHP knew the dam was at imminent risk of breaking but did not tell markets.
Chief executive Jean Sebastien-Jacques said the challenge for the industry is to ensure the benefits from the past frugal years are not lost against a backdrop of rising oil prices and increased political risk.
BHP shares rose nearly 2 percent, hitting their highest in about 45 months.
The price of steelmaking raw materials in China rose for a second session on Monday on optimism that steel mills will replenish stockpiles as steel production increases and as iron ore inventories at ports decline.
Alcoa and Rio Tinto announced the launching of Elysis, a joint venture company whose goal is to push towards commercial production a newly discovered, carbon-free aluminum smelting process.