Iron Ore Mining News

Rio Tinto completes sale of Australian coal asset

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.

Metal prices, financing, exploration and assays are all up

No longer under water.

China's Shandong Xinhai told to cut nickel pig iron output for summit -official

Shandong Xinhai has annual nickel pig iron production capacity of around 1.2 million tonnes.

Tharisa may join $4.2bn Zimbabwe platinum project

Tharisa would join Karo Resources, founded by mining entrepreneur Loucas Pouroulis, in building the mine.

Here’s what miners are getting wrong when it comes to digital transformation

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.

Billionaire's battered miner may face investor, political unrest

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.

Vedanta’s troubles worsen as Indian state orders permanent closure of smelter

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.

Chinalco closes gap on top aluminium producer Hongqiao via Yunnan deal

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.

Fortescue goes ahead with $1.3bn iron ore project in Western Australia

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.

Vale sees key mine topping iron ore output forecasts in 2018 -source

Brazilian miner Vale SA expects iron ore output at its premier S11D mine to reach 58 million tonnes this year.

China opening may spark iron ore to become more like crude oil: Russell

Iron ore is still a long way behind other commodity markets, such as crude oil, where paper trade exceeds physical by large multiples.

Agarwal wants to build Indian commodity giant to rival majors

Despite its insatiable appetite for materials, India is yet to impose itself among the mining heavyweights like Australia, China or even the U.K.

Mining capital projects: Are you ready for the next CapEx investment cycle?

With new technologies providing opportunities for growth, mining companies are preparing to launch into a new wave of investment.

This iron mountain looks more like a molehill: David Fickling

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.

Iron ore market dynamics are shifting beneath calm facade: Russell

Structural changes in the world's biggest importer, China, are re-shaping how the industry works.

Iron ore king vows to protect market from days of boom and bust

Fabio Schvartsman is pursuing a disciplined approach, keeping tens of millions of tons in the ground each year to prevent another painful glut.

How to lead digital transformation

"You're starting to see AI being used in some quite interesting ways within processing."

Congo billionaire seeks French loan to develop iron-ore railway

The 450-kilometer (280-mile) track will link the southwestern town of Mayoko to a port at Pointe Noire.

Young Australians oblivious to mining

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.

EU heads discuss bold-or-fold strategy toward Trump tariffs

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.

BHP faces shareholder class action over Brazil mine disaster

Australian law firm Phi Finney McDonald alleges BHP knew the dam was at imminent risk of breaking but did not tell markets.

Rio Tinto says climbing costs, resource nationalism once again big threats

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.

Materials buoy Aussie shares as BHP hits highest since August 2014, NZ at record

BHP shares rose nearly 2 percent, hitting their highest in about 45 months.

China's steelmaking raw materials extend gains on firm demand outlook

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.

Canada / U.S. big players announce world’s first carbon-free aluminum smelting process

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.