Iron Ore Mining News

Brazilian mine tragedy will not be the last tailings dam disaster

Our current prediction is for 19 very serious failures between 2018 and 2027.

Brazil's Vale resumes operations at Espírito Santo port terminal -filing

The authorities had closed the port terminal operated by the miner and fined it 35 million reais ($9.43 million) for throwing mining residues in the sea.

'Let's make Vale private again,' but just not yet

State-development bank BNDES intends to sell shares in the miner, but has yet to find a good moment to do so.

China's iron ore futures extend pullback amid supply speculation

"I think this is just a natural volatility after such a big supply shock"

NGOs push to expel Brazil miner Vale from UN pact over dam disaster

"The Brumadinho disaster shows that favoring profit over safety has been Vale's standard operating procedure."

Inside the global iron ore crisis: What's next in four charts

Iron ore’s dramatic rally will raise costs for steelmakers, potentially crimping their profit margins, unless they are able to pass on the additional burden to customers.

Iron ore futures tumble in Singapore as Vale-driven rally frays

Vale has flagged production cuts of as much as 70 million tons in the wake of the deadly dam breach, spurring worries about a substantial loss of seaborne supply.

Brazil miner Vale knew deadly dam had heightened risk of collapse

We used to say these kinds of mining incidents were acts of God, but now ... we consider them failures in engineering.

China iron ore rises to record on concerns over Brazilian supply

China iron ore futures rose to a record on Monday, the first session after a week-long national holiday, on concerns that supply from Brazil, the country's second-largest ore supplier, may decline after a fatal dam accident at a Vale mine.

Minerals Council of Australia calls for tax, workplace law reform

According to the industry group, such reform would encourage additional investment in capital and technology.

Half of the world’s biggest miners do not keep track of their tailings risk management measures -report

The Responsible Mining Foundation says many of the world’s largest mining companies are not able to ‘know and show’ how effectively they are addressing the risks of tailings dam failure and seepage.

Goldman and its biggest critic agree on iron ore, finally…

In the near term, the significant disruption to Brazilian supply will likely keep iron ore prices elevated and volatile.

US Steel wins tax breaks from one of America's poorest cities

"The 50% tax cut for U.S. Steel to stay in Gary is not going to cause a population growth and employment opportunities."

India's Tata Steel Q3 standalone profit soars on robust production

Analysts have said that due to pressure on steel prices, the third quarter could be the last good quarter for steelmakers before a long period of muted growth.

Iron ore powers to highest since 2014 as Vale crisis intensifies

This week’s drama has played out as the most important iron ore user has been offline, with Chinese markets closed for Lunar New Year.

Hundreds evacuated in Brazil on fears over mining dams safety

About 700 people were evacuated from two towns located near tailings dams operated by Vale and ArcelorMittal on mounting fears after last month's breach at Brumadinho, the country's deadliest mine disaster.

Steelmaker Voestalpine tones down expectations after Q3 loss

The European steel sector is navigating choppy waters as the car industry is slowing and pressure on oil prices has dampened demand from the oil equipment industry.

ArcelorMittal sees small steel demand rise, shares slip on margin concerns

ArcelorMittal is investing in projects in Mexico and Brazil, and has bought Votorantim in Brazil and Italy's Ilva, Europe's largest capacity steel plant.

Russia's MMK says 2019 output volumes will remain flat

MMK expects healthy output volumes, and that the asset will not remain loss-making in 2019.

Brazil set to ban upstream tailings dams after collapse kills hundreds

The National Mining Agency aims to issue an ordinance on Friday requiring that upstream tailings dams be taken down or converted into other types of dams.

Iron ore prices reach almost two-year high

Analysts believe the price surge lines up with the market halting up to 40 million metric tonnes of Vale’s iron ore production.

GE to support the digitalization of ArcelorMittal’s steel plant in Belgium

"Downtime is a billion-dollar problem for the industry as unplanned outages can cause the industry to lose up to 10% of production time a year”

Vale knew about sensor problems at dam before burst – Globo TV

Vale SA was made aware of problems with sensors designed to monitor the structure of a dam that ended up bursting, 2 days before the disaster.

Samarco said to reboot creditor talks after Vale Dam disaster

Creditors rejected Samarco’s offer to treat the injections as senior or pari-passu debt.

Vale licenses to operate Laranjeiras dam, Jangada mine canceled

The cut in output forced Vale to declare force majeure in iron ore and pellets contracts on Tuesday.