The global glut in iron ore will not be helped by an investment by Rio Tinto to develop its Koodaideri iron ore deposit in Western Australia.
Iron Ore Mining News
43m tonnes per year Mount Whaleback mine in the Pilbara produces the world's number three iron ore miner's highest grade ore.
A second vessel contracted to haul iron ore for Brazilian miner Vale SA was delayed for repairs following the loss of a similar ship that mysteriously sank en route to China leaving 22 people presumed dead.
Mining companies in South Africa have been frozen out of consultation over regulatory changes that could dilute shareholders, raise costs and impose new levies to fund community development.
Steelmaking material dropped to $57.02 a tonne, marking a fresh seven-month low, as large stockpiles continue to weigh on the market.
Iron ore's transformation from a relic of the industrial age to the driving force behind a commodity supercycle that reshaped the global economy.
Western Australia may ask Rio Tinto Group and BHP Billiton Ltd. to pay potentially billions of dollars to end a mining rent tax to help patch a budget decimated by lower commodity prices.
Mark Mobius, executive chairman of Templeton Emerging Markets Group, sees disconnect between industry fundamentals and price swings.
If NASA is successful in its mission to 16 Psyche, one of the most massive asteroids found between the orbits of Mars and Jupiter, humans will have a first ever chance of exploring a world made of iron, not rock or ice.
The Bloom Lake Mine's new owner earlier this month announced new cash for upgrades to the shuttered operation and an offtake agreement with a Japanese trading company to receive iron ore for steelmaking if the mine gets back into commercial production.
Ore with 62% content in Qingdao lost $2.33 a tonne to close at $57.91, data from the Metal Bulletin shows, hitting a seven-month low and marking the commodity third consecutive weekly fall.
While some residents of Kiruna have moved already, the first of the town’s historic buildings has just been hoisted up on a truck and transported to its new location.
Chinese stockpiles at new record high and sovereign debt downgrade worry investors.
Remote mining projects in farming areas could soon access baseload electricity from biomass plants powered by straw.
30m tonnes per year operation jointly owned by BHP and Vale shuttered since November 2015 following dam burst.
Chinese furnaces make the most of slump in domestic prices to double scrap charge rates which could displace as much as 70 million tonnes of iron ore.
The company said that today’s announcement is part of its ongoing capital management plan.
The company, which could lose the arbitration as a result, will have to pay the amount to former partner Vale.
The change will apply to more than 5,500 Australian suppliers under $1 million of expenditure.
Forget One Belt, One Road, the impact of Xiongan New Area on copper, iron ore and aluminum prices will be felt much earlier says new report.
US activist investor steps up pressure on BHP to ditch petroleum. Mackenzie says company already knows what to do to lift value by 50% and double return on capital.
Move comes barely seven months after Rio Tinto agreed to sell it its stake in Simandou for up to $1.3 billion.
Move comes on the heels of calls from shareholders including activist investor Elliott Management and Australia’s Tribeca Investment Partners for a change of BHP's corporate structure.
Strong growth this year won't last says World Steel Organization.
BMI Research expects prices to continue sliding for at least the next five years on rising supplies from Australia and Brazil and evidence of Chinese demand cooling earlier than expected.