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
Fire halts production at BHP's largest iron ore mine
43m tonnes per year Mount Whaleback mine in the Pilbara produces the world's number three iron ore miner's highest grade ore.
Shipwreck casts shadow over fleet of Vale iron-ore carriers
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.
Miners frozen out as South Africa readies empowerment rules
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.
Iron ore plunge hurting miners — down to fresh 7-month low
Steelmaking material dropped to $57.02 a tonne, marking a fresh seven-month low, as large stockpiles continue to weigh on the market.
SLIDESHOW: The iron ore price wars 2002–2017
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 BHP, Rio to cash out iron ore levy
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.
Influential emerging market investor is iron ore price bull
Mark Mobius, executive chairman of Templeton Emerging Markets Group, sees disconnect between industry fundamentals and price swings.
Even with iron ore prices diving, NASA fast tracks mission to $10,000 quadrillion asteroid
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.
Plan to restart Bloom Lake Mine gets $40M boost + offtake
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.
Iron ore crashes again to below $58 a tonne
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.
Swedish miner begins massive relocation of whole city
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.
Iron ore price drops to 7-month low
Chinese stockpiles at new record high and sovereign debt downgrade worry investors.
Power plan to bridge gap between farmers and miners
Remote mining projects in farming areas could soon access baseload electricity from biomass plants powered by straw.
CEO sees little chance of Samarco restart in 2017
30m tonnes per year operation jointly owned by BHP and Vale shuttered since November 2015 following dam burst.
Blow to iron ore price as Chinese steelmakers opt for scrap
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.
Rio Tinto launches new debt reduction programme
The company said that today’s announcement is part of its ongoing capital management plan.
BSGR may have to pay $1.2bn for no show at Simandou-related hearing
The company, which could lose the arbitration as a result, will have to pay the amount to former partner Vale.
Rio Tinto says it wants to help Australian small businesses
The change will apply to more than 5,500 Australian suppliers under $1 million of expenditure.
China's building a mega city from scratch – it's going to suck in lots of steel, copper
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.
BHP’s Mackenzie, Elliot Management face off
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.
Chinalco wants to be sole owner of world’s largest iron ore deposit
Move comes barely seven months after Rio Tinto agreed to sell it its stake in Simandou for up to $1.3 billion.
BHP ditching 'Billiton' in $10 million rebranding move
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.
World steel production to flatline for two decades
Strong growth this year won't last says World Steel Organization.
Iron ore to hit $44 a tonne by 2021 — analysts
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.
