Iron Ore Mining News

Vale disaster makes miners' image problem worse: Russell

The problem for miners is convincing an increasingly sceptical public of how necessary their industry is.

Guinea not flexible on Simandou infrastructure – minister

Simandou is one of the world's biggest iron deposits, containing billions of tonnes of high-grade ore, but development has been complicated by its location far from the coast.

Aussie mining exports broke records in 2018

Coal became the number one export earner in 2018.

Vale declares force majeure on some contracts after deadly dam burst

Iron ore prices have surged since the disaster, hitting a nearly two-year high on Monday.

The new Cold War and gold

The best defense against the repercussions of a mounting pile of debt, and the new cold war, is to own gold - the traditional safe haven.

Vale iron-ore mine halt risks 'incremental supply shock'

Vale SA said it’s temporarily halting some operations at its Brucutu mine, potentially causing a production loss of about 30 million metric tons of iron ore a year

Trading house Mitsubishi maintains full-year profit forecast

* April-Dec net profit grows 6 pct y/y to record 442 bln yen * Books impairment losses on Olam, Chilean iron ore mines * Keeps full-year profit forecast of record 640 bln yen Japan's biggest […]

Audit of burst Brazil dam found issues with drainage, monitoring – reports

The report by German-based TÜV SÜD made 17 recommendations aimed at improving the stability of the structure and was dated September 2018.

South Africa's rand shows its mettle as iron ore prices surge

If you are searching for clues on how the rand will move next, watch the iron-ore price.

Video shows exact moment when Vale’s dam collapsed

A video shows the exact moment when a dam at Vale’s Córrego do Feijão mining complex burst.

Vale forced to halt operations at Brucutu, largest mine in Minas Gerais

Brucutu, which has an annual capacity of 30 million tonnes of iron ore, is Brazil's second largest mine, behind Vale’s Carajás.

Vedanta says Anglo American stake buy meets Gov’t criteria

Shares in the company lost a fifth of their value on Friday as investors were sceptical of its foreign subsidiary Cairn India Holdings’ $200 million investment in the diversified miner.

Rio Tinto to remain strong despite difficulties—report

A key asset is the Oyu Tolgoi copper project in Mongolia, which will partially diversify the miner's earnings away from iron ore.

Brazil dam burst death toll rises to 115; 10 people added to list of missing

The rescue and recovery team said that 248 people were now listed as missing.

Thyssenkrupp in constructive talks with EU on Tata Steel JV

The commission has set an April 29 deadline to rule on the transaction, which would create Europe’s second-largest steelmaker after ArcelorMittal.

This iron ore rally is living on borrowed time

Those inclined to make a bullish bet on disaster may be in for a dose of karma. This rally is more likely to collapse than extend.

Japan's JFE says no impact on iron ore buying after Vale dam disaster

We need to closely watch Vale's overall output and how it will impact on iron ore markets going forward.

Brazil's mine disaster shows its shaky foundation

The disaster was also a cautionary tale about how government overreach and flawed corporate governance can contaminate policy.

Japan's Mitsui trims FY profit outlook, to keep stake in Vale

"Vale is an important strategic partner"

Vale says alarms didn’t go off on time in Brumadinho due to 'speed' of sludge

The argument is being harshly criticized by experts and locals, who believe the law-enforced audible could have saved lives.

Moody’s weighs in on Vale dam disaster

The financial penalties related to the dam collapse may prove even larger than those for Samarco.

EY appoints new global mining and metals leader

Paul D. Mitchell has been named the new EY global sector leader for mining and metals.

Dam collapse – chronicle of disaster foretold: Balance of power

Vale dam collapse highlights a mix of failed government oversight and laws that favor mining interests over public safety.

Miners BHP, Rio urge permanent voice for First Nations in Australia's parliament

"A First Nations' voice to parliament is a meaningful step towards reconciliation," BHP Chief Executive Officer Andrew Mackenzie said.

Japan steel federation chief sees higher domestic output in 2019

The nation's crude steel output slipped 0.3 percent to a nine-year low in 2018, as a string of natural disasters and glitches at steel plants led to slower production.