Iron Ore Mining News

Former Rio Tinto exec jailed for corruption in China let free

The ex-head of iron ore business in China, Stern Hu, spent almost nine years in a Shanghai prison after a 2010 conviction for corruption and industrial espionage.

Brazilian ex-billionaire Batista sentenced to 30 years in jail for bribery

Eike Batista, who was once one of the richest men in the world, was found guilty of bribing former Rio de Janeiro governor Sergio Cabral in exchange for contracts.

EU warns US of boomerang effect if Trump imposes car levies

Europe warns Trump vehicle tariffs likely lead to counter-measures by its trading partners on $294 billion of US exports.

China's Baowu to move some iron, steelmaking capacity to middle and southern regions

China's top steel maker China Baowu Steel Groups move is in line with Beijing's goal push to relocate heavy industries from polluted and crowded regions to places with less environmental pressure.

Australia govt sees more iron ore price pain

Top iron ore exporter forecasts a return to the $50s as Chinese imports starts annual decline after decades of growth.

Thyssenkrupp shareholder Cevian calls for further restructuring after steel JV

Thyssenkrupp's joint venture with Tata Steel - to be named Thyssenkrupp Tata Steel - will have around 48,000 workers and about 17 billion euros in sales.

Thyssenkrupp seals landmark steel venture with Tata Steel

Thyssenkrupp's supervisory board on Friday gave the green light for a steel joint venture with Tata Steel, paving the way for the European steel sector's biggest shake-up in more than a decade.

Canada hits back on US tariffs; Mnuchin denies Trump wants to quit WTO

Canada struck back at the Trump administration on Friday over U.S. steel and aluminum tariffs, vowing to impose punitive measures on C$16.6 billion ($12.63 billion) worth of American goods until Washington relents.

Rio Tinto ready to splash out on copper

The world's No.2 mining company needs copper to reduce its reliance on iron ore.

Gold mining the least polluting in the metals sector — WGC

It depends on how you measure it.

US steel users challenge Trump's authority to impose tariffs in court

In a lawsuit filed Wednesday the American Institute for International Steel and two of its member companies argue that the US president’s tariffs on steel and aluminum imports are unconstitutional.

Orion Resource Partners raising $500m in royalty, streaming fund

Miners are turning to alternative sources of finance as the industry has struggled to woo back traditional financiers.

S.Korean steelmaker POSCO names head of Posco Chemtech as candidate for next leader

POSCO was privatised in 2000, but chief executives have previously been replaced when a new administration takes office.

Australia's Mineral Resources drops out of race for Atlas Iron

The company's withdrawal means all eyes are now on Fortescue, which still has a 19.9%-stake in Atlas and has not yet disclosed whether it plans to launch a rival bid or sell its holding into Hancock’s offer.

US-China trade spat wipes $57B from top mining stocks in fortnight

Copper, iron ore prices drop, mining majors punished as US threatens more tariffs on "predatory" Chinese imports and Beijing calls it "blackmail".

Rio Tinto to start building massive Koodaideri iron ore mine in 2019

First production from the Pilbara-based project, which it says it’s one of the world’s most technologically advanced, is expected in 2021.

Iron ore magnate Rinehart offers $290 million in cash for Atlas

The offer from Australian billionaire Gina Rinehart's Hancock Prospecting values Atlas shares at 17% more than price reached at Friday close.

S.African lobby group opposes parts of new draft mining charter

The Minerals Council South Africa said it does not support some elements in the latest draft of an industry charter.

Almost half of deadly mine accidents in South Africa happened at Sibanye-Stillwater sites: Minister

Gwede Mantashe said that 20 out of 45 mining deaths reported since the start of 2018 have taken place at Sibanye-Stillwater’s mining sites.

Trump trade war blows up big week for mining majors

A week choc-a-bloc with billion dollar copper, iron ore and cobalt deals ends with huge drop in prices and sell-off in stocks of mining's biggest names.

South Africa's new mining charter to credit past black deals

The charter produced in 2017, drafted by previous Minerals Minister Mosebenzi Zwane, threatened as many as 100,000 jobs.

Samarco is said nearing settlement with Brazil prosecutors

Resolving the legal cases will allow talks with creditors to begin as the company starts to draft its long-term business plan.

Vedanta mulls options for Indian iron ore workers after shutdown-sources

Vedanta is considering options including lay-offs for some of the 2,000 employees of its iron ore business that was shut down by a court.

Iron ore price: BHP adds high-grade, lump ore for just $42 a tonne

BHP building $3.4B mine amid surging lump premiums, high-grade fines prices up 30% in a year, is latest indicator iron ore is once again a mining cash cow.

Brazil's new mining code rules rolled out

The new rules are a clear effort to improve the current legislation as seamlessly as possible, but in close attention to the international industry dynamics and to a number of other sensitive issues (such as environmental recovery and security).