Iron Ore Mining News

Biggest miner says China's shift to quality iron-ore will hold

BHP forecasts reforms in China’s steel sector will continue to hand an advantage to suppliers of higher-quality iron ore and coking coal as consumption of the alloy keeps growing well into the next decade.

China's iron ore rises on renewed steel output; 2nd day of foreign trade

Utilisation rate at mills climb back to November level.

China opens iron ore market to the world in pricing, image push

China to allow foreign investors in iron ore futures from Friday.

Black Iron ranked by CRU as the lowest cost pellet feed iron ore development project

CRU’s independent study shows that Black Iron’s projected operating and construction capital costs position the company well in the global iron ore market.

Rio Tinto to double number of autonomous drills at Pilbara mines

Driverless trucks at the same iron ore operations already haul over a quarter of both ore and waste material.

What to watch in commodities: aluminum, shale, Ag giants, China

Aluminum remains in focus almost a month after the U.S. introduced sanctions against United Co. Rusal, then eased off.

Chilean tribunal gives Dominga iron ore-copper project a second chance

Antofagasta’s First Environmental Tribunal decided to reverse a decision that forbade the Dominga copper and iron ore project from going forward.

Vale eyes $1 bln in dividends each quarter this year

The comments came a day after Vale reported a first-quarter slide in profit of 36 percent on higher costs and lower iron ore prices.

Brazil's Vale 1st-qtr profit slumps by a third as costs rise

The world's largest iron ore producer posted a 36 percent slump in first-quarter profit compared to the same quarter a year earlier.

Federal Council rejects mining referendum in Colombian town

The council endorsed a plea introduced by mining workers against a ruling by the Cundinamarca Administrative Court.

One asset leads South African miner’s growth in Q1-2018

Kumba Iron Ore reported a 4 per cent increase in overall production in the first quarter that ended March 31, 2018.

Caterpillar results prove global economy in good shape

The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations.

Anglo delays Minas Rio restart until year-end, will lose about $400 million

The announcement is the last of a string of difficulties Anglo has faced with the iron ore mine, which was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes.

Australia's Fortescue iron ore shipments, price fall in Q3

The iron ore producer reported a 2 percent fall in third-quarter iron ore shipments on reduced demand in China.

Mining firms from China to Canada watch as Greenland holds election

China already actively seeking opportunities.

BHP cuts 2018 iron ore forecast, cites rail car upload problems

The miner cut its fiscal 2018 production guidance to between 272-274 million tonnes of iron ore from 275-280 million tonnes.

Prosecutors, Samarco to ask more time for disaster's compensation plan

They are seeking to obtain 30 more days to finish details of the plan.

Rio Tinto first-quarter shipments rise 4.7 pct

The Anglo-Australian miner maintained its guidance for this year of 330 million to 340 million tonnes.

Chinese iron ore off 10-mth low on March output data

The world's biggest steel maker last month churned out a total of 73.98 million tonnes of steel, up 4.5 percent from a year ago.

After setbacks, Anglo American counting on turnaround for Minas-Rio mine

Minas-Rio is Anglo American’s biggest development project, and its bet on the future of iron ore.

Anglo gives 30-day leave to workers at suspended Brazil iron ore mine

The company halted production and transport operations for 90 days at the Minas-Rio mine to comply with a request by authorities that it inspects a pipeline that has leaked twice.

Brazil's Vale reports iron ore output slips in Q1

The world's top iron ore producer said that heavy rains in the first three months of the year impacted its output.

Copper, iron ore prices gain on robust Chinese imports

China's copper imports bounce back in the first quarter and is now up more than 7% year-on-year and iron ore shipments remain on pace for another record.

Mining billionaire backs outback gas pipeline to ease power woes

The project, being considered by the federal government, may cost as much as A$5 billion ($3.9 billion), according to one industry estimate.

China to allow foreign investors to trade iron ore futures starting May 4 -regulator

China is the world's biggest consumer of iron ore, the raw material for manufacturing steel.