The founder of Shanghai Steelhome Information Technology Co. said disruptions will amount to 60 million tons of lost supply this year.
Iron Ore Mining News
President Jair Bolsonaro said on Friday the country could open a vast reserve in the Amazon rainforest to mining, a move attempted by his predecessor that was quickly rescinded following an international environmental outcry.
But the iron ore price surge won't last says new survey of commodity analysts.
The supply/demand dynamics benefit Australia’s iron ore miners, according to the latest research by the Macquarie Group.
The joint venture intended to explore for iron assets at the Simandou prospect, but the concession was revoked in 2014 by Guinea's government.
The company does not say whether this would impact shipping of the mineral.
The Brazilian mine dam collapses and resultant forced shutdown of some of that country’s iron ore mines had caused a major seaborne supply squeeze across all of the commodity’s types.
Vale SA has opened negotiations with prosecutors and families of victims of the deadly January dam disaster.
Iron ore’s poised to hit $100 a ton, according to Citigroup, which highlighted “very, very low” seaborne cargoes just as data from China may show a pick-up in demand.
Giant mines currently under construction will churn out an additional one million tonnes of copper through 2023, but that won’t be enough.
A group of minority shareholders in Vale SA has proposed an alternative board member and to change the board election to a cumulative voting system.
Fundraising by unlisted funds for investment in natural resource reached a record $93 billion last year.
The move is aimed at providing a tool for institutional investors to assess the risk from their holdings in mining companies.
With a market facing a global deficit, the world’s biggest iron ore export port is flagging a timely boost in shipments as Fortescue and rivals bring on new mines in Australia’s Pilbara region.
Futures topped $90 a tonne on Wednesday amid increasing concern the crisis at Brazil’s Vale SA will be drawn out as regulators ordered dozens of dams to be shut.
German auditing firm TÜV SÜD AG has appointed a former Petroleo Brasileiro SA executive to head up its Brazilian subsidiary.
The announcement follows the company's commitment to build the $1.3 billion Eliwana iron ore mine last year.
Iron ore prices in China reached a record high on Tuesday as market participants wrestled two dilemmas, namely the weather-related disruptions from Australia and the safety outages in Brazil.
There is enough evidence to conclude that risk capital has found a new home, a BDO report shows. The question now is, how and where will junior miners find the capital needed to sustain their businesses?
Its 2019 financial year production and unit cost guidance are under review because of the impact on the output.
Commodities had their best quarter in almost three years, but demand outlook is running into troubling signs in the U.S. and China, the two biggest consumers.
The decision comes on the same day a Brazilian court froze an additional 1 billion reais ($255 million) in assets as possible compensation for damages related to a recent evacuation of the area around the company's Vargem Grande dam in Minas Gerais state.
Rio Tinto on Monday cut its 2019 outlook for iron ore shipments from Australia's Pilbara region due to production disruption and damage caused by tropical cyclone Veronica, which hit Western Australia last week. The world's […]
Profits are being squeezed by rising raw material prices, largely caused by production disruptions at Vale SA after the Brumardinho disaster.
Data shows West Africa has the biggest growth rate in the yellow metal’s resources in the world.