Iron Ore Mining News

How vanadium-coated smart glass saves energy

Smart glass windows made with vanadium are capable of saving more energy by stopping thermal radiation from escaping, scientists say.

More countries want to be exempt from Trump’s tariffs

Brazil, Argentina, Japan and the EU have expressed concerns about the measure.

$2 billion Congo-Brazzaville iron ore project stalled

London-listed Zanaga Iron Ore Company shares plunge after switching to small-scale early production mine at flagship central Africa project.

Copper, iron ore prices drop as Chinese imports plunge

But the customs data look worse than it is.

Beny Steinmetz's mining firm BSGR enters administration to protect itself

As well as facing legal action, BSGR, which denies any wrong-doing, is suing financier George Soros for $10 billion in damages over lost contracts.

Rio Tinto speeds up driverless fleet expansion in Australia

Fifteen autonomous trucks will be introduced to West Angelas iron ore mine, in the Pilbara region.

US steel and aluminum tariffs a ‘black day for the world’ — BHP

BHP chief executive officer Andrew Mackenzie believes US President Donald Trump’s plans for steel and aluminum tariffs will harm the global economy.

Samarco iron ore mine could reopen this year

Samarco Mineracao – a Vale-BHP joint venture – ceased operations in November 2015 following a deadly tailings dam burst.

South Africa's mining charter to be finalized in three months

Uncertainty around the charter has deterred investment into a sector that accounts for 8% of gross domestic product in the world's top platinum producer

Atlas Iron reveals strategy to weather storm of discounts

2017-2018 shipment volume and cost guidance was set last August in 9 million-10 million wet tonnes.

Brazil's Vale 4th-qtr profit misses as costs rise, forex weighs

Vale said in a securities filing that net income totaled $771 million, compared with an average consensus estimate of $2.537 billion.

Venezuelan government defends Mining Arc, environmentalists say it’s not working

Very few of the 150 companies who expressed interest in investing in the Mining Arc actually presented concrete offers.

Iron ore price jumps to 10-month high

China's war on smog benefitting exporters of high-quality ore as domestic steelmaking output cuts are extended.

Unloved platinum stocks show promise for $45 billion manager

Some platinum stocks are looking attractive again as oversupply that depressed prices for years subsides.

Shipping gauge shows iron ore, copper prices heading for fall

CHART: Baltic Dry Index has plummeted 32% since December, opening up huge gap to closely correlated industrial metal prices.

Anglo American 'shows off' — doubles profits, halves debt, pays highest divvy in a decade

Company became the latest top miner to report soaring profits, hefty dividends and lighter debt burden.

Canada the world's overall top mining destination, despite Saskatchewan fall

That's considering the combined rankings of all its provinces and territories, but Finland is the most attractive jurisdiction this year.

Miners rich in cash are aiming for fat dividends, debt payments

The mining industry is awash with cash, and so far it’s got two main uses — pay down debt and reward investors.

Fortescue Metals half-year profit plunges 44%

Fortescue Metals was hit by weak prices for its lower quality iron ore, and said it remains focused on cutting costs, including lining up cheaper debt.

BHP rebuffs Elliott as first-half profit hits three-year high

The New-York based fund argues an overhaul could add more than $22 billion in value for shareholders and wants BHP to conduct an independent study.

Mining M&A jumps to 4-year high – expect more in 2018

New report says "deals in lithium, copper and cobalt are expected to feature high on the agenda of management teams across the industry."

Moody's bullish on base metals, US steel

Base metals should continue to do well in 2018 along with the US steel industry, though American coal will continue to lose ground to natural gas. 

Mining sector unloved as investors find it hard to trust

Data shows that two years after the worst of the raw materials slump is over, investors are still not ready to pour in fresh funds despite a price rally.

Vale’s iron ore output hit record high in 2017

Output of the steelmaking material reached 366.5 million tonnes last year, boosted by record high productionat Vale's northern system, which composed of its Carajás, Serra Leste and the massive S11D mine.

Copper, iron ore price jump sparks rally in mining stocks

Top listed copper producer Freeport jumped 7.4% and with Vale – up 6% – was among the NYSE's top 10 most actively traded stocks.