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.
Iron Ore Mining News
Utilisation rate at mills climb back to November level.
China to allow foreign investors in iron ore futures from Friday.
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.
Driverless trucks at the same iron ore operations already haul over a quarter of both ore and waste material.
Aluminum remains in focus almost a month after the U.S. introduced sanctions against United Co. Rusal, then eased off.
Antofagasta’s First Environmental Tribunal decided to reverse a decision that forbade the Dominga copper and iron ore project from going forward.
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.
The world's largest iron ore producer posted a 36 percent slump in first-quarter profit compared to the same quarter a year earlier.
The council endorsed a plea introduced by mining workers against a ruling by the Cundinamarca Administrative Court.
Kumba Iron Ore reported a 4 per cent increase in overall production in the first quarter that ended March 31, 2018.
The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations.
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.
The iron ore producer reported a 2 percent fall in third-quarter iron ore shipments on reduced demand in China.
China already actively seeking opportunities.
The miner cut its fiscal 2018 production guidance to between 272-274 million tonnes of iron ore from 275-280 million tonnes.
They are seeking to obtain 30 more days to finish details of the plan.
The Anglo-Australian miner maintained its guidance for this year of 330 million to 340 million tonnes.
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.
Minas-Rio is Anglo American’s biggest development project, and its bet on the future of iron ore.
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.
The world's top iron ore producer said that heavy rains in the first three months of the year impacted its output.
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.
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 is the world's biggest consumer of iron ore, the raw material for manufacturing steel.