The problem for miners is convincing an increasingly sceptical public of how necessary their industry is.
Iron Ore Mining News
Simandou is one of the world's biggest iron deposits, containing billions of tonnes of high-grade ore, but development has been complicated by its location far from the coast.
Coal became the number one export earner in 2018.
Iron ore prices have surged since the disaster, hitting a nearly two-year high on Monday.
The best defense against the repercussions of a mounting pile of debt, and the new cold war, is to own gold - the traditional safe haven.
Vale SA said it’s temporarily halting some operations at its Brucutu mine, potentially causing a production loss of about 30 million metric tons of iron ore a year
* April-Dec net profit grows 6 pct y/y to record 442 bln yen * Books impairment losses on Olam, Chilean iron ore mines * Keeps full-year profit forecast of record 640 bln yen Japan's biggest […]
The report by German-based TÜV SÜD made 17 recommendations aimed at improving the stability of the structure and was dated September 2018.
If you are searching for clues on how the rand will move next, watch the iron-ore price.
A video shows the exact moment when a dam at Vale’s Córrego do Feijão mining complex burst.
Brucutu, which has an annual capacity of 30 million tonnes of iron ore, is Brazil's second largest mine, behind Vale’s Carajás.
Shares in the company lost a fifth of their value on Friday as investors were sceptical of its foreign subsidiary Cairn India Holdings’ $200 million investment in the diversified miner.
A key asset is the Oyu Tolgoi copper project in Mongolia, which will partially diversify the miner's earnings away from iron ore.
The rescue and recovery team said that 248 people were now listed as missing.
The commission has set an April 29 deadline to rule on the transaction, which would create Europe’s second-largest steelmaker after ArcelorMittal.
Those inclined to make a bullish bet on disaster may be in for a dose of karma. This rally is more likely to collapse than extend.
We need to closely watch Vale's overall output and how it will impact on iron ore markets going forward.
The disaster was also a cautionary tale about how government overreach and flawed corporate governance can contaminate policy.
"Vale is an important strategic partner"
The argument is being harshly criticized by experts and locals, who believe the law-enforced audible could have saved lives.
The financial penalties related to the dam collapse may prove even larger than those for Samarco.
Paul D. Mitchell has been named the new EY global sector leader for mining and metals.
Vale dam collapse highlights a mix of failed government oversight and laws that favor mining interests over public safety.
"A First Nations' voice to parliament is a meaningful step towards reconciliation," BHP Chief Executive Officer Andrew Mackenzie said.
The nation's crude steel output slipped 0.3 percent to a nine-year low in 2018, as a string of natural disasters and glitches at steel plants led to slower production.