Iron Ore Mining News

Iron miners: capex will not see strong comeback, says new research

BMI predicts that iron ore prices will remain on a long-term gradual downtrend until at least 2021.

Sudbury Coleman Mine in shutdown for 30 days

Under the terms of the collective agreement, employees do not get paid when work is not available.

Landmark publication highlights Australia’s mineral wealth

Australia’s mining industry is world-class, contributing AUD$236 billion to the national economy. This contribution is largely a product of the country’s substantial and diverse ore deposits.

Planetary Resources readies asteroid mining technology for Dec. launch

The Arkyd-6 spacecraft includes core technology that will be used in the company’s asteroid exploration program.

Former Xstrata CEO Mick Davis may become Rio Tinto new chairman

The mining veteran could face competition from internal candidates, including former head of UK gas company Centrica, Sam Laidlaw, who now sits on Rio’s board.

BHP needs 120 new workers at its Olympic Dam in Australia

The mining giant will add those jobs during the next 12 months.

Sibanye-Stillwater reaches wage deal with unions at Kroondal mine

The three-year wage agreement was signed by all three unions, the company said.

Copper, iron ore prices up despite plunge in Chinese imports

Copper cargoes drop more than 20% while iron ore shipments sink to one-and-a-half year lows.

Canadian junior miners worth jumps for second year in a row

Aggregate market cap of the top 100 junior mining companies was up 7% to $12.2 billion, a level not seen since 2010, but the group significantly underperformed the Venture Exchange as a whole.

Brazil regulator rejects Vale bid to change output target for railroad

Production goals for Vale's Carajas project, the world's largest open-air iron ore mine, are directly tied to cargo shipments on its railroad there, which carries output to Brazil's Ponta da Madeira port.

BHP aims for more copper, oil; steers away from EV minerals

BHP CCO Balhuizen says while 2017 marks "tipping point" for EVs entering mainstream of metals demand forecasting, in terms of sales mass move is further off.

Peru mines minister sees investment up on high prices, permits

Mining investment in Peru set to fall for a fourth straight year in 2017, but Mining Minister Cayetana Aljovin expects it to bounce back in 2018.

Rio Tinto throws its weight behind Africa as mining central

Africa largest untapped source of growth for industry and would provide huge opportunity, says Rio Tinto's chief executive of energy and minerals.

Sibanye-Stillwater shuts down Cooke gold mine, about 7,000 laid off

Company said it would keep its Beatrix West gold mine running for as long as it makes a profit, on average, over any continuous period of three months.

Settlement in $48 billion lawsuit against BHP, Vale postponed again

Samarco JV iron ore mine in Brazil remains closed two years after deadly dam burst.

Liebherr to expand presence in America’s mining sector

The equipment maker has a very strong presence in Europe, Australia and Africa, but says in North and South America there's plenty of room for improvement.

More than 2,000 miners sacked at Sibanye’s Cooke gold mine

Miners who received a termination letter will hold a mass meeting at the mine Wednesday morning.

Top paid positions at Canadian mines

General managers average $212,790 per year at Canadian mines

China imported record iron ore in September as steel output curbs start to bite

The amount of iron ore shipped to China surpassed 100 million tonnes for the first time in September.

This truck will help Liebherr become a bigger name in mining

Company is finishing up first field trial for its T 236 diesel electric truck and it expects to have it commercially available by the end of 2018.

Fortescue Q1 iron ore shipments up, price forecast down

Fortescue Metals Group reported slight rise in fiscal first-quarter iron ore shipments, also warned its ore was selling at a greater discount than expected.

Vale is stockpiling iron ore to make the most of higher prices

Third quarter results for the Brazilian miner, the world's top iron ore producer, show a 19 million tonne gap between sales and output.

Anglo American’s Kumba raises production target

Kumba Iron Ore increased its full-year production target by 1-million tonnes.

Iron ore prices: a story of ups and downs

Lower grades managed to eke out small gains, while higher grades were under pressure.

Brazil congressional committees vote on reforms helping small miners

While an estimated 61 larger miners will pay more, about 30,000 smaller miners seen as larger job creators will pay less.