BMI predicts that iron ore prices will remain on a long-term gradual downtrend until at least 2021.
Iron Ore Mining News
Under the terms of the collective agreement, employees do not get paid when work is not available.
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.
The Arkyd-6 spacecraft includes core technology that will be used in the company’s asteroid exploration program.
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.
The mining giant will add those jobs during the next 12 months.
The three-year wage agreement was signed by all three unions, the company said.
Copper cargoes drop more than 20% while iron ore shipments sink to one-and-a-half year lows.
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.
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 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.
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.
Africa largest untapped source of growth for industry and would provide huge opportunity, says Rio Tinto's chief executive of energy and minerals.
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.
Samarco JV iron ore mine in Brazil remains closed two years after deadly dam burst.
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.
Miners who received a termination letter will hold a mass meeting at the mine Wednesday morning.
General managers average $212,790 per year at Canadian mines
The amount of iron ore shipped to China surpassed 100 million tonnes for the first time in September.
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 Metals Group reported slight rise in fiscal first-quarter iron ore shipments, also warned its ore was selling at a greater discount than expected.
Third quarter results for the Brazilian miner, the world's top iron ore producer, show a 19 million tonne gap between sales and output.
Kumba Iron Ore increased its full-year production target by 1-million tonnes.
Lower grades managed to eke out small gains, while higher grades were under pressure.
While an estimated 61 larger miners will pay more, about 30,000 smaller miners seen as larger job creators will pay less.