Iron Ore Mining News

Brazil's Vale proposes increase of board, more mining execs

According to a securities filing on Thursday night, three board members will be independent and nine will be appointed by controlling shareholders.

Brazil's Vale slashes iron ore sales estimate after dam burst

Vale SA estimates selling up to 75 million tonnes less iron ore this year, after several mines were halted following its second deadly dam burst in less than four years.

Struggling small miners may lead to bigger industry woes

Small miners are finding it increasingly difficult to raise capital to fund new ventures despite the positive demand outlook for several commodities.

Australia launches Critical Minerals Strategy 2019 focused on innovation and tech

The plan puts emphasis on emphasis on agritech, aerospace, defense, renewable energy and telecommunications.

Brazil's Vale announces writedowns, profit after dam disaster

Vale posted fourth-quarter profit of $3.786 billion, compared with $771 million a year earlier.

UNEP, ethical investors join miners' quest for global tailings rules

Currently there are no set of universal rules defining exactly what a tailings dam is, how to build one and how to care for it after it is decommissioned.

Brazil's Vale iron ore output rose 8% in 4th quarter

For all of 2018, Vale's output was 384.639 million tonnes, slightly below its previously divulged outlook of 390 million tonnes.

Vale reports Brazil state authorities freeze $765m of its assets

The decision was based on ensuring compensation for those who may have suffered losses from the cessation of operations at Vale’s South Upper dam.

Australian miners see some impact from two cyclones, clean up begins

Businesses affected included those in the iron ore export hubs of the Pilbara region, as well as Rio Tinto's bauxite operations in Weipa to the east.

Vale ordered to halt 13 more dams, Brucutu mine restart delayed

The world’s biggest iron ore producer said the injunction will impact production at its massive Brucutu mine, as it will now take longer than expected to bring it back on line.

Rio Tinto halts rail, mine operations in Western Australia as cyclone hits

The suspension comes after Rio, BHP, and Fortescue on Thursday cleared their ships from ports ahead of Cyclone Veronica.

Vale’s Sul Superior Dam in critical condition

The dam is located in the municipality of Barão de Cocais, in the southeastern Brazilian state of Minas Gerais.

China dumped steel wheels on U.S. market — Commerce Dept

U.S. imports of steel wheels from China were valued at $388 million in 2017.

Glencore suspends Australian zinc mine as cyclone nears

Authorities have declared a state of emergency in the region as Tropical Cyclone Trevor nears.

Brazil court orders Vale to halt operations at Dique III mine

Vale has been targeted by several court verdicts related to mines that use dams similar to the one that burst in the town of Brumadinho in January.

Australia clears iron ore ports, miners brace as cyclones approach

The northwestern ports of Port Hedland, Dampier and Ashburton were beginning to clear anchorages and berths.

Tug-of-war: China's steel sector grapples short-term bulls, longer-term bears

China's steel sector is currently locked in a struggle between largely bearish longer-term structural factors and short-term cyclical influences, some of which are bullish.

Another 10MT of iron ore off the market as Vale halts Alegria mine

The preventive measure was taken after a stress test failed to guarantee stability of the mine’s structures. Vale noted it would restart production when new studies are completed and their results are conclusive.

Miner Vale quashed efforts to validate dam safety before disaster – prosecutor

A state prosecutor filed subpoenas with Vale last June to review safety documents regarding its dam, but Vale's lawyers later argued that they had received positive reviews by an auditor.

Cyclone lurks off West Australia as storm hits Rio mine in East

Cyclone Trevor is expected to rapidly strengthen as it moves into the Gulf of Carpentaria, and is forecast to skirt South32 Ltd.’s manganese mine and a Glencore-operated zinc project

Data scientists and geoscientists offered A$1m to predict next big mineral deposit in South Australia

The idea is to speed up the exploration lifecycle and allow miners to analyse information at a much faster rate than before.

Australian scientists developing tool capable of delving deeper into Earth’s rock layers

The experts from Curtin University say the mechanism promises to be crucial for the country's mining and petroleum sectors.

Brazil's Vale to resume work at largest mine in Minas Gerais state

A local court has cleared the way for Vale to resume operations at the Brucutu mine.

Chinese iron ore prices gain for sixth day on Vale disruptions

The most-traded iron ore contract for May delivery on the Dalian Commodity Exchange closed up 0.2% at $94.66 a tonne.

Taxes and royalties paid by Australian miners equivalent to Federal Government education spending

Aussie miners paid A$30.6 billion in company tax and royalties in 2017-18.