Iron Ore Mining News

Fortescue says Vale impact uncertain, sees demand for mid-grade iron ore

The loss of about 40 million tonnes of annual supply is expected to boost demand for Australian ore.

Brazilian prosecutors freeze over $219m of Vale’s assets

Funds expected to be used as compensation for the victims of last week’s tailing burst, which killed at least 99 people.

Glencore nears $500m deal to buy iron ore from Brazil's CSN – sources

CSN is aiming to reduce debts that piled up after an iron ore and steel price rout in 2015-2016 and a severe recession in Brazil, prompting investors to demand asset sales.

Australia's Fortescue's Q2 iron-ore shipments rise 5 pct

New mid-grade products helped lift output amid worries of slowing Chinese growth.

ArcelorMittal's bid to buy stake in Bosnian iron ore mine rejected

ArcelorMittal owns a steel plant in the central Bosnian town of Zenica where it processes iron ore from its mines in Prijedor in the north of the country.

Iron ore prices are flying

Vale production cuts could have "outsized" impact in shorter term with spot prices predicted to return to $100-plus per tonne in summer.

UN calls for probe into Vale’s tailings as waste heads to Brazilian river system

Brazilian authorities and companies involved with river water management are trying to stop the torrent of mining waste from reaching the Sao Francisco river, a source of drinking water for communities in five of the country's 26 states.

Death toll from Brazil dam burst rises to 84, with 276 unaccounted for

48 people have been identified so far, as work continues in the area.

Vale to end use and dismantle all upstream dams after disaster — CEO

Chief Executive Fabio Schvartsman said Vale would halt operations using those dams and spend 5 billion reais ($1.3 billion) to decommission them.

Brazil mine disaster prompts Bolsonaro rethink on environment

Bolsonaro and his cabinet are swiftly dialing back promises of deregulation.

Vale eyed dam design changes in 2009 that may have prevented disaster

The International Coalition of Large Dams (ICOLD) group "is recommending that dams, especially large dams, be built by dam professionals.

Five Vale staff and contractors arrested after Brazil dam disaster

Two other engineers, who worked for Germany’s TUEV SUED on a contract where they attested to the safety of the Vale dam, were arrested in Sao Paulo.

Nucor profit jumps on higher steel tariff, strong demand

The best way to sum up 2018 is this - it was a record year for Nucor

Vale's management team on thin ice as spill fallout snowballs

“Before pointing out fingers we need to see what happened first”

India iron ore output seen at 9-year high before leases expire

“It’s a shame if we say that we are importing iron ore. It’s like selling ice to the eskimos”

China's iron ore hits 16-month high after Vale dam disaster

We do not expect to see a big rebound in iron ore prices in view of this deadly accident as China's iron ore demand over the short term will be mild due to weak seasonality

Chinese iron ore traders face uncertainty after Vale's Brazilian mine disaster

"We're worried that the mine accident might lead to higher premiums on low-aluminium iron ore"

Brazil securities regulator probes Vale’s filings on dam collapse

By Monday, local officials had confirmed at least 60 people dead and said they fear that among the hundreds who are still missing there will be very few survivors.

Investors ask how Vale failed to stop repeat of dam disaster 

“How can they let this happen again?” Melo said. “They wiped out our city.”

Vale analysts see charges, lawsuits, halts undermining stock

Vale plunged as much as 20 percent in Sao Paulo on Monday, the biggest intraday drop since October 2008.

Vale dam collapse: Panic after fresh alert at another mine in Brumadinho

An alarm warning of an imminent mining dam rupture was issued on Sunday morning near Brumadinho, the same Brazilian community where the collapse of Vale's dam on Friday killed at least 58 and left over 400 more feared dead.

'Huge' fire at Russian steelmaker MMK; quickly put out

The plant's conveyor belt caught fire Sunday morning.

Vale's tailings dam bursts after end-year rebound in iron ore prices

As early as next week, iron ore prices may start to reflect the impacts of Vale's dam bursting at Corrego de Feijao in Brumadinho.

Hundreds still missing following Vale's dam break in Brazil

Nine bodies had been recovered by Saturday morning.

Goldman says commodity investors fear future in age of Trump

Political uncertainty means there’s no time like the present when it comes to commodities trading, according to Goldman Sachs Group Inc.