Rebar open interest falls to lowest in 4 months.
Iron Ore Mining News
New spending by some of the world's largest iron ore miners is tightening the market for jobs and support services in Australia's biggest mining region.
Shandong's Environmental Protection Bureau said it would cut pig iron production capacity by 600,000 tonnes and crude steel by 3.55 million tonnes by the end of this year.
By value, mineral exports are expected to increase to $30 billion from $28.37 billion last year.
U.S. Steel Corp. fell the most among peers as a mixed bag of quarterly results left investors wondering if they would see any real benefit from trade policies that have pushed up U.S. prices of the metal.
Company said first-half profit grew 12% to $4.42 billion, below the $4.53 billion forecast by analysts.
BHP Billiton last week agreed to sell its U.S. shale oil and gas assets for $10.5 billion, while Rio Tinto appears on track to exit its troubled investment in the giant Grasberg copper and gold mine in Indonesia for about $3.5 billion.
Demand for mining as well as oil and gas equipment is so strong that the company said it was taking orders for delivery well into 2019.
The government lifted a moratorium for prospecting permits on 7,828 square kilometres on the northern part of the South Island.
BHP Billiton Ltd.’s $10.8 billion of deals to exit its troubled U.S. shale unit will allow Chief Executive Officer Andrew Mackenzie to shower investors with returns. It may also be a chance for him to bow out on top.
South Africa's President Cyril Ramaphosa on investment drive.
The iron-ore mining company is introducing a targeted dividend ratio policy of 50 to 75% of headline earnings.
Study released Tuesday by the Fraser Institute, British Columbia, Ontario and Quebec are the three main provinces where exploration permit processes have grown longer and less transparent over the past 10 years.
Law firm leading the action says it has more than 3,000 investors signed up to pursue the miner for losses.
"Not a typical financing vehicle for non-revenue generating exploration companies."
Contradictory opinions emerging at the G20 Summit.
U.S. iron ore pellet sales volume expectation to increase to 21 million long tons.
From the $939bn invested in major projects between 2008 and 2017, the world’s top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay.
Guinea is in constant talks with Rio Tinto and Chinalco to finalise a deal on the Simandou iron ore project, its mining minister said on Tuesday, adding he was confident an agreement would be reached. […]
The commodity’s resilience in recent weeks even as trade tensions flared is a boon for global miners including Rio Tinto Group, BHP Billiton Ltd. and Vale SA, all of which reported bumper production figures this week.
Shares in the miner jumped more than 3% after both quarterly and full-year production rose 3% on improved productivity.
ArcelorMittal Temirtau, will suspend the export of hot-rolled steel coils to Iran due to the re-imposition of U.S. sanctions
Tangshan, China's top steelmaking city, has extended recent emergency pollution control measures until July 21 because of a possible major smog alert.
Rio said it expected iron ore shipments for the year to be at the upper end of its range of 330 million to 340 million tonnes, thanks to productivity improvements and fewer weather-related disruptions compared to Q2 2017.
Iron ore output hit 96.755-million tonnes in the three months to June 30, while pellet output reached 12.838-million tonnes, despite a nationwide truck drivers strike that paralyzed the country in May.