Iron Ore Mining News

Brazil's Vale misses 3rd qtr income estimate, revenue rises

Brazil's Vale SA , the world's largest iron ore producer, on Wednesday posted $1.408 billion in third-quarter net income, below the 2.23 billion a year-ago.

Steel wheels from China dumped in US market

The commerce department, has instructed US border officials to collect cash deposits at a margin of 231.7 percent

Amazon's mining treasure at stake as Bolsonaro leads Brazil vote

The mining community is salivating.

CITIC goes after Palmer’s Mineralogy over iron ore project claims

Aussie mining tycoon Clive Palmer is being sued by China’s largest conglomerate, CITIC, over his alleged “refusal” to co-operate in making more land available on a major iron ore project in Western Australia.

Caterpillar plummets after flagging tariffs-triggered high material costs

The world's no.1 heavy machinery maker reported third-quarter earnings that topped analysts’ estimates, but said the ongoing trade dispute resulted in $40 million in extra costs for materials in the period.

Ford sees higher metal costs, hopes China and US can settle trade issues

U.S. steel costs are higher than anywhere else in the world, they're certainly up year over year and they're up versus what we were expecting - Joe Hinrichs, Ford VP

Strike at Shougang's iron ore mine in Peru halts exports-manager

Some 800 workers, including at the port San Juan de Marcona, have taken part in the indefinite strike after negotiations over a new contract broke down.

China's winter pollution cuts may boost high-grade iron ore

The logic is sound: If steel mills are given pollution restrictions, they will use the best possible quality iron ore to maximise the amount of steel produced relative to the energy consumed.

ArcelorMittal declares force majeure for Duisburg-Ruhrort site

Force majeure declared due to the Rhine river's low water levels.

You can run but you can't hide, CEO tells Goldman analyst

Its an accounting thing.

Rising iron ore prices seem to defy economics

China’s switch from industrial-led to consumption-led growth seems to be showing up everywhere except the production numbers of iron-ore miners.

BHP says it has seen no material impact from trade tensions

Though we have not seen a material impact on our business, we remain cautious in the near term

ArcelorMittal to make $1B creditor payment to bid for Essar Steel

The move comes two weeks after India's top court said ArcelorMittal's bid for Essar Steel would become valid only if the acquirer cleared outstanding debt of Uttam Galva Steels and KSS Petron.

Vale sees possible Samarco restart in 2020, BHP uncertain on date

Samarco, a joint mining venture between Brazil's Vale and BHP Billiton, could resume production at a third of its capacity at the beginning of 2020.

Anglo American to restart operations at Minas Rio before year-end

Operations will resume before year end, but a planned ramp-up to 26.5 million tonnes per year is likely to be pushed back to 2021 from 2020.

United States seeking Mexican steel export quotas – negotiator

The United States is seeking to impose quotas on Mexican steel exports as part of a negotiation to remove metals tariffs.

Global steel body hikes demand forecasts, but says risks remain

Steel demand expected to rise by 3.9% in 2018, but trade tensions are clouding global economic outlook.

Rio Tinto Says Q3 production falls on planned maintenance and safety pauses

Iron shipments fell about 5 percent, hurt by planned maintenance and safety pauses across all operations following a fatality.

Australia's Atlas Iron names ex-Hancock executive CEO in board overhaul

Sanjiv Manchanda replaces Cliff Lawrenson as named CEO in overhaul.

Brazil's Vale third-quarter iron ore output hits all-time high

Iron ore production at the S11D and Carajás projects grew nearly 20 percent to record 53.9 million tonnes, accounting for most of the increase.

SGX to launch new high-grade iron ore derivative

SGX today announced plans to meet the needs of the industry as the physical market evolves along different grade specifications.

Australia's Fortescue announces $353m share buyback program

The program will begin after the iron ore miner releases its quarterly report on Oct. 25 and will remain in place for a period of up to 12 months.

Logistics woes drive Indian mills to buy iron ore overseas

Steel mills in India are increasingly tapping the global market for iron ore as they find it difficult to transport the key raw material from local mines

Australia's Port Hedland iron ore shipments to China rise 5% in Sept

Iron ore shipments to China from Australia's Port Hedland terminal rose 5.3 percent in September.

Proxy adviser PIRC tells shareholders to oppose BHP Billiton's remuneration report

PIRC has recommended that BHP Billiton shareholders oppose the mining company's remuneration report at its AGM on Oct. 17