The move comes less than two years after the Montreal-based firm decided to add exposure to the steelmaking raw material by grabbing a stake in the fellow Canadian iron ore company.
Iron Ore Mining News
Any re-instatement of sanctions will, if at all, pose minimal additional hurdles to new investors, BMI Research says.
It was an up and down year for commodities, but things ultimately finished in the black.
With only a couple of exceptions, metal and mineral prices rallied in 2016 – see at a glance how far the industry has come.
The Israeli billionaire, under house arrest since Dec. 19, has been at the centre of an international investigation into alleged bribery to win mining rights in Guinea.
The company plans to invest a $308 million (R$1 billion) this year to allow the iron ore mine reach a 26.5 million tonnes a year capacity.
The global mining industry rebounded from multi-year lows in 2016 – MINING.com's most popular posts of the year tell the story.
A Chinese court has sent a strong message to corporate executives who have been seeing playing fast and loose within the rules of boon-times capitalism in China.
But forward curve currently pricing 2017 at around $70 per tonne – around 25% higher than 2016’s year to date average.
Turnaround in GDP expansion in world's top commodity consumer over the past few months "almost as sharp as in 2009" says new study.
TABLE: China's copper demand grew 11-fold in 15 years – the rest of the world shrunk. Sans China, the nickel market would've barely broken a million tonnes.
“ Canada is looked to as a leader in mineral exploration and development,”
Vale agrees to pit use for tailings.
Mining company will be added to the country’s Environmental Offenders Registry.
EnviroSuite says using best practice technology is a critical step in mitigating environmental and associated corporate risks, and in reducing the demands of crisis management that follow incidents with major environmental and community impacts.
The billionaire and other Israeli businessmen are suspected of paying tens of millions of dollars to senior state officials to secure a licence for Simandou, local police said.
Electricity produced from the turbines would feed into current solar and wind producers, who lack a source of uninterrupted power,
Commercial production starts in January, with a ramp-up to 90 million tonnes per annum by 2020
Prominent local evangelical pastor among the latest public figures being interrogated.
Chinese steel firm Shandong Iron and Steel Group plans to invest $700m iron ore processing plant at its Tonkolili mine in Sierra Leone.
BSGR will sue Rio Tinto in the English High Court to recover losses allegedly caused by Rio's actions, which run to several billions of dollars.
A new iron ore facility in Western Australia expects to start mining in early 2017.
Mine is set to start operations by the end of the year, with first shipment set for January 2017.
The steelmaking raw material is up 85% this year, or more than double its December 2015 price.
Russian-Canadian Vera Kirikova will become human resources group executive while Simone Niven will assume the corporate relations group executive post.