Iron Ore Mining News

Osisko Gold back to its roots, sells stake in Labrador Iron Ore

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.

‘Trump effect’ on resurgent Iranian mining sector close to none — analysts

Any re-instatement of sanctions will, if at all, pose minimal additional hurdles to new investors, BMI Research says.

CHART: How every commodity performed in 2016

It was an up and down year for commodities, but things ultimately finished in the black.

INTERACTIVE: Mining emerges from slump

With only a couple of exceptions, metal and mineral prices rallied in 2016 – see at a glance how far the industry has come.

BSGR boss house arrest ends with no charges over Guinea bribery claims

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.

Final phase of Minas Rio mine expansion a priority for Anglo — report

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.

SLIDESHOW: Mining on the mend – 2016 year in review

The global mining industry rebounded from multi-year lows in 2016 – MINING.com's most popular posts of the year tell the story.

Former Chinalco boss sent to prison for 16 years 

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.

Iron ore price hits three-week low

But forward curve currently pricing 2017 at around $70 per tonne – around 25% higher than 2016’s year to date average.

CHART: China's economy growing fastest since 2013

Turnaround in GDP expansion in world's top commodity consumer over the past few months "almost as sharp as in 2009" says new study.

Without China global mining would be smaller than in 2000

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.

The world’s mineral industry meets at PDAC 2017

“ Canada is looked to as a leader in mineral exploration and development,”

Samarco restart a step closer

Vale agrees to pit use for tailings.

Idled Canadian iron ore mine charged with $30K fine over pollution

Mining company will be added to the country’s Environmental Offenders Registry.

Could technology prevent another Samarco?

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.

BSGR boss Beny Steinmetz arrested in Israel over Guinea bribery case

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.

Revolution-era New York mine could produce hydro power

Electricity produced from the turbines would feed into current solar and wind producers, who lack a source of uninterrupted power,

Vale opens largest iron ore mine in its history

Commercial production starts in January, with a ramp-up to 90 million tonnes per annum by 2020

Brazil police steps up efforts to find mining royalty corruption ring members

Prominent local evangelical pastor among the latest public figures being interrogated.

Sierra Leone: Chinese steel firm to invest in $700m iron ore processing plant

Chinese steel firm Shandong Iron and Steel Group plans to invest $700m iron ore processing plant at its Tonkolili mine in Sierra Leone.

BSGR to file multi-billion lawsuit against Rio over Simandou

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.

New WA iron mine to start production in H1 2017

A new iron ore facility in Western Australia expects to start mining in early 2017.

Brazil grants operating license to Vale’s massive S11D iron ore mine

Mine is set to start operations by the end of the year, with first shipment set for January 2017.

Iron ore soars past $80 a tonne

The steelmaking raw material is up 85% this year, or more than double its December 2015 price.

Fresh shake-up at Rio Tinto in aftermath of bribery probe

Russian-Canadian Vera Kirikova will become human resources group executive while Simone Niven will assume the corporate relations group executive post.