Iron Ore Mining News

Top 50 mining companies reshuffle as Chinese, lithium firms climb rankings

Combined worth of 50 largest mining companies grow to $768 billion during first half of 2017, but a few big names drop down rankings.

Getting scrappy: China iron ore demand may falter as steel recycling grows

China's supply of steel scrap is surging as aged buildings, bridges and cars produced over decades of rapid economic growth are knocked down, dismantled or crushed.

As Indonesian nickel ore flows again to China, famine turns to feast: Andy Home

The flow of Indonesian nickel ore to China has resumed after a three-and-a-half year break.

WTO hears widespread criticism of US steel tariff plan

U.S. President Donald Trump's plan to restrict imports of steel and aluminium for national security reasons came under fire at the World Trade Organization on Friday, with China, the European Union, Brazil, Australia, Taiwan and Russia raising concerns.

BHP injects $250 million into Samarco for clean-up

It also said that a Brazilian court had granted it and its partner Vale a four-month extension to negotiate a settlement to a $47 billion claim stemming from the 2015 mine disaster.

Iron ore price jumps to 8-week high

Physical markets, not just futures speculation behind the latest rally

Caterpillar reshuffles top management for mining divisions

Doug Hoerr, Caterpillar's vice president of the material handling & underground division, is retiring in August after more than 20 years with the company.

Brazil's Vale shareholders approve corporate reorganization

Shareholders of Brazil's Vale SA approved a share conversion plan on Tuesday in a move that should boost transparency, give equal votes to all shares and limit government meddling in the world's No. 1 iron ore producer.

Iron ore price soars

China bulls kick iron ore price 6.5% higher.

Iron ore price: BHP starts work on $3.2 billion mine

South Flank will replace lost production from 80mtpa Yandi operation reaching end of its life.

South Africa's chamber of mines challenges new charter in court

South Africa's Chamber of Mines has applied to a high court for an interdict to prevent the implementation of a new charter that increases the minimum threshold for black ownership of mining companies

Global environmentalist Yolanda Kakabadse to Chair IUCN independent scientific panel on Brazil’s Rio Doce watershed

IUCN former President, globally recognised environmentalist Yolanda Kakabadse, will Chair the new IUCN independent scientific and technical advisory panel on the restoration of the Rio Doce watershed in Brazil, following the 2015 collapse of the Fundão tailings dam at the Samarco iron ore mine.

China shuns Indian iron ore in favour of Australia's

Chinese steel mills are turning their backs on India and embracing Australia as a source of higher-grade ore for steelmaking.

Iron ore reverts to supply-driven market after 2016 aberration: Russell

Iron ore's demand-driven price surge last year is increasingly looking like an aberration as supply factors once again start to weaken the price outlook.

Australia's Atlas defers new iron ore mine over price falls

Australia's Atlas Iron, which narrowly escaped collapse when iron or prices crashed in 2015, has deferred construction of a new mine, citing weak prices for the steelmaking commodity.

After rainforest victory for Brazil’s environmentalists, a mining battle looms

Brazil ministry wants to open border regions to foreign miners. Amazon-basin area about the size of Alaska could be affected.

Miners punished as iron ore price resumes decline

New Citigroup report predicts low $40s by end of the year, early 2018.

BHP Billiton announces new Chairman

The world’s largest mining company announced that Ken MacKenzie has been elected to succeed Jac Nasser

Cliffs picks site in Ohio for $700-million iron ore plant

Up to 130 jobs could be created in Ohio at a new iron ore processing facility to be operated by Cliffs Natural Resources (NYSE:CLF).

Korean consortium bids for Australian iron-ore giant Arrium

A consortium of companies including Korean steel juggernaut POSCO has made a bid for Arrium, a major Australian iron ore miner and steelmaker.

More than 1,500 workers fired at Sibanye’s Cooke mine over strike

Workers at the mine downed tools over a week ago, angered by the company’s actions to eradicate illegal miners from its operations.

South Africa just hiked black ownership rules, miners getting crushed

The country will require local miners to be 30% black-owned and has set a 12-month deadline for them to comply with the new rules.

U.S. company signs collective agreement to restart Wabush Mines

Miners at the closed-down Wabush Mines in Labrador could be back on the job thanks to the recent signing of a collective agreement with the union.

Rio Tinto’s Silvergrass iron ore mine to begin production by year-end

The $338 million-project will take annual mine capacity from 5 to 10 million tonnes.

Top 40 miners returned to profit in 2016: PwC

Is the bad and the ugly over and the good returning to the mining industry? PwC seems to think so.