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.
Iron Ore Mining News
The commerce department, has instructed US border officials to collect cash deposits at a margin of 231.7 percent
The mining community is salivating.
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.
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.
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
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.
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.
Force majeure declared due to the Rhine river's low water levels.
Its an accounting thing.
China’s switch from industrial-led to consumption-led growth seems to be showing up everywhere except the production numbers of iron-ore miners.
Though we have not seen a material impact on our business, we remain cautious in the near term
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.
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.
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.
The United States is seeking to impose quotas on Mexican steel exports as part of a negotiation to remove metals tariffs.
Steel demand expected to rise by 3.9% in 2018, but trade tensions are clouding global economic outlook.
Iron shipments fell about 5 percent, hurt by planned maintenance and safety pauses across all operations following a fatality.
Sanjiv Manchanda replaces Cliff Lawrenson as named CEO in overhaul.
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 today announced plans to meet the needs of the industry as the physical market evolves along different grade specifications.
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.
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
Iron ore shipments to China from Australia's Port Hedland terminal rose 5.3 percent in September.
PIRC has recommended that BHP Billiton shareholders oppose the mining company's remuneration report at its AGM on Oct. 17