Iron ore price has surged by more than 40% in less than two months as Chinese steelmakers chase high-grade imports.
Iron Ore Mining News
The steelmaking raw material hit its highest level since April driven by the demand of China’s steel industry
Chalkstone was born out of counter-insurgency tactics used by troops in Afghanistan, but its unique methodology is now being used by miners, which can map-out power structures and counter the potentially crippling risk of strikes and political opposition.
Provinces and territories, beginning by Ontario, need to follow the lead of Nunavut, where Inuit communities have benefitted from successful gold and iron ore mines.
The company will return a total of $3 billion to shareholders: $2 billion on the dividend side and $1 billion of share buybacks.
Brad Halverson has spent nearly three decades with the mining and construction equipment maker.
Brazilian newspaper had claimed BHP was selling its stake in the Samarco iron ore mine to its partner Vale.
Ore with 62% content in Qingdao jumped 7.2% to $73.70 a tonne, according to the Metal Bulletin, the highest price since April 11 and the largest one-day percentage gain since December 1, 2016.
A torrent of retirements over the next 10 years is poised to wreak havoc on the mining labour market in Canada.
What a difference a year makes.
These courses can help you identify and evaluate the risks involved in mining investments before it’s too late.
It now expects adjusted earnings per share to come in at $5, significantly higher than the $3.75 it had forecast just three months ago and almost doubled the $2.90 it had originally projected for the year.
Shareholders hadn’t received dividends since 2015, when iron ore fell below $40 a tonne amid a global crash in commodity prices.
"Suspected corruption in the conduct of business in the Republic of Guinea by the Rio Tinto group, its employees and others associated with it."
Mosaic chief Joc O’Rourke also said BHP’s target of 2023 for first production looks unachievable.
After strong start to 2017, US steel output growth for the first six months slows to just 1.3%.
South Africa intends to suspend the granting of applications for prospecting and mining rights as well as any renewals pending a court case to review new mining laws, the Mineral Resources Minister Mosebenzi Zwane said on Thursday.
While the decision doesn’t ban Fortescue from continuing to operate the mines, it paves the way for the group to sue the company for hundreds of millions of dollars in compensation claims.
Hedge fund manager says expanding into the currently over-supplied fertilizer market is just a bad idea.
As steel production reaches all-time high Chinese miners pump out most iron ore since 2015 while refined copper output jumps 12% to highest in 18 months.
Prices have climbed almost 7% since Monday and almost 32% since the recent low of $53.36 a tonne hit on June 13.
World number one miner's Pilbara mines produce 268m tonnes for the year, but strike at Escondida sees copper output slide 16%.
From the recent low of $53.36 a tonne hit on June 13, iron ore prices have now surged more than 27%.
Big winners will be aluminum, copper, lead, lithium, manganese, nickel, silver, steel, and zinc and rare earth minerals such as indium, molybdenum, and neodymium.
Vutomi licences were extended into additional area of mineralization adjacent to the firm’s Frischgewaagt project in South Africa.