Iron Ore Mining News

Congo billionaire seeks French loan to develop iron-ore railway

The 450-kilometer (280-mile) track will link the southwestern town of Mayoko to a port at Pointe Noire.

Young Australians oblivious to mining

Despite mining contributing about 6 per cent of the country's GDP, a study revealed that almost six out of 10 of young Australians know nothing at all about mining careers.

EU heads discuss bold-or-fold strategy toward Trump tariffs

European leaders sought unity on Wednesday toward threatened U.S. import tariffs on steel and aluminium, balancing the views of those most fearful of a trade war and those determined not to be bullied into concessions.

BHP faces shareholder class action over Brazil mine disaster

Australian law firm Phi Finney McDonald alleges BHP knew the dam was at imminent risk of breaking but did not tell markets.

Rio Tinto says climbing costs, resource nationalism once again big threats

Chief executive Jean Sebastien-Jacques said the challenge for the industry is to ensure the benefits from the past frugal years are not lost against a backdrop of rising oil prices and increased political risk.

Materials buoy Aussie shares as BHP hits highest since August 2014, NZ at record

BHP shares rose nearly 2 percent, hitting their highest in about 45 months.

China's steelmaking raw materials extend gains on firm demand outlook

The price of steelmaking raw materials in China rose for a second session on Monday on optimism that steel mills will replenish stockpiles as steel production increases and as iron ore inventories at ports decline.

Canada / U.S. big players announce world’s first carbon-free aluminum smelting process

Alcoa and Rio Tinto announced the launching of Elysis, a joint venture company whose goal is to push towards commercial production a newly discovered, carbon-free aluminum smelting process.

Biggest miner says China's shift to quality iron-ore will hold

BHP forecasts reforms in China’s steel sector will continue to hand an advantage to suppliers of higher-quality iron ore and coking coal as consumption of the alloy keeps growing well into the next decade.

China's iron ore rises on renewed steel output; 2nd day of foreign trade

Utilisation rate at mills climb back to November level.

China opens iron ore market to the world in pricing, image push

China to allow foreign investors in iron ore futures from Friday.

Black Iron ranked by CRU as the lowest cost pellet feed iron ore development project

CRU’s independent study shows that Black Iron’s projected operating and construction capital costs position the company well in the global iron ore market.

Rio Tinto to double number of autonomous drills at Pilbara mines

Driverless trucks at the same iron ore operations already haul over a quarter of both ore and waste material.

What to watch in commodities: aluminum, shale, Ag giants, China

Aluminum remains in focus almost a month after the U.S. introduced sanctions against United Co. Rusal, then eased off.

Chilean tribunal gives Dominga iron ore-copper project a second chance

Antofagasta’s First Environmental Tribunal decided to reverse a decision that forbade the Dominga copper and iron ore project from going forward.

Vale eyes $1 bln in dividends each quarter this year

The comments came a day after Vale reported a first-quarter slide in profit of 36 percent on higher costs and lower iron ore prices.

Brazil's Vale 1st-qtr profit slumps by a third as costs rise

The world's largest iron ore producer posted a 36 percent slump in first-quarter profit compared to the same quarter a year earlier.

Federal Council rejects mining referendum in Colombian town

The council endorsed a plea introduced by mining workers against a ruling by the Cundinamarca Administrative Court.

One asset leads South African miner’s growth in Q1-2018

Kumba Iron Ore reported a 4 per cent increase in overall production in the first quarter that ended March 31, 2018.

Caterpillar results prove global economy in good shape

The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations.

Anglo delays Minas Rio restart until year-end, will lose about $400 million

The announcement is the last of a string of difficulties Anglo has faced with the iron ore mine, which was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes.

Australia's Fortescue iron ore shipments, price fall in Q3

The iron ore producer reported a 2 percent fall in third-quarter iron ore shipments on reduced demand in China.

Mining firms from China to Canada watch as Greenland holds election

China already actively seeking opportunities.

BHP cuts 2018 iron ore forecast, cites rail car upload problems

The miner cut its fiscal 2018 production guidance to between 272-274 million tonnes of iron ore from 275-280 million tonnes.

Prosecutors, Samarco to ask more time for disaster's compensation plan

They are seeking to obtain 30 more days to finish details of the plan.