Iron Ore Mining News

Coal dwarfs battery metals in mining deals despite war on pollution

Coal and iron ore dominated mining takeovers in 2017, Thomson Reuters data shows, with buyers favoring the heavily polluting devil they know over the uncertainties of a battery-powered future.

CHARTS: Big mining's surge in value shames tech giants

The mining cycle turned two years ago – gains for the sector's largest companies have far outpaced stocks like Apple, Amazon, Google and Facebook since.

Mining investments in Peru grew by 54.8% in November

Investments grew by 54.8% compared to the same month of 2016.

China's steel futures fall as snow to curtail construction demand

Cold weather is expected to hit regions across China in the coming week, bringing snow and rain that may cause disruptions at construction sites, one of the biggest consumers of steel.

Vale is said to be negotiating BHP exit from Samarco venture

Vale and BHP Billiton in talks over future of their Samarco iron-ore joint venture, including the possibility of the Brazilian miner taking full ownership.

Russia's Mechel says has enough creditor support for restructure of $1bn loan

The company, which is controlled by businessman Igor Zyuzin and came close to bankruptcy last year, circulated the final draft of a restructuring proposal among its creditors.

Why Tata Steel wants to expand capacity at its iron ore mines

In about four years, Tata may need 13.6 million tonnes of iron ore annually.

China halts oil product exports to North Korea in November as sanctions bite

Beijing also imported no iron ore, coal or lead from North Korea in November.

Africa development body, funds see opportunity in mining infrastructure

Africa Finance Corporation has already expanded its debt or equity funding for resources projects from oil into mines, including bauxite scheme in Guinea.

BHP to fund $181m for more Samarco dam cleanup

BHP has agreed to fund a total of up to $181 m in financial support for the Renova Foundation and Samarco Mineração S.A. (Samarco) until 30 June 2018.'s top news stories of the year

Copper and bitcoin.

Brazilian miner Vale says entering new era of big dividends

"Now is the era of the Vale dividends. Vale will become a big payer of dividends if everything goes well," CEO Fabio Schvartsman said on Friday.

Chinese steel futures extend gains, track spot prices

The most active rebar on the Shanghai Futures Exchange climbed 2.6 percent a tonne by the close, posting its biggest daily gain in more than two months.

Western Australia government rejects Mineral Resources’ iron ore project

The decision is final and without appeal.

Ships in a bottleneck: China, Australia ports clogged as coal, iron ore demand soars

With some vessels waiting to load coal and iron ore outside Australian ports for over a month, key charter rates jumped to highest in more than three years.

Value of top 50 mining companies surge $140 billion in 2017

More than half the 2017 combined market cap gains for the world's largest listed miners accrued to just five firms as gold producers drop out of top 10.

Miners big and small bank on China's hunger for high-grade iron ore

China's aggressive campaign to clean its skies by clamping down on polluting steel mills has fuelled a need for high-grade iron ore.

Dalian iron ore, coking coal extend gains even as steel retreats

Iron ore futures in China rose for a second session on Tuesday, supported by demand from steel producers for high-grade raw material to boost productivity.

China's copper, zinc output jumps to 3-year high on stronger prices

Domestic iron ore mines are also humming.

Iron ore, coking coal prices are soaring

Iron ore price jumps 5.2%, coking coal rises to levels last seen during cyclone Debbie as Chinese mills restock.

CHART: High flying metals to fall back to earth in 2018

Panel of investment banks and research houses forecast declines in copper, zinc, lead and palladium prices in 2018.

Kazakhstan’s largest iron ore company now has a smart mine

With a $10 million investment, the Kacharsky mine is being transformed into a smart mine.

China's Nov commodity imports confirm trends; copper the outlier: Russell

In past three months, China’s commodity imports were extremely strong in Sept, unbelievably weak in Oct, now roaring back to strength in Nov.

Africa's Sula Iron and Gold changes gear with DRC cobalt license

Sula Iron and Gold plans to change name to African Battery Metals, reflecting a shift in focus after buying controlling stake in cobalt license stake in DRC.

Chinese steel rebounds as output curbs deepen, iron ore dips

Chinese steel futures bounced back Monday after three-day drop as output cuts in world's top producer deepened with China's anti-pollution campaign.