Iron Ore Mining News

UNEP urges mining companies to better manage tailings facilities

The agency is urging mining companies to put safety first and avoid erecting dams using methods that are known to be high risk.

Global steel production at 7-month low

Price of iron ore declines ahead of Chinese winter steel output cuts, widening Kobe Steel scandal.

China steel surges as more output cuts seen; iron ore, coal jump

Mills in some northern Chinese cities ordered to cut output, acting on government policy to fight smog caused by pollution from industrial plants.

BHP expects China's growth to ease modestly over short term

"[W]e expect growth in China to ease modestly over the short-term, as monetary policy tightens and housing and automotive markets soften," Mackenzie said.

Vale’s iron ore output hits another record

Iron ore production rose 3.3% compared with the same period last year to hit a fresh quarterly record of 95.1 million tonnes.

Vale puts stake in New Caledonian nickel unit up for sale

Move is part of a wider review of low performing assets after new Chief Executive Fabio Schvartsman took charge in June.

BHP's copper production up sharply, iron ore down

Fire shrinks Mt Whaleback iron ore production, but output at world's largest copper mine Escondida in Chile jumps 23%.

Copper price: Rio slashes production guidance

Delayed ramp-up at Escondida, mine sequencing at Kennecott.

Iron ore price leaps again

Despite new report predicting zero steel demand growth in top consumer China.

Sibanye scraps planned closure of loss-making South African mines

Precious metals miner said its platinum group metals (PGM) operations had delivered "solid operational results" in the first-half of 2017, prompting an upward revision to its 2017 production forecast and a downward revision to guided costs.

Penguins put $2.5 billion mining project in Chile on ice

A waddle of penguins has stopped a $2.5bn (£1.9bn) mining project in Chile.

Iron ore price soars as Chinese imports reach record high

Monthly cargoes top 100 million tonnes for the first time ever.

Elliott tours BHP investors in renewed push for radical shake-up – sources

Representatives from Elliott have in the last month met with major BHP investors based in London, South Africa and Australia to lay out the activist fund's arguments for an overhaul of the miner.

Iron ore dangerously close to $60 a tonne

Ongoing concerns that looming steel production cuts in China on environmental grounds will sap steel mill demand continue to weigh on prices.

Top iron ore exporter sees price dipping below $50 a tonne by 2019

Australia’s Department of Industry, Innovation and Science sees iron ore prices averaging $50 a tonne next year, and dropping to $49 a tonne in 2019.

Australia's Port Hedland China iron ore exports up 2.8 pct in Sept — port

Overall, September iron ore shipments from the world's biggest export terminal for the steelmaking raw material increased to 43.4 million tonnes from 42.8 million in August.

Rio Tinto back on track to haul iron ore in driverless trains in 2018

Staff sitting hundreds of km away oversaw successful pilot run.

George Glasier: Rising vanadium prices could increase uranium production

George Glasier thinks the uranium price hovering around $21 means that there is currently enough supply to meet demand in the market.

Iron ore price resumes fall

At three-month low with $50s now in sight.

South Africa’s mining industry fortunes improving, but challenges remain — PwC

A strong price recovery for the main commodities South Africa mines and exports has helped the country’s sector stage a turnaround in 2017, the first time in five years the industry is back in the black.

Botswana Diamonds soars on promising find at South African project

Sampling work at Ontevreden, part of the Vutomi joint venture, seems to prove the presence of high-grade kimberlite pipes.

China iron ore makes biggest monthly drop since May 2016 as demand concerns rise

The Dalian Commodity Exchange's most-traded iron ore contract, for January delivery, closed down 0.98 percent at 454.5 yuan ($68.45) per tonne.

Canadian steel producer Stelco plans $150-million IPO

Following its emergence from bankruptcy protection three months ago, Stelco filed Wednesday a preliminary prospectus with securities regulators in Canada for a proposed initial public offering of its shares.

HKEX plans to launch iron ore futures in November

Hong Kong stock exchange plans to launch a U.S. dollar-denominated, cash-settled iron ore futures contract in Hong Kong to compete with U.S. & Asian rivals.

China to revoke over 1,000 iron ore mining licences amid pollution crackdown

Figure represents about a third of the country's iron ore mines currently in operations.