Iron Ore Mining News

Dalian coking coal extends gains as smog crackdown tightens supplies

Chinese coking coal futures rose their most in a month on Thursday, buoyed by firm physical prices.

ArcelorMittal reaches Ilva deal with unions, opening way for takeover

ArcelorMittal signed a preliminary agreement last year to buy Ilva, which has the largest steel-producing capacity in Europe.

China's iron ore futures push hits speed bump as prices stagnate

Contracts held by investors in China's iron ore futures have fallen to the lowest in more than three years.

India's Anil Agarwal succeeds with Vedanta Resources buyout

Some in the industry see this move as a prelude to a potentially broader deal with bigger miner Anglo American.

The challenge of creating a solution that avoids mining transcripts

Developers want to ease up geologists' work.

Shanghai rebar extends losses into 5th day after rally on output curbs

Shanghai rebar steel futures dropped nearly 1 per cent.

'I was cheated' – Tales from the collapse of a commodity giant

A former Singapore civil servant recounts how he’s lost almost $36,600 in the implosion of Noble Group Ltd.

Vale's iron ore output will rise only if prices increase -CEO

Fabio Schvartsman said the company would ramp up annual production to 450 million tonnes only when prices rise.

Brazil's Usiminas seeks to sell stake in miner Musa

Brazilian steelmaker Usiminas has hired Banco BTG Pactual SA to sell its 70 percent stake in its mining company.

Planes and trains oust miners from top ranks of Canada benchmark

Companies that make and move things are now a bigger part of Canada’s stock market than those that dig them up.

Russian ministries reject proposed windfall tax on metals and mining firms

Russian government ministries have agreed that a proposed windfall tax on metals, mining and chemical companies was inappropriate.

Brazil's Samarco mine unlikely to restart in 2019 -BHP

There is little likelihood that Brazil's Samarco iron ore mine, a joint venture between Vale SA and BHP Billiton, will restart operations next year even though it expects to have all of the required licenses.

BHP’s costs crash diet is running out of steam: David Fickling

Going on a crash diet seems great while you’re shedding the pounds. The problem is sticking with it for the long term.

BHP annual profit jumps 33 percent, misses forecast

Analysts thought profits would reach $9.27 billion.

L&M Coal Holdings wins $40m NZ high court action against Bathurst Resources

LMCH successfully argued that further payment for West Coast coal assets that it sold to Buller in 2010 in a deferred settlement agreement was due because Buller had triggered agreed production levels.

Australian iron ore miner Fortescue's annual profit halves

Fortescue Metals said that its annual profit halved as prices for its lower quality iron ore fell.

Anglo Pacific buys iron ore royalty stake, seeks more deals

Anglo Pacific shares were up 2.5 percent by 1053 GMT, while the wider sector had gained 1 percent.

Baffinland submits environmental update for May River project to Nunavut authorities

Document proposes replacing the road connecting the mine to a port with a railway, to reduce dust and sediment in the water.

Rio Tinto closer to selling $6bn stake in Iron Ore of Canada

Company is said to have hired Credit Suisse to conduct an auction of its 58.7% interest in IOC.

Canada to consider steel safeguard response to US tariffs

Canada will consider a safeguard action on seven steel products to protect domestic producers from imports since the United States imposed tariffs in March.

How Canada’s mining sector impacts the economy

Canada is one of the world’s largest exporters of minerals and metals, supplying approximately 60 different mineral commodities to over 100 countries.

Brazil steelmaker Usiminas resumes some operations after plant blast

Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA will resume partial operations on Monday at its Ipatinga plant after an explosion injured 34 workers.

Soviet collapse echoes in China’s Belt and Road

Like the Soviet Union in the 1970s, China is coming to the end of a long labor-force boom and hoping that an orgy of investment will keep the old magic going while stabilizing its fraying frontiers.

Several people hurt in blast at Brazil steelmaker Usiminas' plant

Brazilian steelmaker Usinas Siderurgicas de Minas Gerais said said none of the injuries were severe.

Trump escalates feud with Turkey, imposing higher metals tariffs

Trump's move sendsReut Turkey's lira currency deeper into tailspin