Iron Ore Mining News

Water scarcity, pollution to take shine off Latin American mining sector

In addition to raising costs for miners and delaying certain projects, the focus on the amount of water used by the extraction industry in the region will boost social pressure and anti-mining sentiment, experts say.

BHP Billiton to escalate defence from Elliott with Goldman’s help

Analysts expect BHP to argue that a demerged petroleum business would need to fund offshore growth projects by raising debt. It may also contend that a stand-alone division won’t have the same ability to defer production until oil prices improve.

Iron ore prices keep falling despite a decrease in China’s inventories

After a 85% rise in 2016, iron ore prices are now down 3.2% so far this year, which has placed the commodity in a bear market.

BHP rejects activist fund Elliott urge to spin off US oil assets

Company says the associated risks of spinning off about $22 billion of its US oil assets and listing them in New York would significantly outweigh any potential benefits.

Alderon offers $1 million for part of Wabush Mines to use as tailings disposal for Kami

Alderon Iron Ore Corp. will purchase assets related to the Scully Mine for the purpose of disposing tailings produced from its flagship Kami project

Coking coal price close to $300 a tonne on Australian disruptions

Coking coal prices gained 86% to $283.10 a tonne this week, the biggest gain in four years.

Iron ore miners shares drop as prices collapse

Ore with 62% content in Qingdao fell almost 7% overnight, entering a bear market and erasing all of this year’s gains.

Buy precious, sell base (metals)…..

Precious metals expert Michael Ballanger explains why he believes base metals are overbought and precious metals, especially silver, are set to appreciate.

Rio Tinto to fight $447 million Australian tax bill

The amount is linked to what is known as “transfer pricing” between Rio Tinto’s Australian operations and its Singapore office.

BC mining financing dropped 40% in 2016

The mining industry still received 29% of the Canadian province’s top-grossing corporate financing deals.

Cyclone damage causes BHP to declare force majeure in Australia

The miner said it won't meet its coal export commitments due to the damage caused by cyclone Debbie, which struck Australia’s north-east coast last week.

Iron ore drops below $80 a tonne again

So far this year, the commodity has risen just 0.6%, quite far from the over 20% gains seen just over a month ago.

Top 50 biggest mining companies

Combined worth of $842 billion with 20% gains so far in 2017.

Search for ship containing 260,000 tonnes of iron ore continues

The Stellar Daisy, which set out from the a port in Brazil to China, last made contact on Friday. 22 out of the 24 crew members are still unaccounted for.

Cyclone Debbie disrupts $3.2bn of Australian coal exports

Damage to rail lines in cyclone-hit Queensland have disrupted the shipment of between 15 million and 20 million tonnes of coking coal destined to Asia.

Ports in China have enough iron ore to build 13,000 Eiffel Towers

With enough iron ore to construct Paris's Eiffel Tower nearly 13,000 times over, China's ports are bursting with stockpiles of the raw material and some of them are demolishing old buildings to create more storage space, trading sources said.

Vedanta CEO Tom Albanese to leave company in August

The news follows the exit of former Anglo American CEO Cynthia Carroll, who stepped down last month.

Iron ore price under pressure from Chinese mine restarts

Iron ore price down 12% in two weeks – Rio Tinto says Chinese domestic reboot is "main source of uncertainty" for the market.

Miners to spend $21 billion on exploration by 2025

Equipment and services suppliers will have to wait at least another year until they can fully feel the impact of this trend, says CSA Global — the world's second-largest mining sector consultancy.

Vale’s new CEO Schvartsman a political move in the right direction — analysts

Fabio Schvartsman will lead the transition of the world’s largest iron ore miner into a new shareholding structure.

Iron ore hits lowest price since early February

The steelmaking ingredient has shed almost $10 a tonne in just a week.

US court cancels most of class action against Samarco over deadly dam burst

Vale said the US District Court for the Southern District of New York annulled the majority of a class action lawsuit against the company and executives over the 2015 deadly accident.

How to build a mine

There are three key components to building a mine, starting with a competent, experienced management team.

Making the grade: understanding exploration results

The most exciting news from a mining exploration stock is a high-grade drilling result.

World’s first seabed gold, copper, silver mine to begin production in 2019

Canada’s Nautilus Minerals is getting closer to kicking off operations at its Solwara 1 gold, copper and silver project off the coast of Papua Guinea.