Iron Ore Mining News

Moody's bumps US steel industry outlook to stable

Better outlook comes on the back of rising prices, improving capacity utilization and declining imports.

Anglo American about to make key decision on South African assets sale

While the miner is not longer being pressed to include its platinum assets in the divestment plan, the issue of how to package mines and which ones to include, remains a bone of contention.

Huge jump in Chinese iron ore, coal imports

At 92 million tonnes November iron ore imports were the third highest on record, while China's coal imports doubled during the month from a year ago.

Iron ore price surges to 27-month high

"Iron ore is weird because the inventories are very high in China and it's got to be pure spec flows."

Capital allocation: Canadian miners' top priority for 2017

With fluctuating commodity prices, the top priorities for Canadian miners next year will be capital allocation, strategic deal making and employing new technology and innovations, a report shows.

World's top single mine iron ore firm needs 500–600 workers

Pilbara's Roy Hill is ramping up to 55m tonnes per year capacity.

Trump's impact on metals and mining in one chart

Interactive: Donald Trump's victory has created winners and (huge) losers for the mining industry.

Big mining's age of austerity far from over

But asset sales will slow says new report.

Kumba receives the 2016 ET Carbon Disclosure Leader award

Kumba Iron Ore, a business unit of Anglo American has been named as one of the Carbon Disclosure Leaders for 2016 by Engaged Tracking (ET) Index Research and the only company from the BRICS region on the list in its annual ET Carbon Rankings, released on 5 December.

Glencore becomes sole owner of Newlands, Collinsville coal mines in Australia

After buying ought out its two Japanese partners, Itochu Corp and Sumitomo Corp.

Glencore to resume dividend in 2017 as debt reduction on track

Soaring coal prices have helped Glencore, the world’s biggest provider of the thermal kind, straighten its balance sheet.

Iron ore, met coal prices plunge on Chinese steel meltdown

Wednesday sees more heavy losses with steel, coking coal futures on course for biggest one-day declines on record – iron ore drops 8%.

Exploring green growth opportunities for Pilbara

The Norwegian-based company Sahara Forest Project has signed a cooperation agreement to start a feasibility study to explore opportunities for producing food, freshwater and clean energy near the Western Australian city of Karratha, greening arid areas at the same time.

Horizonte to raise $11.2M to fund Brazil's next major nickel mine

Araguaia, which hosts a proven and probable mineral reserve of almost 25 million tonnes grading 1.77% nickel, is expected to begin production by 2019.

ASX slams door on Moly Mines, leaves 4,000 shareholders in limbo

Exchange rules the firm was not allowed to resume trading due to concerns about controversy-plagued Chinese majority shareholder Hanlong Group.

Rio CEO: We'll cut iron ore output to boost cash flow

Chief of world number two producer Jean Sebastien Jacques signals flexibility after moderating view of Chinese demand.

Trump infrastructure bump forecast for global economy

New report predicts US infrastructure spending promised by president-elect could propel global growth to highest since 2011 further boosting metals demand.

CHART: Mining capex decline set to continue

Global miners have been cutting spending on new projects and expansions since 2012.

Iron ore price set to top $80

Chinese futures speculation frenzy continues.

BHP, Vale throw cash lifeline to their halted Samarco iron ore mine

Hefty new loans come as the Brazilian joint venture assesses whether it can reopen the iron ore mine where a dam disaster killed 19 people last year.

Dr. Copper hints mining sector officially out of intensive care

Prices for the metal soared again Thursday to more than $5,700 a tonne.

Brazil: Overhaul of mining sector likely to face significant political resistance

The government has also said it supports introducing a new mining code, but previous attempts to introduce new legislation have been stalled for several years due to political and industry resistance.

Solomon gets green light for 3-fold expansion

Australia's EPA has sanctioned a three-fold expansion of Fortescue Metals Group's (ASX:FMG) Solomon Hub, which could sustain production for another 35 years.

Essential mining laws in Western Australia you must know

Mining. No, not the explosive type, but the other where excavation of the Earth takes place in search of minerals for extraction. But, before you get out there prospecting, you have to be aware of the laws, acts and rights which exist.

Rio Tinto sells Scottish aluminum assets for $410 million

With this deal, Rio has now agreed to more than $1.3bn in divestments this year.