Better outlook comes on the back of rising prices, improving capacity utilization and declining imports.
Iron Ore Mining News
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.
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 is weird because the inventories are very high in China and it's got to be pure spec flows."
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.
Pilbara's Roy Hill is ramping up to 55m tonnes per year capacity.
Interactive: Donald Trump's victory has created winners and (huge) losers for the mining industry.
But asset sales will slow says new report.
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.
After buying ought out its two Japanese partners, Itochu Corp and Sumitomo Corp.
Soaring coal prices have helped Glencore, the world’s biggest provider of the thermal kind, straighten its balance sheet.
Wednesday sees more heavy losses with steel, coking coal futures on course for biggest one-day declines on record – iron ore drops 8%.
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.
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.
Exchange rules the firm was not allowed to resume trading due to concerns about controversy-plagued Chinese majority shareholder Hanlong Group.
Chief of world number two producer Jean Sebastien Jacques signals flexibility after moderating view of Chinese demand.
New report predicts US infrastructure spending promised by president-elect could propel global growth to highest since 2011 further boosting metals demand.
Global miners have been cutting spending on new projects and expansions since 2012.
Chinese futures speculation frenzy continues.
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.
Prices for the metal soared again Thursday to more than $5,700 a tonne.
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.
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.
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.
With this deal, Rio has now agreed to more than $1.3bn in divestments this year.