Iron Ore Mining News

Chinese iron ore off 10-mth low on March output data

The world's biggest steel maker last month churned out a total of 73.98 million tonnes of steel, up 4.5 percent from a year ago.

After setbacks, Anglo American counting on turnaround for Minas-Rio mine

Minas-Rio is Anglo American’s biggest development project, and its bet on the future of iron ore.

Anglo gives 30-day leave to workers at suspended Brazil iron ore mine

The company halted production and transport operations for 90 days at the Minas-Rio mine to comply with a request by authorities that it inspects a pipeline that has leaked twice.

Brazil's Vale reports iron ore output slips in Q1

The world's top iron ore producer said that heavy rains in the first three months of the year impacted its output.

Copper, iron ore prices gain on robust Chinese imports

China's copper imports bounce back in the first quarter and is now up more than 7% year-on-year and iron ore shipments remain on pace for another record.

Mining billionaire backs outback gas pipeline to ease power woes

The project, being considered by the federal government, may cost as much as A$5 billion ($3.9 billion), according to one industry estimate.

China to allow foreign investors to trade iron ore futures starting May 4 -regulator

China is the world's biggest consumer of iron ore, the raw material for manufacturing steel.

Eurasian Resources Group: market outlook 2018

The past couple of months have featured a broad retracement of the metals complex, away from the recent highs.

Rio Tinto defends executive bonus structure

Proxy adviser Glass Lewis criticised the firm for paying out bonuses in 2017, a year when two employees died at work.

Iron ore giant says miners have shut gates on new supply

Global iron ore miners have turned off the tap on adding new production capacity to feed China’s steel mills.

Private capital flowing into mining on track for record year

The second largest ever private equity fund focused on mining closed in the first quarter – 13 funds aim to raise a further $4.9 billion in 2018.

ICSID rejects BSGR’s motion in battle over Simandou iron ore project in Guinea

The information was made public by The Wall Street Journal, whose journalists had access to a procedural order.

Venezuelan Catholic Church worried about mining devastation

"The church but the entire world is worried about the environmental degradation that unregulated mining activities are causing in the Bolívar and Amazonas states."

World’s top miner BHP quits global coal group over climate stance

The miner is withdrawing from the World Coal Association over a clash of views on how to fight climate change, with BHP saying it’ll reap little benefit from staying on as a member.

Brazil state fines Anglo American $37.73 million over pipeline leak

The leak in the pipeline, which carries slurry to a port in Rio de Janeiro state, occurred on March 12 and forced the miner to suspend operations until March 27.

South African court backs industry on black ownership

Uncertainty around the Mining Charter and ownership levels have deterred investment in a sector that accounts for 8% of the country's economic output.

Vedanta, others can transport royalty-paid iron ore from Goa -Court

India's Supreme Court in February quashed all iron ore mining permits in the southwestern state of Goa, one of the top producing states for the steel making raw material.

Anglo needs 90 days to inspect leak at Brazil iron ore operations

It said the leak of non-hazardous iron ore slurry was stopped within eight minutes and caused no disruption to local water supply.

CHARTS: Mining rally running out of steam as copper price weighs

Cobalt, nickel still on the boil, but gloomier outlook reflected in copper price and fall in market value of top mining companies during first quarter.

South Australian geologists to drive a revolution in minerals exploration

New research centre has been established to help reduce the cost of mineral exploration in Australia in order to boost output.

Queensland’s resources sector wins gold in job numbers

Queensland’s resources sector is powering jobs growth across the State with Australian Bureau of Statistics (ABS) data showing an increase of close to 10,000 jobs in the February quarter.

Anglo American ordered to halt Brazil ops again after leak

A document by Brazilian environmental watchdog Ibama seen by Reuters said Anglo American would only be allowed to resume operations once it demonstrates the pipeline's security.

Port, railway workers reject Canada miner IOC's latest offer

Negotiations stumbled on monetary issues.

Britain's Vedanta hit by up to $600 mln charge for Goa iron ore unit closure

The latest ban would affect not only Vedanta but also several small unlisted companies run by local families.

Exploration spending in Canada’s poorest regions keeps sliding

The Northwest Territories and Nunavut, two of the three regions with the lowest income per capita, will see exploration investment to drop again in 2018, Natural Resources Canada says.