Iron Ore Mining News

Former Xstrata boss Mick Davis to mine Guinea's Zogota iron ore deposit

Project offers Davis an opportunity to relaunch his mining career that started in his native South Africa.

Brazilian iron ore supply disruptions to be expected – Report

Wood Mackenzie says close to 8 million tonnes of seaborne supply from Brazil is at risk in 2019.

Scientists say miners should restore animal communities during site rehabilitation

Researchers say fauna tends to be under-recognized in assessments of restoration success.

China's iron ore posts first weekly loss in 2019

China's steel mills appeared reluctant to restock despite the supply outage from Brazil.

Brazil mining authority halts two Vale complexes

The decision was made in light of a possible failure of five dams at both complexes, which are located in Minas Gerais, the same state where the Feijão mine dam collapsed last month.

Black Iron's shares skyrocket after inking MOU with Glencore on Ukraine iron ore project

The companies envision an investment from Glencore that will help fund construction in exchange for offtake of production of four million tonnes of iron ore a year.

Mining stocks rally as copper price hits 7-month high

BHP, Anglo American touch one-year highs.

Glencore will 'vigorously contest' $680m tax demand

The tax demand from the British authorities is linked to transfer pricing

Mining companies operating in Sub-Saharan Africa should invest in renewable energy — report

According to Fitch Solutions, off-grid mines could benefit from reducing their dependency on diesel while taking advantage of the region's favourable climate conditions.

Australia's Fortescue logs 5% drop in H1 profit as demand weakens

The company declared an interim dividend of A$0.19 per share and a special dividend of A$0.11 per share.

China steel futures extend gains, iron ore ends flat

Iron ore continues to influence the ferrous complex, steel prices reflect the rising cost of iron ore and producers are passing it on to the consumers.

Dry bulk market prospects worsen after Brazil dam disaster-shipper Golden Ocean

The final effect on seaborne volumes is yet to be seen, but it is likely that an expected increase in exports from Brazil for 2019 will instead be a small contraction.

The United States' aluminium tariff wall is crumbling

Aluminium associations the world over are calling for a refocus on China's massive production and export capacity.

South Africa's Kumba Iron Ore 2018 headline earnings edge lower

"While challenges are part of the uncertain environment that we operate in... we have the right strategy and teams in place to create sustainable shareholder value."

BHP can't rescue iron ore market after Brazil dam disaster

'We don’t see the case for any major investment in iron ore' - Mackenzie

BHP urges miners to create global body to oversee tailings dams

CEO Andrew Mackenzie said it was too early to say what impact the recent Vale tailings dam disaster will have on efforts to restart BHP and Vale's jointly owned Samarco mine, shut since November 2015 after a dam collapse killed 19 people.

Brazil bans upstream mining dams after Vale's latest disaster

All so-called upstream dams need to be decommissioned or removed by August, 2021, according to a resolution the National Mining Agency published on Monday.

How South African mines cope with power cuts

The utility gives the industry notice to reduce their power consumption by 15–20% when the national grid is at its tightest.

Buybacks and bumper profits on the cards as mining giants report

Big mining has remained stubbornly focused on shareholder returns, rather than spending on acquisitions and big-ticket projects.

Vale evacuates 200 people from town near its Mar Azul mine

The tailings dam at the iron ore mine is inactive so the miner said the evacuation is precautionary.

IBM steps up efforts to help miners improve health and safety records

The company is working with several wearable technology providers so companies can monitor biometric and environmental data to identify whether employees are experiencing dangers or risk, beyond a equipment failure.

Fire shuts down Vale’s Malaysia distribution center

The majority of material from the Malaysian distribution center is Brazilian Blend fines destined for China.

Trust in tailings? Vale dam disaster spurs investors into action

The disaster has called into question the willingness of investors and lenders to continue funding the broader industry.

EU starts investigation into Chinese steel wheel imports

The investigation could lead to provisional duties being applied within nine months and definitive duties, typically in place for five years, in 15 months.

China won't come to the rescue in global iron ore supply crisis

“If China’s mines could produce more they would already be doing so."