Iron Ore Mining News

China to revoke over 1,000 iron ore mining licences amid pollution crackdown

Figure represents about a third of the country's iron ore mines currently in operations.

Australia's Roy Hill says can expand iron ore capacity beyond target

Iron ore miner says it has the ability to expand its production capacity beyond the 55 million tonnes it has targeted.

Iron ore prices bounce back

Following several days of losses, iron ore spot markets saw a slight growth on Tuesday

Microorganisms help form iron ore caves

There is a strong correlation between the location of BIF caves and the presence of iron ores of global economic significance

Sula strikes 'bonanza grade' gold in Sierra Leone

The Sierra Leone-focused miner has found gold of almost "bonanza grade" at the Ferensola gold project in the Sula Mountains of Sierra Leone.

Brazil’s president revokes decree allowing mining in Amazon

It would have opened up for mining a vast national reserve in the country’s Amazon, larger than the size of Switzerland.

China wants to reduce winter pollution by cutting steel production

China is expected to slash in half the rate of steel production in Tangshan, a city in the north-east that produces 11 per cent of the country’s total output

Aluminium producer Norsk Hydro warns of Brazil bauxite shortfall

The Mineracao Rio do Norte (MRN) bauxite mine is experiencing problems with its tailing systems due to a water shortage caused by dry weather.

Caterpillar and Fortescue moving forward with expansion of autonomous truck fleet in Australia

Companies have reached agreement for the expansion of Cat® Command for Hauling at Fortescue’s iron ore mines in the Pilbara region of Western Australia.

UK Labour leader says he'll invest in former mining towns and steel industry

Jeremy Corbyn, whose Labour Party came second in the 2017 UK general election, has reached out to communities hit hard by the downtown in the coal and steel industries.

Anglo’s plan to further expand vast iron ore mine in Brazil hits roadblock

Public prosecutor for the state of Minas Gerais, where the iron ore mine is located, ordered the company to reschedule two public meetings as it had failed to inform of it to all communities potentially affected by the planned expansion.

Iron ore sheds almost 4 pct more — worst week since May 2016

The commodity has fallen every week so far in September.

Rio Tinto is buying another $2.5 billion of its own shares

Brings the total to $4 billion for the year.

Iron ore's recent reversal likely the start of longer slide: Russell

As always when prices start to decline after a surge that appeared unrelated to supply-demand fundamentals, the question is will the reverse become a rout and where exactly does fair value lie?

Indian billionaire Agarwal to be Anglo American’s top shareholder

He intends to buy as much as 1.5 billion pounds (about$2 billion) worth of additional Anglo American shares.

Iron ore price drops through $70

Now Australia's central bank wades into debate about the direction of the iron ore price.

BHP Billiton Foundation launches two new transparency projects

BHP Billiton Foundation announced Tuesday its financial support for two new global projects launched at an event held in Washington DC.

BHP’s shareholders to vote whether firm should leave Australia’s top mining lobby group

Investors to vote on the two resolutions submitted ethical investing group ACCR at BHP’s annual general meeting in London in October.

Brazil's Vale to meet debt target before implementing new growth plans – exec

The company is also interested in investing in the electricity sector itself or through a joint venture.

Iron ore price drops as Chinese steel begins to pile up

Chinese steelmakers are producing at record rates before mandated cuts in winter which could result in a steep drop-off in iron ore demand later this year.

Rio Tinto's chief financial officer Chris Lynch to retire in 2018

He joined the company's board in September 2011 and was appointed chief financial officer in April 2013.

India's JSW Steel aims to to increase own iron ore production

The company, India's biggest local steelmaker, aims to be producing 80% of the iron ore needed for its flagship plant in south India in three years time

The $10 trillion mineral resources North Korea can't tap

North Korea may not have proved petroleum reserves, but it's estimated that the secluded belligerent nation sits on reserves of more than 200 minerals—including rare earth minerals—worth an estimated up to US$10 trillion.

Mineral exploration in Australia: Good News

Mineral exploration spending (excluding petroleum), which rose 9.9 per cent in the June quarter to an estimated $437.7 million on a seasonally adjusted basis.

The oil market is bigger than all metal markets combined

Ever since the invention of the internal combustion engine, oil has been one of the most crucial commodities on Earth.