Iron Ore Mining News

Iron ore, copper prices recover after record Chinese imports

November copper concentrate shipments to China hits all-time monthly high – annual iron ore imports set to easily surpass 2016's record 1 billion tonnes.

Vale aims to halve debt to $10bn by 2019

The company also said is ready to shut Caledonia mine mid-next year if it has not found a strategic partner ready to buy a 20 to 40% stake in the project.

Chinese iron ore and coke futures dive on steel demand concerns

Chinese coke and iron ore futures fell further in trading Thursday, amid growing concerns that steel demand in world's top producer will decline for winter.

Biggest iron ore miner threatens to flood market if prices surge

Brazil's Vale is prepared to unleash as much as 50 million metric tons of spare capacity to balance the market if prices get too high.

Minerals Council of Australia launches project to boost sector

The Minerals Council of Australia is launching a research project to identify opportunities for Australia to boost mining and mining services exports and outward mining investment in Asia.

Vale sees 2018 iron ore prices not much lower than this year

Fabio Schvartsman also said the company would do everything to resume operations as soon as possible at the Samarco mine.

Vale expects to sell up to $1.5 bln in non-core assets through 2020

The Brazilian miner revealed these expectations in a presentation to investors in New York on Wednesday.

Iron ore enters bull market as China's curbs supercharge steel

Spot ore with 62 percent iron content jumped 3.7 percent to $72.68 a metric ton, the highest since September 14, according to Metal Bulletin Ltd.

Rio Tinto aims for "intelligent" Australian iron ore mine

This intelligent mine would cost around $2.2 billion to develop and incorporate technologies such as robotics, driverless trains and trucks on a single site.

Rio Tinto appoints one of its own as the company’s new chairman

After a nine-month search, the miner has picked the current leader of the remuneration committee, Simon Thompson, to assume the post in March 2018.

Brazil new mining regulations pose short-term downside risks: Analysts

Could the lack of a broader mining code overhaul weigh on investor sentiment over the coming months?

Canada court backs need to consult aboriginals on projects

Canada's top court ruled in favor of aboriginal bands seeking say in Yukon territorial government effort to develop coal and iron deposits in wilderness.

Mining salaries ranked for geologists, metallurgists and the C-suite

Two-thirds of miners increase head count in '17

Two women to lead Australian iron ore mining company

As soon as the new year kicks off, Fortescue Metals Group will be led by new CEO Elizabeth Gaines and her right hand Julie Shuttleworth.

Brazil mining code unchanged as Senate fails to vote on bill

Brazil’s lower house of Congress removed from the agenda the discussion of a transitory presidential decree, which modified the country’s current mining law.

Mine site restoration needs more time: Australian researchers

They say the mining industry is being asked to achieve thousands of years of natural soil development in under a decade.

Archaeologists find connection between metalwork and Iron Age feasting rituals

Found during an excavation at Glenfield Park, Leicestershire, the collection is unprecedented in terms of the overall mix of findings.

Iron ore will go back to $50, says Goldman Sachs

Analyst Hui Shan said that Goldman’s projections see iron ore falling to $60 a ton in three months, $55 in six and $50 in 12.

Tax payments from Minnesota's iron ore industry show lower production

Taconite-pellet plants and ore-concentrating firms produced 29 million tonnes last year, down from 33 million tonnes in 2015.

BHP tightens belt, targets $1.6bn in cost-cutting at Australian operations

The world’s No.1 miner is targeting as much as $1.6 billion in productivity gains at its iron ore, copper and coal units in the country over the next two years.

Investors force Rio Tinto to ditch plans to have Mick Davis as chairman

Decision comes in the wake of a full-scale investor revolt led by the Investor Forum, a London-based body representing some of the world’s biggest money managers.

Mineral Resources not surprised by Environment Minister's rejection of its Western Australia project

"This position has remained unchanged for a number of years," the miner said.

The race to make mines smarter

SAP touts success with its own AI and predictive analytic tools.

Australia's Clive Palmer wins court case against China's CITIC

Palmer's Mineralogy claimed it is owed money by CITIC's Sino Iron mine in Western Australia over a failure to agree to a formula for calculating the value of the ore extracted at the site following a shift in pricing in the iron ore market.

Dalian coking coal, iron ore extend rally to 10-week high

China's coal imports dropped 21 percent in October as government moves to replace coal with cleaner fuel, iron ore prices followed coal futures higher.