Trump plans on investing several-hundred billions of dollars into rebuilding and repairing infrastructure across the US.
Iron Ore Mining News
The fresh gains are partly down to strength in Chinese steel prices following further production cuts in the Northern China city of Tangshan, analysts say.
Commodities are back in favour, boosting oil producers and miners after their annus horribilis of 2015.
The world's second largest miner said the job cuts at its Australian iron ore business are part of a restructuring of the division.
Employees at Rio Tinto's (LON,NYSE,ASX:RIO) Hope Downs 4 mine in Australia will do better than a lump of coal over Christmas this year.
Platform aims to help local suppliers bid for contacts related to the Plan Nord, a provincial initiative to invest about $1.3 billion in infrastructure and other projects over the next five years.
Even if the US president-elect's massive infrastructure build-out plan makes it through Congress intact.
Energy and Minerals chief executive Alan Davies said he would take the mining giant to court over his dismissal, adding there were “no grounds” for his termination.
South Africa's Gold Fields has already lost nine of these vehicles since it adopted the technology at its St Ives operation, in Western Australia.
BHP, Fortescue have no plans to follow Rio Tinto in shutting down iron ore mines over end of year holiday period.
Company is said to have found out about the emails referring to a questionable $10.5m payment to a consultant over the Guinea project more than a year ago, not 'just' in August, as it claimed.
Beijing clampdown on speculation as Rio Tinto announces closure of Pilbara mine over Christmas.
Markets hate uncertainty and (because of all those terribly inaccurate polls) Trump’s victory injected a whack of precisely that. But his calm response, amazingly, calmed the markets.
Speculation is running and some of what is being said strikes at the heart of the culture and values of the company, chief executive officer Jean-Sébastien Jacques said in an internal memo.
Trump bump for iron ore price now 17% as frenzied trading continues.
Another surge on Thursday takes iron ore to two-year high, up 11% since the US election – Cliffs stock soars 21%.
Alan Davies suspended after miner found payments made to consultant in 2011, when he was in charge of the iron ore project.
Financing consisted of a loan of $50 million from Investissement Quebec along with $125 million for an 18% equity stake in TSMC through Ressources Quebec.
The company behind Minnesota's first copper-nickel mine is putting its shoulder to the wheel of a project that has been over a decade in the making.
"It would of obvious strategic benefit for China to control a major iron ore deposit and add new supply to discipline the market."
While output was down for most commodities it mines and sales, it has improved earnings forecast for its trading unit.
The move comes only a few days after it resumed operations at Collinsville mine in Australia's Queensland state.
If prices for the commodities it mines continue to pick up, the firm must cancel plans to sell some of its best assets.
Sirius Minerals’ York mine is expected to be one of the world’s largest in terms of the amount of resources extracted, generating an initial 10 million tonnes of polyhalite per year.
Kumba is pleased to announce the appointments of Ms Nonkululeko Dlamini (nee Veleti) and Mr Seamus French as non-executive directors to the Board, with effect from 1 November 2016.