Iron Ore Mining News

Iron ore price: Beijing bets $5B on stranded Pilbara deposits

China’s premier Li Keqiang and Australian PM Malcolm Turnbull sign port and railway deal opening up vast new iron ore resources.

Changes at Kumba Iron Ore board of directors

Along with other changes, Zarina Bassa has informed Kumba of her intention to step down as an independent non- executive director at the Company’s forthcoming AGM on 11 May 2017, after serving eight years.

The 5 biggest private funds investing in mining

Denver is the global capital of private capital raising for investment in the metals and mining sector.

Iron ore miners worst nightmare just came true — prices tank

Prices for the raw material have dropped below $90 a tonne as doubts gather about the strength of demand in China at stockpiles hit record highs.

A core holding keeps getting better

Fund manager Adrian Day reviews one of his favorite resource companies and updates a few others.

$5.5 billion private capital ready to invest in mining

"Investors are willing to back their positive sentiment towards natural resources with fresh capital commitments," says new study.

North Korea admits six died in iron ore mine accident

Seven miners were initially trapped after the Jan. 9 incident at the Unryul iron ore mine, but only one survived.

Caterpillar hires former US Attorney General for help with probe

William P. Barr will help Caterpillar face a federal investigation related to profits earned by CSARL, its Swiss parts subsidiary.

Exploration spending in Australia finally on its way up

A 3.4% increase in the December quarter seems to indicate that the downward trend of the past five years has been finally reversed.

America’s infrastructure shortfall could be an investor’s best friend

Every four years, the American Society of Civil Engineers (ASCE) releases its report card on the condition of America’s infrastructure, and for the second time since 2013, our nation’s roads, bridges, waterways, airports and more scored a barely-passing D+.

Indian billionaire Agarwal goes after 12% of Anglo American

Deal would make of Volcan Investments Ltd., Agarwal's family trust, the second-largest investor in Anglo American.

China bulls kick iron ore price back above $90

Rapid growth for Chinese industrial output and fixed investment push steel to highest since 2014 – iron ore price spikes 4.2%

Anglo American building resilience through partnership

Anglo American today published its 16th annual Sustainability Report, entitled ‘Delivering Change, Building Resilience, Working in Partnership’.

The 20 best mining schools in the world

The rankings are based on data for academic reputation, employer reputation, research citations per paper and research impact.

Rio Tinto chairman Jan du Plessis steps down, set to lead BT

He joins a growing list of chairmen who are leaving some of the world's' top mining companies, including BHP Billiton and Anglo American.

PDAC 2017 Convention exceeds expectations

Over 24,000 people attended this year's Prospectors & Developers Association of Canada’s Convention — a strong indication that confidence has returned to the mineral exploration and mining industry.

Surging China iron ore imports can't stem price decline

Chinese customs data released today show double digit gains for iron ore imports from record breaking 2016, but iron ore price is down 7% in three days.

Iron ore price drops to 1-month low, coking coal rebounds

Iron ore stockpiles at Chinese ports reach record high, but Beijing steel and coal capacity cuts should lend support to high-grade imports, met coal prices.

Canada's Gov't gives mining explorers a full extra year of tax credit

The 15% Mineral Exploration Tax Credit, which was slated to expire at the end of this month, has been extended until March 31, 2018.

Indian iron ore shipments up 169%

The amount of iron ore handled by India's ports has more than doubled in the period between April 2016 and January 2017.

Mining industry leaders meet again at PDAC 2017

For the second consecutive year, PDAC will host the International Mines Ministers Summit (IMMS) with 25 countries attending to it.

Rio Tinto defers former CEO Walsh bonus over Guinea scandal

Sam Walsh's bonuses, potentially worth millions, had been delayed for at least two years as investigations continue into dubious payments related to Simandou iron ore project in Africa.

CAT shares hammered as feds search offices

Federal officials executed a search warrant at three of Caterpillar facilities, including the corporate headquarters in Peoria.

Human activity creates 208 new mineral species

Study shows mining has sparked "unparalleled inorganic compound diversification" like rabbittite at Lucky Strike, Utah and a handful found on smelter walls

BC Iron tries its luck in the potash industry

Joint venture with Kalium Lakes has added the Carnegie potash project in Western Australia to the company’s increasingly diverse project portfolio.