Iron Ore Mining News

There could be an iron throne in the Pyramid of Cheops

An Italian professor at the Politecnico di Milano says that there could be an iron throne right below the apex of the Pyramid of Cheops, located in Giza.

BHP second-quarter iron ore output up 3 pct, maintains forecast

BHP's iron ore output climbed to 72 million tonnes for the three months ended Dec. 31 versus 70 million tonnes a year ago.

Vale confirms talks with BHP over Samarco exit

During a meeting with investors and analysts in Sao Paulo, Vale’s investor relations director, André Figueiredo, said it seemed “natural” for his company to become the sole owner of the project.

Brazilian miner Vale ordered to repair environmental damage

Federal prosecutors announced ruling in a statement that said electricity transmission lines and a bauxite pipeline damaged soil and silted up rivers.

Rio Tinto 2017 iron ore exports up 1 percent, maintains 2018 guidance

On Tuesday Global miner Rio Tinto reported a 1 percent rise in iron ore shipments for 2017 to 330.1 million tonnes, meeting its guidance.

China imported a record amount of iron ore in 2017

Hunger for high-quality iron ore from Australia and Brazil pushed Chinese imports of the steelmaking ingredient to a record high in 2017.

How China is locking up critical resources in the US’s own backyard

China’s global resource grab, and the ramifications for the rest of the world, are on my radar screen. Are they on yours? If not, maybe they should be.

Planetary Resources a step closer to mining asteroids with spacecraft launch

Data obtained from the Arkyd-6 will be use in the development of the Arkyd-301, Planetary Resources next spacecraft platform and the beginning of its space resource exploration program.

Australia's Port Hedland clearing out ships as Cyclone Joyce intensifies

The terminal expects to clear all remaining vessels from its harbour as safety measure after tropical cyclone intensified off nation's western coast.

Mining profits are super-charged and BlackRock wants to get paid

“A lot of investors were really badly burned, ourselves included.”

Reform overdue to drive growth and protect Australia from future downturn

Minerals Council of Australia’s pre-Budget submission warns that every year Budget repair is delayed puts Australia closer to the risk of an economic shock.

Australia forecasts 20 pct iron ore price drop in 2018 as China demand eases

Australia expects iron ore prices to average $51.50 a tonne this year because of rising global supply and moderating demand from top importer China.

Australian minerals companies paying their fair share in tax — report

Aussie miners paid an effective tax rate of 51 per cent in 2015-16 in company tax and royalties – the second-highest tax ratio recorded since the survey began nine years ago.

Coal dwarfs battery metals in mining deals despite war on pollution

Coal and iron ore dominated mining takeovers in 2017, Thomson Reuters data shows, with buyers favoring the heavily polluting devil they know over the uncertainties of a battery-powered future.

CHARTS: Big mining's surge in value shames tech giants

The mining cycle turned two years ago – gains for the sector's largest companies have far outpaced stocks like Apple, Amazon, Google and Facebook since.

Mining investments in Peru grew by 54.8% in November

Investments grew by 54.8% compared to the same month of 2016.

China's steel futures fall as snow to curtail construction demand

Cold weather is expected to hit regions across China in the coming week, bringing snow and rain that may cause disruptions at construction sites, one of the biggest consumers of steel.

Vale is said to be negotiating BHP exit from Samarco venture

Vale and BHP Billiton in talks over future of their Samarco iron-ore joint venture, including the possibility of the Brazilian miner taking full ownership.

Russia's Mechel says has enough creditor support for restructure of $1bn loan

The company, which is controlled by businessman Igor Zyuzin and came close to bankruptcy last year, circulated the final draft of a restructuring proposal among its creditors.

Why Tata Steel wants to expand capacity at its iron ore mines

In about four years, Tata may need 13.6 million tonnes of iron ore annually.

China halts oil product exports to North Korea in November as sanctions bite

Beijing also imported no iron ore, coal or lead from North Korea in November.

Africa development body, funds see opportunity in mining infrastructure

Africa Finance Corporation has already expanded its debt or equity funding for resources projects from oil into mines, including bauxite scheme in Guinea.

BHP to fund $181m for more Samarco dam cleanup

BHP has agreed to fund a total of up to $181 m in financial support for the Renova Foundation and Samarco Mineração S.A. (Samarco) until 30 June 2018.

MINING.com's top news stories of the year

Copper and bitcoin.

Brazilian miner Vale says entering new era of big dividends

"Now is the era of the Vale dividends. Vale will become a big payer of dividends if everything goes well," CEO Fabio Schvartsman said on Friday.