Iron Ore Mining News

The true benefactor of President Trump’s “America’s Infrastructure First” initiative

Trump plans on investing several-hundred billions of dollars into rebuilding and repairing infrastructure across the US.

Iron ore price nudges $75

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.

Goldman bullish on commodities amid mining’s accelerating rally

Commodities are back in favour, boosting oil producers and miners after their annus horribilis of 2015.

About 500 iron ore jobs to go at Rio Tinto

The world's second largest miner said the job cuts at its Australian iron ore business are part of a restructuring of the division.

Rio to idle Hope Downs 4 over Christmas

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.

Canada’s Quebec launches online tool to help suppliers win up to $50bn in contracts

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.

CHART: Trump $500 billion will do very little for global mining

Even if the US president-elect's massive infrastructure build-out plan makes it through Congress intact.

Heads roll at Rio Tinto over Simandou probe — Davies, Valentine fired

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.

VIDEO: Eagles attack and take down drones at remote mining site in Australia

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.

Iron ore price stabilizes after sharp drop

BHP, Fortescue have no plans to follow Rio Tinto in shutting down iron ore mines over end of year holiday period.

Rio learnt about Simandou dubious payment over a year ago — report

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.

Iron ore price plummets 9%

Beijing clampdown on speculation as Rio Tinto announces closure of Pilbara mine over Christmas.

What happens now?

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.

Rio Tinto staff shaken to the core by bribery probe — CEO

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.

Iron ore price leaps to $80

Trump bump for iron ore price now 17% as frenzied trading continues.

Trump sends iron ore price to 2-year high

Another surge on Thursday takes iron ore to two-year high, up 11% since the US election – Cliffs stock soars 21%.

Rio Tinto energy and minerals chief suspended over Simandou bribery claims

Alan Davies suspended after miner found payments made to consultant in 2011, when he was in charge of the iron ore project.

Canada’s Quebec injects $130M into Tata Steel Quebec-Labrador 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.

First copper-nickel mine in Minnesota inches forward

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.

Rio's Simandou sale 'could crush the price of iron ore'

"It would of obvious strategic benefit for China to control a major iron ore deposit and add new supply to discipline the market."

Glencore did better as commodity trader than miner in Q3

While output was down for most commodities it mines and sales, it has improved earnings forecast for its trading unit.

Glencore to reopen yet another coal mine in Australia

The move comes only a few days after it resumed operations at Collinsville mine in Australia's Queensland state.

Vale may reconsider selling $10 billion in core assets — report

If prices for the commodities it mines continue to pick up, the firm must cancel plans to sell some of its best assets.

Aussie iron ore magnate Rinehart invests in UK's biggest potash mine

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.

Changes to the Kumba Board

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.