Iron Ore Mining News

Iron ore reverts to supply-driven market after 2016 aberration: Russell

Iron ore's demand-driven price surge last year is increasingly looking like an aberration as supply factors once again start to weaken the price outlook.

Australia's Atlas defers new iron ore mine over price falls

Australia's Atlas Iron, which narrowly escaped collapse when iron or prices crashed in 2015, has deferred construction of a new mine, citing weak prices for the steelmaking commodity.

After rainforest victory for Brazil’s environmentalists, a mining battle looms

Brazil ministry wants to open border regions to foreign miners. Amazon-basin area about the size of Alaska could be affected.

Miners punished as iron ore price resumes decline

New Citigroup report predicts low $40s by end of the year, early 2018.

BHP Billiton announces new Chairman

The world’s largest mining company announced that Ken MacKenzie has been elected to succeed Jac Nasser

Cliffs picks site in Ohio for $700-million iron ore plant

Up to 130 jobs could be created in Ohio at a new iron ore processing facility to be operated by Cliffs Natural Resources (NYSE:CLF).

Korean consortium bids for Australian iron-ore giant Arrium

A consortium of companies including Korean steel juggernaut POSCO has made a bid for Arrium, a major Australian iron ore miner and steelmaker.

More than 1,500 workers fired at Sibanye’s Cooke mine over strike

Workers at the mine downed tools over a week ago, angered by the company’s actions to eradicate illegal miners from its operations.

South Africa just hiked black ownership rules, miners getting crushed

The country will require local miners to be 30% black-owned and has set a 12-month deadline for them to comply with the new rules.

U.S. company signs collective agreement to restart Wabush Mines

Miners at the closed-down Wabush Mines in Labrador could be back on the job thanks to the recent signing of a collective agreement with the union.

Rio Tinto’s Silvergrass iron ore mine to begin production by year-end

The $338 million-project will take annual mine capacity from 5 to 10 million tonnes.

Top 40 miners returned to profit in 2016: PwC

Is the bad and the ugly over and the good returning to the mining industry? PwC seems to think so.

Robot ghost ships to extend miner's technology drive to seas

World’s top miner BHP seeking partners for vessel automation

Anglo American appoints takeovers expert as new chairman

Stuart Chambers, 61 and former chairman of UK chip designer Arm, will join Anglo as a non-executive director in September, replacing Parker in November.

The hard-to-believe steel shortage that's unfolding in China

Fortescue’s Power says rebar prices have jumped after closures

Adani to go ahead with polemic Carmichael coal mine after all

Despite opposition from organizations ranging from the United Nations to green groups and locals, work on the multibillion-dollar mine is expected to begin by September.

BHP to grow potash business to size of iron ore — report

Timeline-wise, the world's largest miner expects to achieve that goal in about 50 years.

Billionaire Steinmetz recovers from setback in Simandou battle

Ex-executive takes stand after saying last week he wouldn’t

The iron ore price also rises

Up 2% on Friday as traders weigh impact of outage at BHP's largest iron ore mine in West Australia.

More iron ore coming Western Australia's way

The global glut in iron ore will not be helped by an investment by Rio Tinto to develop its Koodaideri iron ore deposit in Western Australia.

Fire halts production at BHP's largest iron ore mine

43m tonnes per year Mount Whaleback mine in the Pilbara produces the world's number three iron ore miner's highest grade ore.

Shipwreck casts shadow over fleet of Vale iron-ore carriers

A second vessel contracted to haul iron ore for Brazilian miner Vale SA was delayed for repairs following the loss of a similar ship that mysteriously sank en route to China leaving 22 people presumed dead.

Miners frozen out as South Africa readies empowerment rules

Mining companies in South Africa have been frozen out of consultation over regulatory changes that could dilute shareholders, raise costs and impose new levies to fund community development.

Iron ore plunge hurting miners — down to fresh 7-month low

Steelmaking material dropped to $57.02 a tonne, marking a fresh seven-month low, as large stockpiles continue to weigh on the market.

SLIDESHOW: The iron ore price wars 2002–2017

Iron ore's transformation from a relic of the industrial age to the driving force behind a commodity supercycle that reshaped the global economy.