Iron ore price hits fresh 9-and-half year high

Company estimates that only in 9 years it should reach a production scale between 22-24 million tonnes of iron ore per year, the same level as before the failure of the Fundão dam.

The total volume dispatched to global destinations from Australia and Brazil was 29.7 million tonnes from December 21-27.

A China-led economic recovery should boost demand for copper, iron ore and gold in 2021 after covid-19 roiled global markets in 2020.

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Shares of the country’s oldest steel mill have climbed more than 70% since Oct. 1, clocking its best performance in more than 11 years.

A joint session of the traditional owners of the land and the company boards had been held to reaffirm the miner's apology.

Iron ore pellets production started Wednesday, with 7-8 million tonnes expected annually.

Prices for iron ore have more than doubled in 2020, putting the steelmaking raw material on track to be the top-performing major commodity for a second straight year.

The Congolese government revoked its permit for the Nabeba project.