Iron ore price tumbles as China’s demand outlook darkensChinese mills have idled dozens of blast furnaces as stocks piled up after domestic demand weakened, hit by covid-19 restrictions and bad weather.MINING.COM Staff Writer | July 4, 2022 | 11:34 am
Guinea halts Simandou iron ore project againMines minister said Rio Tinto's subsidiary Simfer and China-backed consortium…Cecilia Jamasmie | July 4, 2022 | 3:58 am
Iron ore price tumbles as recession fears fuel commodities selloff"It's not just China where steel output is under pressure,"…Reuters | July 1, 2022 | 2:44 pm
Top three Aussie miners to shed $11bn in market value as commodity rout accelerates BHP and Rio Tinto are trading at a one-month low, while Fortescue is at a three-month low. Reuters | June 20, 2022 | 3:43 am
Guinea gives Simandou iron ore mine developers 14-day deadline Guinea has grown increasingly impatient with the companies that control the giant Simandou deposit. Reuters | June 19, 2022 | 10:18 am
Iron ore price hits six-month low on plunging China steel margins Chinese steel mills are opting to reduce output amid weak profits and deteriorating demand prospects. MINING.COM Staff Writer | June 17, 2022 | 7:59 am
Mexico union strikes at ArcelorMittal plant over profit sharing Union said the company was refusing to share 10% of profits from the 2021 fiscal year among over 3,500 direct employees. Reuters | June 16, 2022 | 7:34 am
Ukraine steelmaker says Russia is taking metal from Mariupol The alleged thefts would fit a pattern of Russia targeting commodity hubs that provided Ukraine with vital export revenues. Bloomberg News | June 15, 2022 | 11:22 am
Fortescue teams up with Liebherr for green-haul trucks Miner will buy 120 green-haul trucks, replacing about 45% of its current fleet as it pushes towards decarbonizing its operations. Reuters | June 15, 2022 | 7:30 am
Rio Tinto starts iron ore deliveries from Gudai-Darri mine The capital cost of the mine, which is expected to have a life of over 40 years, is estimated to be $3.1 billion. Reuters | June 14, 2022 | 4:46 pm
Iron ore price down ahead of China’s central bank rate announcement Market focus has turned to the People's Bank of China, which could cut the rate on its medium-term lending facility on Wednesday. MINING.COM Staff Writer | June 14, 2022 | 8:50 am
Samarco, creditors to discuss restructuring proposals on June 21 Creditors rejected the company's last proposal on April 18 and filed an alternative plan a month later. Reuters | June 14, 2022 | 7:17 am