October 27, 2023

Vale CEO says he has never been so optimistic about the company’s future

Vale on Thursday reported a third quarter net profit decline but still landed above market forecasts.

October 27, 2023

BHP Australia iron ore rail workers approve industrial action plans

The work stoppages could impact its operations at the world's largest iron ore export hub at Port Hedland.

October 27, 2023

Rinehart buys 18% stake in Azure Minerals to block SQM takeover

Hancock Prospecting's stake in Azure is just short of the 20% level that would require a mandatory buyout offer.

October 26, 2023

Vale’s third-quarter profit slips but beats expectations

The company reported a 36% year-on-year decline in third-quarter net profit, landing above analyst estimates.

October 26, 2023

Vale to pay out $2 billion to shareholders, launch buyback program

The company will pay 2.33 reais per common share in dividends and interest on capital on Dec. 1.

October 26, 2023

Champion Iron shares rise on Bloom Lake expansion

The company reported a 21% increase in production in Q2, compared with the same quarter last year.

October 25, 2023

Fortescue’s quarterly iron ore shipments fall 3% on maintenance

The world's fourth-largest iron ore miner shipped 45.9 million tonnes of iron ore for the quarter ended Sept. 30.

October 24, 2023

Nigeria seeks to tighten rules to curb raw mineral exports

The country has lithium, gold, bitumen and iron ore deposits and is intent on emulating nations such as Indonesia in climbing up the commodities value chain.

October 24, 2023

In Australia’s outback, Rio Tinto prepares for a low carbon future

Rio's newest mine, Gudai-darri, is on track to hit record production, while it halves carbon emissions by 2030.

October 20, 2023

Challenge for world’s biggest robot trains is going electric

Rio Tinto is preparing for trials of battery-powered locomotives in Australia.