October 19, 2023 Taliban plans to formally join China’s Belt and Road Initiative Beijing has sought to develop its ties with the Taliban-run government since it took over in 2021, even though no other country has recognised the administration.
October 18, 2023 Brazil’s Batista brothers to invest $1 billion to boost iron ore mines J&F, the family holding, emerged as the surprise buyer of Vale’s iron ore and manganese mines in the central west state of Mato Grosso do Sul.
October 18, 2023 Rio Tinto aims to add more iron ore with stronger China outlook The producer will spend $70 million to lift production at Gudai-Darri, its newest mine in Western Australia’s Pilbara region.
October 17, 2023 Vale’s iron ore output falls as operations failure hits key mine The firm produced 86.2 million metric tons of iron ore between July and September.
October 17, 2023 Vale creates company to sell sand from iron ore tailings The company wants to reduce the disposal of such materials in dams or piles following major disasters.
October 17, 2023 Rio Tinto cuts Canadian iron ore guidance The Iron Ore Company of Canada, in which Rio has a 60% interest, is now expected to reach 9.3-9.8mt, down from the 10-11mt set in July.
October 17, 2023 Glencore to shut Mount Isa copper mines by 2025, cut 1,000 jobs – AFR Move will result in the loss of about 1,000 jobs, though it will keep its refinery and smelters open in North Queensland.
October 16, 2023 Rio Tinto’s Q3 iron ore shipments rise marginally on Gudai-Darri strength The company generates 70% of its profit through its iron ore operations.
October 16, 2023 Iron ore price rises as China stimulus lifts sentiment China's central bank ramped up liquidity support to the banking system by conducting medium-term lending facility operations.
October 13, 2023 Iron ore price struggles for direction as traders assess China demand Hopes of additional economic stimulus by Beijing helped limit losses.
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