July 28, 2023

Iron ore price falls as China’s Yunnan province orders steel output curbs

Steel mills have been asked to prepare to cut back production to meet a government mandate on capping 2023 output at last year's level.

July 27, 2023

Vale posts profit slump, hit by price drop

Vale posted net income of $892 million, while analysts polled by Refinitiv had forecast a profit of $2.21 billion.

July 26, 2023

Fortescue sees annual iron ore shipments rising

The world's fourth-largest iron ore miner expects to ship between 192 million metric tonnes (Mt) and 197 Mt of the steel-making commodity in the year.

July 26, 2023

Iron ore price looks set for a tumble as major stimulus hopes fade

Chinese consumer confidence has been decimated by years of virus lockdowns and delays on new-build properties.

July 26, 2023

Rio Tinto to miss 2025 emissions cuts targets

The world’s second largest miner won’t be able to achieve a targeted 15% carbon emissions reduction by 2025, unless it uses carbon offsets.

July 26, 2023

Rio Tinto profit misses on iron ore price slump, cuts dividend

The miner declared an interim dividend of $1.77 per share, below last year's $2.67.

July 25, 2023

Iron ore profits to drop by a third as miners eye China demand

The world’s biggest iron ore producer is expected report its lowest half year earnings and dividend in three years on Wednesday.

July 25, 2023

Iron ore price rises on China stimulus pledge

A meeting of China’s top decision-making body flagged more help for commodities.

July 25, 2023

Kumba Iron Ore builds up stockpiles as rail woes worsen

Kumba's profit in the six months through June declined 17% due to the rail challenges and softer prices.

July 21, 2023

CHARTS: Value of world’s 50 biggest mining companies slump $356bn from post-pandemic peak  

MINING.COM’s ranking of world’s biggest miners welcomes the first Indonesian company to the top tier and Perth as the city hosting the greatest number on the list.