July 29, 2022

Miners’ profits face an unusual foe: extreme weather

It is an unusual situation for companies that have experience operating anywhere in the world.

July 29, 2022

Iron ore price retreats as China’s zero-covid policy clouds demand

Investors had been optimistic more aid was on its way to revive construction projects but none was forthcoming during a key Politburo meeting. 

July 29, 2022

Brazil’s Usiminas Q2 net profit falls 77% after forex losses

In the mining division, second-quarter iron ore sales rose 16% from a year ago.

July 28, 2022

Vale earnings disappoint as miners grapple with stagflation

Adjusted earnings before items came in at $5.25 billion in the second quarter, the Rio de Janeiro-based company reported Thursday.

July 28, 2022

Iron ore price hits 4-week high boosted by rebounding steel margins in China

Twelve blast furnaces in China have resumed operations as margins improved, Chinese metals information provider SMM reported.

July 28, 2022

Column: China in risky bet to test its power in iron ore markets

Even if China does set up an effective and efficient centralized buying system for iron ore, it's unlikely to shift market dynamics much, writes Clyde Russell.

July 28, 2022

If Brazil legalizes more Amazon mining, it would drive deforestation, study says

Building new roads to reach mines would allow illegal loggers, land grabbers and ranchers easier access to relatively untouched parts of the forest, study says.

July 28, 2022

Anglo American cuts dividend as inflation, extreme weather erode earnings

Anglo joined rival miners, including Rio Tinto and Freeport-McMoRan, in reporting lower profits.

July 28, 2022

ArcelorMittal to buy Brazil steelmaker CSP for $2.2 billion

With the deal, the world's second-largest steelmaker is adding an installed capacity of 3 million tonnes a year of steel slabs.

July 28, 2022

Rio Tinto inks deal to unlock huge Simandou iron ore project

The miner has formed a JV with the Guinea government and Winning Consortium Simandou to develop infrastructure, including a railway and port.