August 3, 2022

Iron ore price falls as property crisis threatens to drag down steel industry

Almost a third of China’s steel mills could go into bankruptcy in a squeeze that’s likely to last five years, said the chairman of Hebei Jingye Steel Group.

August 3, 2022

Ferrexpo’s half-year profit tumbles on higher costs

The Ukraine-focussed miner saw a hit from higher costs and lower production volumes as it grappled with inflationary woes and energy prices.

August 3, 2022

Baffinland to terminate 1,100 workers at Mary River iron ore mine

The miner is preparing for two rounds of layoffs to take effect on Sept. 25 and Oct. 11, if it doesn't obtain a permit to continue extracting 6 million tonnes…

August 2, 2022

Ancient rocks reveal how earth avoided Mars-like fate

The development of earth’s solid inner core had everything to do with the rejuvenation of the swirling liquid iron in the planet’s outer core, which generates its protective magnetic field,…

July 29, 2022

Vale says stricter licensing requirements cause project delays

Vale cited slower regulatory approvals in reducing its 2022 iron ore production outlook.

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.