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.

July 27, 2022

Fortescue raises annual shipments forecast amid inflation pain

The world's fourth-largest iron ore miner said it shipped 49.5Mt of the steel-making ingredient in the quarter ended June 30.

July 27, 2022

Rio Tinto says Simandou deal close after wrangles over railway

Rio Tinto said it’s close to a breakthrough in a landmark deal to unlock the world’s biggest untapped iron ore mine.

July 27, 2022

China’s hunger for commodities is wavering after years of growth

China’s imports of key commodities face some mighty headwinds in the second half.

July 27, 2022

Rio Tinto slashes dividend as profits take a hit; shares tumble

Rio Tinto reported a 29% drop in first-half profit and more than halved its dividend on Wednesday.

July 26, 2022

Goldman warns China’s property crisis will sink iron ore price

Goldman cut its three and six-month price targets to $70 and $85 a tonne, respectively, from $90 and $110 a tonne.

July 26, 2022

Rio Tinto, Fortescue record profits near end on price view, dim demand

A persistent downward trend in iron-ore prices is expected to weigh significantly on the earnings of top Australian miners.