June 22, 2022

Iron ore price lowest since December on worries of oversupply of steel in China

Renewed covid restrictions dampening overall domestic demand.

June 21, 2022

Rio Tinto opens Gudai-Darri, its most technologically advanced mine in Pilbara  

Its Rio's first greenfield mine in the Pilbara in more than a decade and a multi-billion-dollar investment.

June 21, 2022

Vale to spend $400 million in 2022 to remove tailings dams

The dam elimination program has already cost the company $857 million of the $4 billion it projects to spend by 2035.

June 21, 2022

Over-optimism among China steelmakers behind iron ore’s price plunge

Iron ore lost almost a quarter of its value in a dizzying eight-day plunge through Monday.

June 21, 2022

BHP, Vale reject Brazil steelmaker CSN’s interest, say miner Samarco is not for sale

Brazilian steelmaker CSN hired restructuring firm RK Partners to draft a proposal to buy control of Samarco.

June 21, 2022

Martian moon could be crucial for asteroid mining

Researchers at the Harvard-Smithsonian Center for Astrophysics have shown that mining the Main Belt of asteroids that orbit between Mars and Jupiter could be done profitably.

June 20, 2022

Brazil steelmaker CSN drafting bid for miner Samarco

An agreement may not be easy, according to Reuters sources, due to Samarco's liabilities related to its 2015 disaster in the city of Mariana.

June 20, 2022

Iron ore price sinks amid growing pessimism over demand outlook in China

A raft of supportive policy measures from Beijing over the last couple of months have failed to result in persistent price gains.

June 20, 2022

Column: Iron ore suffers short-term demand woes, longer-term China threat

The outlook for spot iron ore prices for the rest of the year largely rests on how successful China is at containing covid-19, writes Clyde Russell.

June 20, 2022

Top three Aussie miners to shed $11bn in market value as commodity rout accelerates

BHP and Rio Tinto are trading at a one-month low, while Fortescue is at a three-month low.