Anglo American takes fresh $1.6bn writedown on UK fertilizer mineCharge weighed on the miner’s swinging to a loss and it comes amid a company overhaul that involves shedding four of its units.Cecilia Jamasmie | July 25, 2024 | 3:46 am
Fortescue to step up energy spending despite job cuts"We see a massive potential in green iron industry out…Reuters | July 24, 2024 | 5:10 pm
Vale to develop low-carbon mega hubs in Brazil, US, and Middle East within a yearThree projects were already announced for Oman, Saudi Arabia, and…Staff Writer | July 24, 2024 | 8:45 am
Earth’s largest iron ore deposits are a billion years younger than believed, research reveals Researchers found the Hamersley deposits in Western Australia formed between 1.4 and 1.1 billion years ago, rather than 2.2 billion years ago as previously estimated. Staff Writer | July 22, 2024 | 3:58 pm
Anglo American to sell two assets to Taurus Funds for up to $195 million Anglo plans to divest less profitable assets and focus on expanding copper output. Reuters | July 22, 2024 | 7:01 am
Nippon Steel hires Mike Pompeo to advise on US Steel deal Nippon Steel also faces objections from the powerful United Steelworkers (USW) union, which fears the deal could lead to job losses. Reuters | July 20, 2024 | 7:57 pm
Will Guinea’s Simandou iron ore mine be the ‘Pilbara killer’? Simandou, one of the world’s most significant iron ore developments, is set to challenge the Pilbara’s dominance soon. James Cooper | July 19, 2024 | 12:15 pm
ArcelorMittal says dissident workers still protesting in Mexican plant ArcelorMittal announced on Thursday the end ofthe blockade at its facilities in the southern state of Michoacan. Reuters | July 19, 2024 | 9:25 am
Column: China’s commodity import trend driven by prices, not economy China's imports of major commodities are often viewed through the prism of the performance of, and outlook for, the world's second-biggest economy. Reuters | July 18, 2024 | 2:05 pm
Anglo’s sale of De Beers hindered by diamond market state Anglo American has warned of more production cuts at De Beers due to reduced spending by Chinese consumers prolonging the market downturn. Cecilia Jamasmie | July 18, 2024 | 4:33 am
Iron ore majors ramp up supply even as China faces challenges Iron ore is one of the year’s worst performing major commodities, slumping by almost a quarter as China’s property crisis drags on. Bloomberg News | July 17, 2024 | 10:31 am
Iron ore price slumps to 3-week low on weak China demand, strong global supply Property investment in China fell 10.1% in the first half of 2024 from a year earlier. Reuters | July 17, 2024 | 7:31 am