February 17, 2022

BHP’s iron ore profits show why Beijing wants to talk the price down

If an average price of $130 a tonne is assumed for the first half of 2022, it implies that BHP is making $50 a tonne more than what Beijing might…

February 15, 2022

Fortescue Metals first-half profit drops 32% as costs weigh

The miner posted an underlying net profit of $2.78 billion, compared with $4.08 billion a year earlier.

February 15, 2022

Chart: Bulk commodities most affected by Russia-Ukraine conflict

Woodmac flags growing commodity supply chain inefficiencies as Russia-Ukraine geopolitical tensions simmer.

February 15, 2022

Iron ore price plummets 9% as China warns traders to avoid fake pricing

Several iron ore companies were reportedly called to a meeting with the economy’s top planning body in Beijing.

February 14, 2022

BHP first-half profits beat estimates and triggers talk of M&A

The world's no.1 miner had a busy six months marked by sweeping changes, including selling its $13 billion petroleum business and a listing unification, while managing pandemic-related disruptions to its…

February 14, 2022

Vale backs out of $1.2 billion bribery trial against Beny Steinmetz

The mining giant backed out after its lawyer told the High Court on Monday that its claim was brought out of time.

February 14, 2022

Iron ore price retreats as China seeks to cool rally

China's Dalian Commodity Exchange announced an increase in the transaction fee for iron ore futures contracts for February to May deliveries.

February 14, 2022

Rio Tinto seals heritage protection plan for iron ore project

The agreement with the Yinhawangka Aboriginal Corporation will ensure that significant social and cultural heritage values are protected.

February 13, 2022

Giant miners to see record profits slip as cost pressures bite

The top-five western diversified mining companies may see combined 2021 second-half earnings of $73 billion.

February 11, 2022

Iron ore price plunges after China regulators’ new warning

China Iron and Steel Association said some companies involved in iron ore businesses had "violated business ethic" by issuing and hyping fake information.