January 25, 2022

Iron ore price jumps as Fortescue, BHP and Rio Tinto face labour shortage

Mining stocks slid, with Fortescue down more than 4% from the previous week

January 25, 2022

UK local govt pension scheme “dismayed” at lack of action over Brazil dam collapses

Vale said last week it expected to spend $1.64 billion in 2022 on reparations related to the Brumadinho dam burst.

January 24, 2022

2022 – a year of rebalancing for metals and mining

“The most likely outcome is an environment where commodity prices can settle from the extraordinary highs of 2021. But there are plenty of risks to this outlook," says Wood Mackenzie.

January 24, 2022

Fortescue reports rise in shipments but flags labour shortage

The world's fourth-largest iron ore miner said it shipped 47.5mt of the steel-making commodity in the December quarter.

January 23, 2022

Fortescue to buy Williams Advanced Engineering for $222m

Fortescue Future Industries and WAE will work together to decarbonise Fortescue.

January 21, 2022

Vale expects to pay $1.65 billion in Brumadinho reparations in 2022

The amount does not include the figure the company will spend on individual compensations, which are being negotiated.

January 21, 2022

Iron ore price posts third weekly gain on strong demand hopes

"There is strong anticipation that steel production will resume in the medium term," SinoSteel Futures analysts said.

January 21, 2022

Commodities to veer between China hopes, pandemic fears

If 2021 was a year of volatility and uneven performances for commodities, then 2022 is shaping up as a rinse and repeat as uncertainty over the pandemic recovery remains the…

January 21, 2022

Fortescue warns shut Western Australia borders may worsen labour shortage

The country's largest state, home to the resource-rich Pilbara region, cancelled plans to reopen its borders on Feb. 5 due to health risks from the Omicron coronavirus variant.

January 20, 2022

Steelmaker CEO warns North America market a ‘falling knife’

The grim view for 2022 follows a stellar year for the industry, with the largest US steelmakers expected to post record full-year earnings.