July 29, 2021

Iron ore price down on China’s forecasted steel output decline

"One thing is clear, China’s crude steel production in H2 will decline compared to both H1 this year and H2 last year," said CRU Group.

July 29, 2021

China demand powers Fortescue shipments to record, beats annual estimate

Fortescue shipped 49.3 million tonnes of ore in the quarter ended June 30, compared with 47.3 million tonnes a year ago.

July 29, 2021

Vale revises down year-end iron ore output

The company revised down its guidance for year-end iron ore production capacity to 343 million tonnes per annum from 350 million tonnes previously.

July 29, 2021

ArcelorMittal quarterly earnings highest in 13 years on strong steel demand

The company said it would start a $2.2 billion buyback programme to be completed by the end of 2021.

July 29, 2021

Anglo American half-year profit best in its 104-year history

The diversified miner reported pre-tax profits of $10.1 billion for the six months to June, more than double what it made in 2020 as a whole.

July 28, 2021

Vale’s second-quarter buoyed by iron ore prices, hit by provisions

Vale reported a Q2 net income of $7.586 billion, up over 600% from the same period a year ago, but slightly below the Refinitiv consensus estimate of $7.67 billion.

July 28, 2021

Rio Tinto pays $9.1 billion dividend as profit hits record

Rio Tinto is the first of the majors to post earnings, kicking off a reporting season that’s expected to see record results across the board.

July 28, 2021

Ex Rio Tinto chief Walsh joins Aboriginal group’s board

Appointment comes after a particularly fraught period in relations between traditional land owners and Australia's powerful mining companies.

July 27, 2021

Kumba Iron Ore hikes interim dividend after earnings jump

Johannesburg-listed Kumba reported a jump in diluted headline earnings per share of 178% for the six months ended on June 30.

July 27, 2021

CEO of Aboriginal group whose rock shelters Rio Tinto destroyed steps down

Carol Meredith will leave the role in September to spend more time with family overseas and the search for a new chief executive is underway.