June 7, 2021

Iron ore price down as Chinese imports fall

Chinese imports fell nearly 9% in May with further weakness expected in coming months, putting pressure on prices for the steelmaking material.

June 7, 2021

Aboriginal group disappointed by Rio Tinto board hire

Ben Wyatt is to be Rio Tinto's first Indigenous board member in a move to restore a reputation tarnished after last year's destruction of the Juukan Gorge rock shelters.

June 7, 2021

Avima launches arbitration against Congo Republic in iron ore dispute

Company is seeking $27 billion in damages after the government stripped its production license last year.

June 6, 2021

ArcelorMittal Canada reaches tentative deal with striking United Steelworkers

United Steelworkers are set to vote on ratifying a new four-year collective agreement with employer ArcelorMittal in the coming days.

June 4, 2021

Vale closes mines after evacuation order at Xingu dam area

Company has interrupted production at its Timbopeba mine and part of its Alegria mine after prosecutors ordered the evacuation of an area around the nearby Xingu dam.

June 4, 2021

Court order forces steelmaker CSN to upgrade dam safety in Minas Gerais

A judge ordered the company to work on the safety of the Fernandinho dam or pay a daily fine of $197,667.

June 4, 2021

Deep freezing iron-based materials expected to be part of superconducting devices of the future

US, UK and Germany-based researchers discovered that an iron-based superconductor exhibits both superconductivity and magnetism below -258°C.

June 3, 2021

Rio Tinto appoints Aboriginal Australian former minister to board

Company strives to rebuild its reputation following last year's destruction of the Juukan Gorge rockshelters.

June 3, 2021

Mining stocks in broad sell-off as copper, gold prices pull back

Iron ore's big three shielded from worst of corrrection as steelmaking ingredient holds above $200 a tonne.

June 3, 2021

Iron ore rises despite China’s moves to lower prices

Bank of America forecasts iron ore will average $172.2 a tonne this year; then $143.8 a tonne in 2022.