February 23, 2021

Kumba Iron Ore pays out cash and invests in Sishen mine after strong profits

Company reported a 40% jump in annual profit, driven by a surge in prices of the steel-making raw material and a weaker rand exchange rate.

February 23, 2021

Former Australian PM Turnbull joins Fortescue’s green unit

Malcolm Turnbull, who served as prime minister from 2015 to 2018, will head Fortescue Future Industries starting this month.

February 23, 2021

Supercharged commodity boom: Definitely. Supercycle? Not exactly

Underlying dynamics suggest it isn’t going to be a repeat of the epic China-led boom at the start of this century.

February 23, 2021

Brazil BNDES sells stake in Vale for $2 billion

The bank has closed out its stake in the iron ore miner, selling 188.5 million shares and raising about $2 billion.

February 22, 2021

Iron ore output returns to growth after shrinking for five years – report

Global iron ore production growth will accelerate in the coming years, bringing an end to the stagnation that has persisted since 2015, Fitch says.

February 22, 2021

Iron ore price bounces back on strong demand and shipment doubts

High rain volumes at major ports will continue to represent a challenge for Brazilian players during 1Q.

February 22, 2021

Rio Tinto’s former boss gets huge payout despite caves blast

Jean-Sébastien Jacques received $18.6 million in pay and long-term incentive rewards last year, compared to $9.9 million in 2019.

February 19, 2021

MINING.COM MINUTE: Biggest stories of the week

Copper price keeps soaring as bullish sentiment prevails; Iron ore price retreats on higher steel inventories in China; Gold price dealt ‘fatal blow’ by bond yield rally

February 19, 2021

Iron ore price retreats on higher steel inventories in China

Iron ore prices fell on Friday after hitting their highest level since September 2011, as a survey of inventories of steel products in China showed a significant increase.

February 19, 2021

Vale creates sustainability division

The division will be headed by Maria Luiza de Oliveira Pinto e Paiva, who until this month has been head of sustainability at Brazilian pulpmaker Suzano SA.