August 5, 2019

Iron ore futures down

Ore for September closed around 7.3% lower at $95.63 a tonne in Singapore. Benchmark spot material dropped to $99.50 a tonne on Monday.

August 5, 2019

Australia wants to streamline resource sector regulation

The Productivity Commission will look at best-practice examples of regulation that will remove unnecessary costs for mining companies.

August 4, 2019

Gabon’s new mining code to boost revenue, attract investment

The new code is intended to improve conditions for companies and increase revenue for the state.

August 4, 2019

Bacteria could be used to mine iron in space

University of Colorado scientists are investigating the possibility of biomining iron from lunar, Martian and asteroid regolith simulant

August 2, 2019

China iron ore falls most in 4 weeks amid Vale optimism, demand concerns

Worries about demand for steel products also weighed on iron ore.

August 2, 2019

South African miners to deliver tax windfall after metals rally

Royalty payments are estimated to climb 70%.

August 2, 2019

Sierra Leone cancels major mining licences

Tonkolili has challenged the decision in the country's high court.

August 1, 2019

Simandou tender likely to be opaque

Nominally transparent tender for iron ore concession raises eyebrows among miners.

August 1, 2019

Vale CEO hopes to wrap up global dam burst settlement by year-end

On Wednesday, Vale reported a $133 million quarterly loss, confounding analysts expectations of a $2.84 billion profit for the period.

August 1, 2019

Iron ore prices help Rio Tinto fork out $1bn dividend, despite Oyu Tolgoi setback

Despite being its best half-year earnings since 2014, net profit dropped by 6% to $4.13bn as it wrote down $800 million from its investment in the Mongolian mine.