April 9, 2019

Vale says BSG ordered to pay it $1.25B

The joint venture intended to explore for iron assets at the Simandou prospect, but the concession was revoked in 2014 by Guinea's government.

April 9, 2019

Rio Tinto says fire damages Pilbara iron ore operation

The company does not say whether this would impact shipping of the mineral.

April 9, 2019

Squeeze from Brazilian iron ore disasters a boon for $1.5B magnetite pellet project

The Brazilian mine dam collapses and resultant forced shutdown of some of that country’s iron ore mines had caused a major seaborne supply squeeze across all of the commodity’s types.

April 8, 2019

Vale opens talks on compensation for dam disaster victims

Vale SA has opened negotiations with prosecutors and families of victims of the deadly January dam disaster.

April 8, 2019

As Goldman backs off, Citi says chase iron ore rally to $100

Iron ore’s poised to hit $100 a ton, according to Citigroup, which highlighted “very, very low” seaborne cargoes just as data from China may show a pick-up in demand.

April 8, 2019

A million tonnes of copper is on the way: it may not be enough

Giant mines currently under construction will churn out an additional one million tonnes of copper through 2023, but that won’t be enough.

April 8, 2019

Vale minority shareholders push for board, voting changes

A group of minority shareholders in Vale SA has proposed an alternative board member and to change the board election to a cumulative voting system.

April 5, 2019

$6 billion private capital ready to invest in mining

Fundraising by unlisted funds for investment in natural resource reached a record $93 billion last year.

April 5, 2019

Investors with $10 trillion in assets pressure miners over tailings safety

The move is aimed at providing a tool for institutional investors to assess the risk from their holdings in mining companies.

April 3, 2019

World’s largest iron ore port expects higher exports post Vale

With a market facing a global deficit, the world’s biggest iron ore export port is flagging a timely boost in shipments as Fortescue and rivals bring on new mines in…