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…

April 3, 2019

Iron ore thunders higher as mine dams closed, exports collapse

Futures topped $90 a tonne on Wednesday amid increasing concern the crisis at Brazil’s Vale SA will be drawn out as regulators ordered dozens of dams to be shut.

April 2, 2019

Auditor that signed off on burst Vale dam appoints new Brazil CEO

German auditing firm TÜV SÜD AG has appointed a former Petroleo Brasileiro SA executive to head up its Brazilian subsidiary.

April 2, 2019

Fortescue OKs $2.6B expansion of Iron Bridge magnetite project

The announcement follows the company's commitment to build the $1.3 billion Eliwana iron ore mine last year.

April 2, 2019

Iron ore prices shift structurally higher on Vale woes

Iron ore prices in China reached a record high on Tuesday as market participants wrestled two dilemmas, namely the weather-related disruptions from Australia and the safety outages in Brazil.