January 9, 2019

Goldman warns iron ore’s jump into $70s`is not sustainable’

While industry fundamentals have improved, current prices won’t last as more supply is on the way. The bank expects a decline to $60 in six months.

January 7, 2019

Nucor to set up plate mill in U.S. Midwest for $1.35B

Nucor is benefiting from higher steel prices for domestic producers due to tariffs imposed on imports by the Trump administration last year.

January 4, 2019

China iron ore futures hit over 2-month peak on restocking hopes

Chinese steel futures rose on Friday buoyed by expectations that steel mills would replenish their stocks of the raw material.

January 3, 2019

Anglo American management shake-up sees Brazil-based CEO replaced

Ruben Fernandes, who has led the company’s iron ore and nickel interests in the South American country for almost three years, will become CEO of Base Metals effective March 1.

January 2, 2019

Rio plans to delay ex-CEO’s bonus again amid Guinea probe

Rio said it would postpone any short- and long-term incentives owed to Sam Walsh for a minimum of two years. Rio is now planning to extend that time period.

December 31, 2018

Commodities cap another dismal year as ’19 offers tough test

Raw materials have lost ground amid a flurry of signs the pace of expansion will slow next year.

December 28, 2018

India in talks with US over steel tariff exemption – govt official

"We need to look after the interests of the domestic steel industry"

December 28, 2018

Board of Brazil’s Vale gives CEO Schvartsman another term

Schvartsman, appointed CEO in March 2017 to replace Murilo Ferreira, had been set to end his term in May.

December 27, 2018

Rio Tinto says no job cuts in 2019 due to driverless train project

The $940 million rail project, AutoHaul, is focused on driverless train movement to transport ore and has been in development since 2012.

December 27, 2018

Human activity creates 208 new mineral species

Study shows mining has sparked "unparalleled inorganic compound diversification" like rabbittite at Lucky Strike, Utah and a handful found on smelter walls