December 19, 2018

Five themes to watch for European miners after humbling year

It all started so well in 2018.

December 19, 2018

EU extends probe into steel imports to Feb. 1 due to complexity

The "safeguard" system is provisional pending the conclusion of the Commission's investigation.

December 19, 2018

Rio Tinto, China Baowu in talks to extend Pilbara iron ore JV

The miner and one of the world's top steelmakers, have agreed to negotiate a possible extension to their iron-ore joint venture in Australia.

December 18, 2018

Australia federal court narrows BHP’s suits over Samarco disaster

BHP said it expected to record a charge of $650 million in its fiscal 2018 results on account of the failure but the charge was at the lower end of…

December 18, 2018

Nigeria’s first gold refinery plans to triple capacity in five years

Most ore will be sourced locally from various locations including the northwestern states of Zamfara, Kebbi and Kaduna, as well as the central states of Kwara and Niger.

December 17, 2018

China’s HBIS to invest in $4.4B steel project in Philippines

The Philippine Iron and Steel Project will be the country's first integrated steel complex and represents the biggest industrial investment from China.

December 12, 2018

Vale buys innovator New Steel for $500m

Vale has focused on sales of better quality iron ore, mostly from its S11D project in Pará state, as demand for the cleaner and less polluting product rises in China,…

December 11, 2018

UAE’s Emirates Steel refinances $650 million of debt with new loan, sukuk – sources

The company hired BNP Paribas to coordinate a $400 million sharia-compliant loan financing.

December 11, 2018

ArcelorMittal urges extended, reformed EU caps on steel imports

It is "absolutely critical" that Europe protect itself with measures to restrict imports of steel and remedy weaknesses in its existing system.

December 11, 2018

Anglo ending 2018 on high note, predicts higher output, lower costs

The diversified miner anticipates 2018 production to be 2% ahead of previous guidance and costs to be 5% below.