November 7, 2018

Anglo finds returns outweigh risks as it renews Africa focus

The storied miner is going where larger rivals fear to tread, returning to its African roots to tap mineral assets with compelling returns.

November 6, 2018

Workers to end strike at Shougang iron ore mine in Peru – union

Workers at Chinese company Shougang Group's iron ore mine in Peru will return to work on Wednesday.

November 6, 2018

China Minmetals signs 20m tonnes iron ore purchase agreement with Brazil’s Vale

The state-owned metals and mineral trading firm also signed a 2,400 tonne nickel briquette purchase agreement with Japan's Sumitomo Corp.

November 6, 2018

Australia’s Port Hedland iron ore shipments to China fall 12% in October

The October figure was also down 7 percent from the same month a year earlier, according to port figures.

November 6, 2018

China’s industrial heartland Shandong to overhaul energy intensive industries

As part of a new plan to overhaul energy intensive industries, Shandong province is planning to consolidate dozens of small refineries and build mega-petrochemical complexes.

November 6, 2018

European automakers BMW, Volvo to trial new LME steel contracts

Industry sources say automaker interest bodes well for the contracts, but new contracts usually take years to gain traction and a lack of interest from steelmakers could slow the process.

November 5, 2018

BHP suspends Western Australia rail operations after runaway train incident

BHP suspended all its iron ore rail operations on Monday after a train ran away at high speed for nearly 100 kilometres before being forcibly derailed.

November 4, 2018

Vale and Emirates Steel sign major deal

Emirates Steel requires inputs of around 6 million tonnes of iron ore pellets per year.

November 2, 2018

Nippon Steel first-half profit falls 4% on rising costs, slower output

Nippon Steel plans to step up crude steel production in the October-March period, predicting an output of 21.6 million tonnes for the six months, above 20.58 million tonnes a year…

November 2, 2018

Russian steelmaker MMK cautious after strong quarter, delays Turkey project

While MMK said it sees stable demand for steel products in its markets, it warns that global steel prices could put pressure on results.