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.

November 2, 2018

China demand for Vale ore to keep price above $90/tonne in 2019 -CFO

What will define Chinese demand for iron ore is continued urbanization, infrastructure investments, auto production.

November 1, 2018

BHP to return $10.4 billion in buyback, special dividend bonanza

BHP had promised to return all of the net proceeds from the $10.8 billion sale of its U.S. shale business to shareholders when the deal was announced in July.

November 1, 2018

Capital-starved mining sector creates ‘buyer’s market’ for investors

Smaller mines and developers who previously found capital through retail investors in public markets are increasingly turning to specialist investors.

October 31, 2018

BHP announces $5.2B share buyback, keeps promise to return US Onshore asset sale proceeds

The world's biggest miner promised in July to return the $10.5 billion in sale proceeds to shareholders.

October 30, 2018

Japan’s JFE, Kobe Steel cut profit outlook on glitches, higher costs

JFE cuts crude steel output plan due to glitches, heavy rains.

October 30, 2018

China machine ‘working very well’ amid stimulus, Rio says

China is on track for an annual record and is supporting consumption of raw materials.