April 24, 2018

Caterpillar results prove global economy in good shape

The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations.

April 24, 2018

Anglo delays Minas Rio restart until year-end, will lose about $400 million

The announcement is the last of a string of difficulties Anglo has faced with the iron ore mine, which was expected to produce 16 million tonnes this year, but that…

April 23, 2018

Australia’s Fortescue iron ore shipments, price fall in Q3

The iron ore producer reported a 2 percent fall in third-quarter iron ore shipments on reduced demand in China.

April 22, 2018

Mining firms from China to Canada watch as Greenland holds election

China already actively seeking opportunities.

April 18, 2018

BHP cuts 2018 iron ore forecast, cites rail car upload problems

The miner cut its fiscal 2018 production guidance to between 272-274 million tonnes of iron ore from 275-280 million tonnes.

April 18, 2018

Prosecutors, Samarco to ask more time for disaster’s compensation plan

They are seeking to obtain 30 more days to finish details of the plan.

April 17, 2018

Rio Tinto first-quarter shipments rise 4.7 pct

The Anglo-Australian miner maintained its guidance for this year of 330 million to 340 million tonnes.

April 17, 2018

Chinese iron ore off 10-mth low on March output data

The world's biggest steel maker last month churned out a total of 73.98 million tonnes of steel, up 4.5 percent from a year ago.

April 17, 2018

After setbacks, Anglo American counting on turnaround for Minas-Rio mine

Minas-Rio is Anglo American’s biggest development project, and its bet on the future of iron ore.

April 16, 2018

Anglo gives 30-day leave to workers at suspended Brazil iron ore mine

The company halted production and transport operations for 90 days at the Minas-Rio mine to comply with a request by authorities that it inspects a pipeline that has leaked twice.