August 22, 2017

Iron ore nears $80 a tonne

Prices for the steelmaking material have increased almost 50% since its 2017 lows.

August 21, 2017

BHP exiting oil and gas

After posting a fourfold rise in profits, world's number one mining company now "actively pursuing options to exit" its US oil and gas business bought for $20B six years ago.

August 21, 2017

Miner Fortescue returns record dividend as profit leaps

World number 4 iron ore miner Fortescue Metals Group said on Monday it will pay a record-high final dividend after more than doubling its annual profit, and plans to give…

August 21, 2017

Iron ore price jumps again – up 47% in two months

Another big day on Chinese futures markets as seaborne iron ore prices approach $80 a tonne.

August 21, 2017

Chile rejects divisive $2.5 billion Dominga copper-iron ore project

A committee of six ministers pointed to numerous flaws with the project, including severe impact to a Humboldt penguin reserve.

August 18, 2017

Changes to Brazil mining law to bring mostly higher taxes, costs — experts

Experts and mining companies fear some of the modifications that go in effect in November, will result in hefty taxes, higher research costs and decrease interest from foreign investors.

August 17, 2017

Iron ore joins base metals price rally

Jumps 5.6%.

August 16, 2017

Mining in Australia is looking better

There are several encouraging signs for the mining outlook in Australia.

August 15, 2017

Police detain central figure in mining’s largest corruption scandal

Israeli diamond billionaire Beny Steinmetz, four others, in custody of Israeli police on suspicion of fraud, forgery, obstruction of justice and bribery.

August 15, 2017

ArcelorMittal South Africa considers job cuts, restructuring

ArcelorMittal South Africa is considering job cuts and restructuring to save costs in a challenging global steel market and recession at home, it said on Tuesday.