May 26, 2017

Iron ore crashes again to below $58 a tonne

Ore with 62% content in Qingdao lost $2.33 a tonne to close at $57.91, data from the Metal Bulletin shows, hitting a seven-month low and marking the commodity third consecutive…

May 25, 2017

Swedish miner begins massive relocation of whole city

While some residents of Kiruna have moved already, the first of the town’s historic buildings has just been hoisted up on a truck and transported to its new location.

May 24, 2017

Iron ore price drops to 7-month low

Chinese stockpiles at new record high and sovereign debt downgrade worry investors.

May 24, 2017

Power plan to bridge gap between farmers and miners

Remote mining projects in farming areas could soon access baseload electricity from biomass plants powered by straw.

May 24, 2017

CEO sees little chance of Samarco restart in 2017

30m tonnes per year operation jointly owned by BHP and Vale shuttered since November 2015 following dam burst.

May 23, 2017

Blow to iron ore price as Chinese steelmakers opt for scrap

Chinese furnaces make the most of slump in domestic prices to double scrap charge rates which could displace as much as 70 million tonnes of iron ore.

May 22, 2017

Rio Tinto launches new debt reduction programme

The company said that today’s announcement is part of its ongoing capital management plan.

May 19, 2017

BSGR may have to pay $1.2bn for no show at Simandou-related hearing

The company, which could lose the arbitration as a result, will have to pay the amount to former partner Vale.

May 18, 2017

Rio Tinto says it wants to help Australian small businesses

The change will apply to more than 5,500 Australian suppliers under $1 million of expenditure.

May 18, 2017

China’s building a mega city from scratch – it’s going to suck in lots of steel, copper

Forget One Belt, One Road, the impact of Xiongan New Area on copper, iron ore and aluminum prices will be felt much earlier says new report.