February 4, 2025

Fortescue gains control of Red Hawk

Fortescue has secured access to the undeveloped Blacksmith iron ore project, 30km west of its Solomon operations in Western Australia.

February 3, 2025

Rio Tinto faces new iron ore shipping snarls due to cyclones

Rio Tinto warned last month that its first-quarter iron ore shipments could be affected by disruptions to its rail operations.

February 3, 2025

Trump delays 25% tariffs on Canada, Mexico

The countries promised to beef up their borders and tackle the organized crime behind fentanyl trafficking.

January 31, 2025

Nippon Steel launches $456m bid to acquire Sanyo Special Steel

Nippon Steel's offer is a 37% premium over Sanyo Special Steel's closing price on Friday.

January 29, 2025

Vale CEO meets Brazil’s Lula, touts ‘convergence’ with government agenda

The company has been criticized by Lula and cabinet members in the past.

January 28, 2025

Wabtec wins $248 million locomotive order from Winning Consortium

The order is to support their rail operations at the Simandou iron ore project in Guinea.

January 28, 2025

Vale posts highest annual iron ore output since 2018 despite fourth-quarter slide

Vale reported an output of 85.3 million metric tons in the three months ended in December.

January 28, 2025

Liberia anticipates new minerals discovery will draw $3 billion

Studies conducted over five decades and funded by the Chinese show the iron ore exporter also has uranium, lithium, cobalt, manganese and neodymium deposits.

January 27, 2025

Fortescue to buy Red Hawk Mining to tap Western Australia ore

The offer price of as much as A$1.20 cash per share implies a fully diluted equity value for Red Hawk of A$254 million ($160 million).

January 27, 2025

Nucor posts lower fourth-quarter results; sees steel market improving

Nucor's CEO said steel demand softened throughout 2024 but noted that market conditions were starting to improve.