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.

January 27, 2025

JSW Group to invest $301m in India copper mines in non-ferrous foray as steel prices dull

The group has won two blocks of copper mines in the eastern mineral-rich state of Jharkhand from Hindustan Copper.

January 27, 2025

Vale shares shed $17 billion as iron ore slump foils turnaround

The miner has lost its rank as Brazil’s third-largest publicly traded company.

January 27, 2025

Dalian iron ore set for monthly gain on resilient steel demand, US-China trade optimism

Trump said he would rather not use tariffs against China, though acknowledging they have a "tremendous power".

January 27, 2025

Activist Ancora to push US Steel to drop Nippon merger and oust CEO

Activist investor Ancora Holdings has built a stake in US Steel and wants the steelmaker to drop its merger agreement.

January 26, 2025

South Africa coal, metal exporters to spend billions on rail

Organizations representing firms including Glencore and a unit of Anglo American are negotiating the terms of the pacts with Transnet.