November 11, 2024

Mubadala prepares for sale of Brazil’s Porto Sudeste, Mina Gerais iron ore mines

Formed in 2016, the project includes two mines and their processing units.

November 11, 2024

Australian iron ore giants’ shares sink on disappointing China stimulus

Analysts at Citi last week forecast a grim near-term outlook for iron ore prices, expecting iron ore to average $85 per tonne in 2026.

November 10, 2024

Iron ore price drops back to $100 as China’s latest fix disappoints

Futures declined as much as 2% in Singapore after slumping on Friday, when the Chinese government unveiled a debt-swap plan.

November 8, 2024

World’s top energy trader Vitol eyes metals as oil demand set to peak

CEO Hardy points to iron ore, copper, and aluminum as potential markets.

November 7, 2024

Nippon Steel seeks to close US Steel deal before Trump returns to White House

Before the election which handed him victory, Trump promised to block the deal if re-elected.

November 6, 2024

China’s steel demand shifts to higher grade ore, Rio Tinto exec says

"The demand for high grade ore continues to be strong," chief commercial officer Bold Baatar said.

November 6, 2024

Itochu to buy stake in Brazil’s CSN’s iron ore unit for $769m

CSN Mineracao is the leading iron ore producer and distributor in Brazil.

November 6, 2024

Trump will follow the money, and that’s in green energy — Forrest

Andrew Forrest reinforced Fortescue’s green ambitions, aiming to "build perhaps Australia's largest single industry."

November 4, 2024

MinRes’ founder Ellison to exit after internal misconduct probe

Chris Ellison will leave within 18 months as the board found he used company resources for his personal benefit and evaded taxes.

October 31, 2024

BHP, ABB sign multi-year global framework agreement

This new agreement, says BHP, allows the companies to collaborate in support of project delivery, operations and maintenance, as well as progressing operational decarbonization efforts.