September 23, 2024

Top miners’ reclamation obligations could surpass industry’s total debt by 2033

Environmental reclamation and site restoration costs for 24 major mining companies reached $72 billion in 2023, up from $40 billion in 2013.

September 23, 2024

Iron ore price hits over 1-year low on soft China demand prospects, firmer supply

Stainless steel exports in China hit a record high in August.

September 20, 2024

Incoming CEO of Vale to start Oct. 1

In August, Vale named Gustavo Pimenta, currently chief financial officer of the firm, to the post.

September 20, 2024

Nippon Steel to sell $211 million in assets to manage debt amid US Steel deal

Nippon Steel plans to sell at least 30 billion yen in assets including real estate and inventories.

September 20, 2024

Rinehart’s Hancock Prospecting secures permit for McPhee iron ore mine

The McPhee Creek project, about 100km north of Rinehart's Roy Hill mine, was originally slated to begin ore production in 2023.

September 19, 2024

First Phosphate touts battery acid from Quebec rock ‘rarer than gold’

First Phosphate (CSE: PHOS) has posted an initial phosphate resource for its Bégin-Lamarche project in Quebec after choosing a plant site to […]

September 19, 2024

Iron ore price climbs on China stimulus hopes, softer stockpiles

China is widely expected to trim its main policy and benchmark lending rates on Friday.

September 18, 2024

White House says review of Nippon Steel’s proposed purchase of US Steel ongoing

A source told Reuters this week that the US national security panel reviewing Nippon Steel's $14.9 billion bid.

September 17, 2024

US decision on Nippon’s bid for US Steel pushed back until after election

CFIUS needs more time to understand the impact of national security and engage with the parties, the Reuters source added.

September 17, 2024

US Steel CEO confident Nippon Steel deal will close ‘on its merits’

The companies countered in a 100-page letter that the deal would enhance US national security.