September 9, 2024

Iron ore sell-off deepens as global growth fears hit commodities

Iron ore sank below $90 a ton for the first time since 2022 on Monday.

September 9, 2024

Norge Mining confirms viability of critical minerals project with pre-feasibility study

The PFS gives the one zone of the Eigersund project a net present value of $2.01 billion.

September 9, 2024

Australia should address miners’ concerns, industry group says

There are growing tensions between Prime Minister Albanese’s center-left government and the mining sector on various policies.

September 6, 2024

Vale, BHP, Samarco could close $18bn deal over Brazil dam collapse

Sources expect a final agreement to be reached in October.

September 6, 2024

US Steel assets face chopping block without Japan deal

United States Steel Corp. faces the prospect of being broken apart and sold in parts if Nippon Steel Corp.’s $14.1 billion takeover fails.

September 6, 2024

Iron ore price flicks higher from lowest close in nearly two years

The flick higher on Friday ends five days of losses amid torrid conditions in China’s steel market.

September 6, 2024

Trafigura’s top China iron ore traders leave group

The departures came after global prices of the key steel-making ingredient tumbled almost 40%.

September 5, 2024

Mesabi Metallics claims court victory in antitrust case over Minnesota iron ore project

In the antitrust suit, Mesabi alleges that Cleveland-Cliffs unlawfully impeded it from building its iron ore mine and pelletizing plant in Minnesota.

September 5, 2024

Nippon Steel seeks to address concerns on US Steel deal

Nippon also disclosed it had hired former US House majority leader Dick Gephardt to assist in its efforts.

September 5, 2024

Iron ore price sinks as steel group warns of ‘flash in a pan’ recovery

Iron ore slumped to its lowest level since 2022 and traded near $90 a ton.