July 17, 2024

Iron ore majors ramp up supply even as China faces challenges

Iron ore is one of the year’s worst performing major commodities, slumping by almost a quarter as China’s property crisis drags on.

July 17, 2024

Iron ore price slumps to 3-week low on weak China demand, strong global supply

Property investment in China fell 10.1% in the first half of 2024 from a year earlier.

July 17, 2024

Fortescue cuts 700 jobs, slows down green hydrogen plans

Fortescue is revising plans to become a major green hydrogen producer, citing high energy costs as the main reason for restructuring and layoffs.

July 17, 2024

Rio Tinto names Shell’s Katie Jackson as new copper chief

Jackson, who is the current president of National Grid Ventures, an energy group, joins Rio Tinto on September 1.

July 16, 2024

Rinehart’s Hancock weighs $3.3 billion iron ore mine project

Hancock acquired a 51% interest in the Mt Bevan project from Legacy Iron Ore Ltd. and Hawthorn Resources.

July 16, 2024

BHP posts second straight year of record iron ore production, beats estimates

The world's largest listed miner said iron ore output from Western Australia on a 100% basis was 76.8 million tonnes in the three months to June 30.

July 16, 2024

Vale sees iron ore output at high-end of 2024 guidance after Q2 rise

The company reported output of 80.6 million metric tons for the steel-making ingredient in the three-month period ended in June.

July 16, 2024

Vale board members in a ‘state of war’ over CEO succession — report

Last week, consulting firm Russell Reynolds delivered a list of 15 potential successors for Eduardo Bartolomeo.

July 16, 2024

Rio Tinto ready to build Simandou after almost 30 years of setbacks

Simandou has faced delays due to legal disputes, political changes, and the challenges of building out 600 km rail and port infrastructure.

July 15, 2024

Rio Tinto’s Q2 iron ore shipments miss after May train derailment

The world's largest producer of iron ore shipped 80.3 million tons of the steel-making commodity in the quarter.