June 6, 2024

Vale invests $340 million in Carajás Railway locomotive fleet improvement project

The miner closed a 10-year deal with Wabtec to optimize the maintenance services for its fleet in the Estrada de Ferro Carajás.

June 6, 2024

Brazil seeks $20.7 billion from Vale, BHP over 2015 dam collapse

The government has also set a 12-year period for the payments to be made.

June 6, 2024

Most energy and mining projects 20% over budget — study

About $1.5bn invested in energy transition-related projects are at risk through 2030, research from Bain & Company shows.

June 5, 2024

MinRes to sell minority stake in Onslow haul road for $864 million

The Onslow iron ore project is a joint venture with giant steelmakers China Baowu, POSCO and Advanced Micro Controls.

June 5, 2024

Iron ore price hits seven-week low on softening China steel demand, higher supply bets

Iron ore futures extended their decline to a fifth straight session on Wednesday.

June 4, 2024

Rio Tinto invests $143 million in low-emission steel plant

The facility will focus on BioIron, an iron-making technology developed by Rio that utilizes plant matter as fuel instead of coal.

June 3, 2024

Russia proposes raising extraction tax rates on diamonds, gold, iron ore

The proposed tax hikes would be offset by the abolition of export duties linked to the rouble-dollar exchange rate that were introduced in October 2023.

June 3, 2024

Iron ore price tumbles to lowest in six weeks on China demand concerns

Iron ore inventories at Chinese ports are the highest in more than two years.

June 3, 2024

Researchers push for using iron instead of cobalt, nickel in next-gen lithium-ion batteries

A team of scientists has transformed the reactivity of iron metal, the cheapest metal commodity.

June 2, 2024

Nippon Steel’s Mori returns to US this week for talks on US Steel takeover

The deal would give Nippon Steel greater access to the profitable U.S. market and further its long-term financial goals.