May 13, 2024

Fully-loaded Rio Tinto’s autonomous train crashes in Australia

The incident, the second of this kind this year, happened in an area with no people nearby and it is being investigated, Rio said.

May 11, 2024

Anglo investors tell company to move faster to survive BHP bid

Anglo shareholders have been urging the company to explain how it would create more value than by just selling to the rival.

May 10, 2024

Iron ore price hits more than 2-week low on rising inventory, demand caution

Prices were pressured by an inventory accumulation at Chinese ports and caution about demand outlook.

May 10, 2024

Rio Tinto has not ruled out bid for Anglo American — report

While Rio has a smaller market capitalization than rival BHP, it's large enough to make an all-share offer for some or all of Anglo American.

May 9, 2024

Anglo American’s South Africa investors open to improved BHP bid

The investors, who collectively hold more than 15% of Anglo American, told FT that BHP would need to sweeten its offer.

May 9, 2024

BHP-Anglo American deal raises alarm in Japan’s steel industry

Steelmakers have raised concerns with Australian authorities that BHP could become too dominant in the global supply of coking coal.

May 9, 2024

Nippon Steel sticks to plan to close US Steel deal by year-end

The takeover should bring Nippon Steel's global crude steel capacity to 86 million tons per year, close to its goal of 100 million.

May 8, 2024

Brazil court rejects requests to block $15.7 billion from Vale, BHP

A substitute federal judge of a court in Minas Gerais state said the issue had already been resolved in the previous ruling.

May 8, 2024

China’s 2024 iron ore imports similar to last year – Vale

Imports by China, the world's biggest buyer, in 2024 are expected to be around 1.17 to 1.18 billion metric tons.

May 7, 2024

Brazil demands immediate $15.7 billion payment from Vale, BHP for Mariana disaster

The government stated that if this amount is not paid within 15 days, it will petition to block the assets of Vale, BHP, and Samarco.