Iron ore miners are awash with cash, but see different futures
Major miners are going to be strong cash generators even if iron ore post further losses.
Latest Stories
Piedmont Lithium delays timeline to supply Tesla
Piedmont had been set in the initial contract to begin supplying Tesla between July 2022 and July 2023.
Global copper supply at risk as workers vote to strike
The market may be left without production from a project that last year churned out 1.2 million tonnes.
Fire erupts at Tesla Big Battery in Australia during testing
The site, near Geelong in Victoria, had been disconnected from the grid and there will be no impact to electricity supply.
Thor Explorations hits Nigeria’s first commercial gold output
Africa’s largest oil producer has sizeable untapped deposits of metals including gold, zinc, lead and iron ore.
Red Hill Iron to sell JV stake Mineral Resources unit for $294m
Red Hill made the decision after it was unable to reach an agreement on further developing the project with an entity involving Aquila Resources and POSCO.
Renault locks in lithium supply from Vulcan Energy in five-year deal
Vulcan will supply 6,000 to 17,000 tonnes of lithium annually to the French automaker.
Sudan official gold output near doubles as smuggling curbed
The North African nation recorded production of 30.3 tons between January and the end of June, compared with 15.6 tons in the same period the year before.
High metal prices, covid-19 increase miners’ exposure to cyberattacks — report
The covid-19 pandemic increased the level of cyber risk because it pushed miners to quickly restructure the way they operate, as the need for systems that support remote working and automation became urgent.
