Iron price falls on coronavirus
Benchmark iron ore prices fell on Jan. 29 as China — responsible for more than 70% of the world’s seaborne iron ore trade — struggles…
Iron price falls on coronavirus Read More »
Iron Ore
Fortescue posts record shipments, invests in new energy infrastructure
Iron-ore major Fortescue Metals has reported record shipments for the six months ended December, driven by a 9% increase in quarterly shipments, which reached 46.4-million tonnes.
Iron-ore shipments in the six months to December reached a record 88.6…
Fortescue posts record shipments, invests in new energy infrastructure Read More »
Vale suspends employee travel to China over coronavirus
Brazilian miner Vale said on Tuesday it would suspend travel by its employees to and from China indefinitely as a precaution amid an outbreak of a new coronavirus.
Vale, the world’s largest iron-ore miner, said its employees in China will work remotel…
Vale suspends employee travel to China over coronavirus Read More »
M3 seeks partner for rescaled C$840m Canadian iron-ore project
TSX-V-listed M3 Metals is looking for a partner to take its Block 103 iron-ore project, in Newfoundland and Labrador, to feasibility study and production, after a rescaling of the project significantly reduced the capital expenditure.
A rescoping stud…
M3 seeks partner for rescaled C$840m Canadian iron-ore project Read More »
Mt Gibson posts solid quarter
Iron-ore miner Mount Gibson has reported a solid quarter in the three months to December, with iron-ore sales remaining consistent with the previous quarter.
Iron-ore sales for the December quarter reached 1.3-million tonnes, consistent with the 1.3-m…
Mt Gibson posts solid quarter Read More »
Kumba records solid operational performance
Iron-ore miner Kumba Iron Ore delivered a solid operational performance in the fourth quarter and the full-year ended December 31, CEO Themba Mkhwanazi said on Thursday. The Anglo American subsidiary produced 42.4-million tonnes of iron-ore and sold 42…
Kumba records solid operational performance Read More »
Pollution insurance costs to jump for US tailings dams after Vale disaster
The 2019 mining disaster in Brazil is expected to lead to a double-digit jump in costs to insure US tailings dams that store mining waste against liability for environmental catastrophes.
Tailings dams, some of which tower dozens of meters high and st…
Pollution insurance costs to jump for US tailings dams after Vale disaster Read More »
Iron-ore demand to slow, while seaborne supply rises
Slower demand growth, especially in China, and a decent recovery in seaborne supply is expected to continue to feature prominently in the iron-ore industry this year, says global energy, chemicals, renewables, metals and mining research and consultancy…
Iron-ore demand to slow, while seaborne supply rises Read More »
Iron price gains as Chinese imports surpass 1 billion tonnes
Benchmark iron ore prices climbed on Tuesday after trade data showed Chinese imports of the steelmaking raw material topped 1 billion tonnes for the third…
Iron price gains as Chinese imports surpass 1 billion tonnes Read More »
Australia’s Fortescue eyes modest 2020 growth for Chinese steel output
China’s steel production is expected to grow only modestly this year, driven by rising urbanization and Belt and Road Initiative projects, Australia’s Fortescue Metals Group chief executive Elizabeth Gaines said on Wednesday.
Gaines, who heads the wor…
Australia’s Fortescue eyes modest 2020 growth for Chinese steel output Read More »