India’s Mines Ministry on Tuesday permitted State-run steel producer, Steel Authority of India Limited (SAIL), to sell 25% of the iron-ore it produced in the previous year from its captive mines on the open market. The move by the Mines Ministry is aim…
India’s SAIL permitted free merchant sale of iron-ore from its captive mines Read More »
A Brazilian iron-ore startup backed by a Kazakh mining company is in talks with several potential joint venture partners who would help finance a $2.6-billion mine project, its CEO said on Tuesday.
Bamin, backed by unlisted global mining and metals gr…
Brazil Kazakh-backed mining startup in talks with JV partners Read More »
Mineral exploration company High Power Exploration (HPX), which is headed up by chairperson and CEO Robert Friedland, has received consent from the Guinea government to acquire the 95% interest in the Nimba iron-ore deposit currently held by BHP, Newmo…
Friedland’s HPX to acquire stake in Guinea iron-ore mine Read More »
Iron-ore major Fortescue Metals has completed a $600-million bond offering that will be used to partially repay its $1.4-billion of outstanding debt, due in 2022.
The miner raised the capital through the issue of senior unsecured notes at an interest …
Fortescue raises $600m to fund debt Read More »
ArcelorMittal will postpone the redundancy of 300 out of 800 workers at its iron ore mines in Bosnia while seeking to resolve outstanding issues with a regional government there, the company said on Friday.
The world’s largest steelmaker, whose plant …
ArcelorMittal delays job cuts in Bosnian iron ore mines Read More »
Ferrexpo said an independent review into its charitable donations suggested some funds could have been misappropriated, but found the company and its biggest shareholder weren’t connected to any possible wrongdoing.
The review was unable to confirm th…
Ferrexpo review says charity funds may have been misappropriated Read More »
ASX-listed Mineral Resources has completed the A$20-million purchase of the of the Parker Range iron-ore project, in Western Australia, from fellow-listed Cazaly Resources.
In addition to the A$20-million cash payment for the Parker Range project, Min…
Mineral Resource completes Parker Range buy Read More »
ASX-listed Mineral Resources has completed the A$20-million purchase of the of the Parker Range iron-ore project, in Western Australia, from fellow-listed Cazaly Resources.
In addition to the A$20-million cash payment for the Parker Range project, Min…
Mineral Resources completes Parker Range buy Read More »
Leading miner BHP is near a deal to divest its stake in Guinea’s Nimba iron-ore deposit, while three big miners are vying to develop half of the country’s Simandou, the largest known untapped iron-ore reserve, sources close to the talks said. Guinea ha…
Talks on Guinea’s iron-ore advance, BHP nears deal on Nimba – sources Read More »
Iron-ore major Fortescue Metals has reported a record net profit after tax of $3.2-billion in the full year ended June, driven by a 48% increase in revenues.
While iron-ore shipments were down 1% on the 2018 figures, at 167.7-million tonnes, higher ir…
Fortescue posts record profit Read More »
