Iron ore and Coal

Mining News Pro - The Australian government said on Friday that it will provide more than half the funds for a A$200 million ($136.60 million) solar farm being built by Alinta Energy to help power two iron ore mines in Western Australia’s remote Pilbara region.

Mining News Pro - Zimbabwe is targeting a fourfold increase in revenue from minerals by 2023 but an ambitious plan unveiled by Mines Minister Winston Chitando on Monday gave little detail on how the government would achieve this.

Mining News Pro - Rio Tinto, one of the world’s top iron ore miners, signed its first spot trading contract denominated in Chinese Renminbi on Friday, in an effort to diversify procurement channels for Chinese customers.

Mining News Pro - One of BHP’s biggest shareholders Aberdeen Standard Investments on Wednesday added to pressure for the world’s leading miner to cut ties with lobby groups it says are at odds with the company’s pledges on climate leadership.

Mining News Pro - Australia’s Fortescue Metals Group (ASX:FMG) has confirmed its interest in a slice of the giant Simandou iron ore deposit, handed back this year to the Guinean government by billionaire Beny Steinmetz’s BSG Resources.

Mining News Pro - The Navajo Transitional Energy Company or NTEC, which identifies itself as “an American Indian and minority-owned business,” just became the third-largest coal producer in the United States after purchasing all of Cloud Peak Energy’s assets.

Mining News Pro - Australian miner Fortescue and Guinea’s biggest bauxite exporter SMB-Winning are the last two companies in the running for the rights to develop blocks 1 and 2 of Guinea’s Simandou iron ore deposit, three sources told Reuters on Friday.

Mining News Pro - RWE AG, Europe’s biggest carbon-dioxide emitter, plans to become climate neutral by 2040 as the German utility shutters its remaining coal-fired power plants.

Mining News Pro - ArcelorMittal is evaluating a potential sale of some of its iron ore operations, as the world’s biggest steelmaker seeks to cut debt by divesting non-core businesses, people familiar with the matter said.

Mining News Pro - Former Blackjewel LLC employees blocking a coal train in Kentucky in protest of working without pay are shutting down the demonstration after close to two months, still empty-handed.

Mining News Pro - Benchmark iron ore prices sank on Thursday as doubts about the efficacy of Chinese economic stimulus resurfaced, while coking coal prices plummeted amid oversupply and import restrictions imposed by Beijing.

Mining News Pro - Brazil’s mining authority has ordered Vale to halt operations at part of its Brucutu iron ore mine, the largest in Minas Gerais state and the company’s second biggest, behind Carajás.

Mining News Pro - Brazil’s mining authority has ordered Vale (NYSE:VALE) to halt operations at part of its Brucutu iron ore mine, the largest in Minas Gerais state and the company’s second biggest, behind Carajás.

Mining News Pro - Benchmark iron ore prices spiked on Monday after trade data showed Chinese imports of the steelmaking raw material remain robust despite an economic slowdown in the top commodity consumer.

Mining News Pro - Several BHP Group shareholders, including the Church of England pension fund, are recommending the company suspend its membership in industry groups that advocate for policies inconsistent with the Paris climate change agreement.

Mining News Pro - 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.

Mining News Pro - The world’s second largest miner, Rio Tinto, (ASX, LON, NYSE:RIO) has awarded a A$95 million (about $64 million) contract to NRW Holdings to begin pre-stripping activities at the Koodaideri iron ore mine in Western Australia’s Pilbara region.

Mining News Pro - The New South Wales government’s Independent Planning Commission (IPC) has approved, with conditions, Glencore’s A$381 million United Wambo coal project in the Australian state’s Hunter Valley.

Mining News Pro - A World Bank tribunal has ordered Colombia to repay a $19 million fine it levied on Glencore’s coal mining subsidiary Prodeco but declined the company’s petition for $575 million in damages, the government said on Tuesday.

Mining News Pro - Deputy of ESCO: “For using our full capacity we need 6.5 million tons of iron ore and ferrous materials.”

In Picture

Mining News Center