Keyword: "iron ore"

Mining News Pro - Iron ore prices fell back on Tuesday after data showed five straight weeks of lower production by Chinese steel mills, which forge more crude steel than the rest of the world combined.

Mining News Pro - Mount Gibson has sold 2.3 million tonnes of iron ore in the first half of the 2021 financial year ahead of entering a new phase of operations at the Koolan Island mine in Western Australia.

Mining News Pro - A tropical low system in the Indian Ocean off Australia’s west coast was expected to develop into a tropical cyclone, Australia’s weather bureau said, forcing the country’s key iron ore exporting terminal to clear ships from harbour.

Mining News Pro - BHP has capitalised on a 35 per cent increase in prices for its iron ore mined in the Pilbara by delivering a production record for the second half of 2020.

Mining News Pro - Rio Tinto will need time to rebuild partnerships with Indigenous groups following the company’s destruction of sacred caves in Australia, its new chief executive said on Tuesday in his first quarterly report as CEO.

Mining News Pro - Prices for Australia’s high-grade iron ore fines have increased this week after data on China’s steel output in 2020 was revealed.

Mining News Pro - Iron ore prices climbed back up to near decade highs on Thursday after customs data showed record-breaking imports by China, which forges more steel than the rest of the world combined.

Mining News Pro - BHP’s in-house capital unit, BHP Ventures, has participated in Boston Metal’s $US50 million ($64 million) funding to develop a technology that converts iron ore to steel with zero carbon emissions.

Mining News Pro - Samarco started its first iron ore shipment on Monday after restarting operations in December, five years after Fundão dam tragedy.

Mining News Pro - The Port of Port Hedland in Western Australia has docked its first LNG-fuelled vessel to commence a focus on lower emissions in the maritime industry.

Mining News Pro - Iron ore prices have climbed to more than $US165 ($215) in the new year but analysts are anticipating that the highs will not extend throughout 2021.

Mining News Pro - China aims to build one or two globally significant overseas iron ore mines by 2025 to boost the supply of the steelmaking ingredient and strengthen its pricing power, the industry ministry said on Thursday.

Mining News Pro - The total volume of iron ore dispatched to global destinations from Australia and Brazil was 29.7 million tonnes from December 21-27, the highest since June 2019, according to a survey from Mysteel.

Mining News Pro - Prices for iron ore have more than doubled in 2020, putting the steelmaking raw material on track to be the top-performing major commodity globally for a second straight year as speculative money floods in and Chinese demand holds firm.

Mining News Pro - Australian miner Sundance Resources said on Monday that it had initiated an arbitration process against Congo Republic for damages of $8.76 billion after the Congolese government revoked its permit for the Nabeba iron ore project.

Mining News Pro - Iron ore prices leaped to more than nine-year highs on Friday amid trading spikes and a frenzy for the steelmaking ingredient in China, which the country’s steelmakers have called “unreasonable” and “abnormal.”

Mining News Pro - Iron ore prices shot higher again on Thursday – the twelfth straight day of gains – after authorities at the world’s largest iron ore export terminal issued a cyclone warning, exacerbating an already tight market.

Mining News Pro - Investment bank UBS has boosted its forecasts for iron ore prices next year by nearly 20 per cent.

Mining News Pro - Fortescue Metals Group has celebrated passing its first iron ore through the ore processing facility at the Eliwana mine and rail project in Western Australia.

Mining News Pro - Iron ore prices continued to rally on Monday as Chinese imports top one billion tonnes, port stocks fall and the country’s steelmakers – responsible for more than half the world’s crude output – ramp up production.

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