Keyword: "iron ore"

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 - 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 - 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 - Rio Tinto, the world’s second-biggest producer of iron ore, is said to have cancelled plans to sell its Iron Ore Company of Canada (IOC) business after failing to settle on a suitable price with potential buyers.

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 - Billionaire Robert Friedland-backed High Power Exploration (HPX) has secured rights to develop a massive iron ore deposit in Guinea left undeveloped for years by its previous owners.

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 - While iron ore has been hammered by the renewed escalation of the U.S.-China trade war, there are also signs the supply crunch that sent prices to a five-year high is easing.

Mining News Pro - Even though at the beginning of the month iron ore was trading above $120 a tonne, the highest in more than five years, prices are starting to come down, closing at about $100 a tonne in the last market session.

Mining News Pro - Rio Tinto surprised investors on Thursday with a $1 billion special dividend on the back of strong iron ore prices and despite an $800 million write-down on its massive Oyu Tolgoi underground copper project in Mongolia.

Mining News Pro - Brazil’s Vale (NYSE:VALE), the world’s No.1 iron ore miner, saw output of the steelmaking commodity collapse by almost 34% in the second quarter of the year, compared to the same period in 2018.

Mining News Pro - Guinea has launched an international tender for blocks 1 and 2 of Simandou, giving companies until Aug. 2 to outline their bids, as the country seeks to revive interest in the world’s largest undeveloped iron ore deposit.

Mining News Pro - China’s iron ore futures on Tuesday hit their highest level since the index was launched in 2013, as upbeat demand prospects in the world’s biggest producer and consumer of steel added fuel to the raw material’s red-hot rally this year.

Mining News Pro - BHP Group, the world’s biggest miner, on Wednesday flagged $1 billion in productivity losses for fiscal 2019 as unplanned outages and bad weather hurt its iron ore production.

Mining News Pro - One million and 800 thousand tons of iron ore were allocated to Esfahan Steel Company.

Mining News Pro - BHP Group, the world’s largest mining company, says it could build up to 11 more iron ore mines over the next 50 to 100 years in the mineral-rich Pilbara region of northern Australia.

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