BHP iron ore output drops 5% on maintenance work, labour crunch

Mining News Pro - BHP Group on Tuesday posted a near 5% drop in first-quarter iron ore output due to maintenance work at its Jimblebar mine and a shortage of rail labour caused by covid-19 border restrictions.

Rio Tinto cuts 2021 iron ore shipments forecast on labour squeeze

Mining News Pro - Rio Tinto Group on Friday reduced its 2021 iron ore shipments forecast, as a tighter labour market in Western Australia delayed the completion of a new greenfield mine at Gudai-Darri.

The world needs Simandou iron ore

Mining News Pro - The world needs Guinea’s massive Simandou iron ore deposit to be developed, Rio Tinto’s chief executive said on Thursday, despite uncertainty in Guinea after last month’s coup.

Iron ore price rout hacks $160 billion off top mining stocks

Mining News Pro - At just over $1.3 trillion, the Top 50* most valuable mining companies lost a combined $158.5 billion in market capitalization over the three months to end September, as iron ore’s plunge and copper’s lacklustre performance prompted a sell-off in the sector’s largest names.

Australia says iron ore price expected to reach $150 by late 2021

Mining News Pro - The iron ore price is expected to reach $150 per tonne by late 2021, before falling to $93 per tonne by the end of 2022, according to a report released by Australia’s department of industry, science, energy & resources.

Iron ore price jumps as Fortescue halts Pilbara operations

Mining News Pro - Iron ore price jumped to a three-week high on Thursday after Fortescue Metals Group halted mining operations at its Solomon Hub site in Australia’s Pilbara region.

Saldanha Iron Ore Terminal shuts for ten-day maintenance

Mining News Pro - Transnet Port Terminals (TPT) has announced that the Saldanha Iron Ore Terminal’s ten-day planned maintenance shutdown started on September 28.

Iron ore price up despite Chinese power curbs

Mining News Pro - Iron ore prices gained for the third straight session on Monday, rising more than 5% in China, while steel rebar and hot-rolled coils increased amid production controls due to power cuts.

Iron ore price back above $100 after Evergrande debt deal

Mining News Pro - Iron ore price jumped on Wednesday after China Evergrande Group said it reached an agreement with yuan bondholders on an interest payment.

Iron ore makes unruly retreat to more normal price levels

Mining News Pro - Just as iron ore’s surge to a record high in May was an overblown rally, its plunge last week was a disorderly retreat, with neither move fully justified by the fundamentals of supply and demand.

Iron ore price brings growing business back to Earth

Mining News Pro - Iron ore prices have dropped below $US100 per tonne for the first time since early November 2020, bringing promising Australian projects to unfeasible standstills.

Pilbara Ports eyes off iron ore at Ashburton

Mining News Pro - The Pilbara Ports Authority (PPA) has begun investigating the trade of iron ore at the Port of Ashburton in Western Australia, in response to increased exports.

Iron ore price tumbles as China steps up restrictions

Mining News Pro - The iron ore price extended its slump below $100 a tonne as China stepped up restrictions on industrial activity in some provinces.

Mining stocks carnage as iron ore, copper prices fall

Mining News Pro - Iron ore extended its slump below $100 a tonne and copper prices dropped in New York on Monday as China stepped up restrictions on industrial activity and fears about the collapse of the country’s largest property developer intensified.

Emesent’s Hovermap valuable tool after earthquake at Swedish iron ore mine

Mining News Pro - On the morning of May 18, 2020, an earthquake measuring 4.1 on the Richter scale rocked northern Sweden, inflicting serious damage to the century old LKAB iron mine in the town Kiruna, forcing the company to suspend operations. Five days later, production had resumed, albeit at 30% capacity.

Iron ore price dives 7% on China’s lower steel output data

Mining News Pro - The iron ore price fell on Thursday after China reported a drop in the country’s steel production in August.

China continues to ravage iron ore prices

Mining News Pro - Iron ore prices have dropped to a 10-month low as China made further calls to slow steel production, causing major and minor iron ore miners to feel the effects in Australia.

Iron ore price down on fears of regulatory controls

Mining News Pro - Iron ore prices continued to fall on Tuesday after new steel curbs in China.

Iron ore price sinks to 11-month low on covid recovery concerns

Mining News Pro - The iron ore price sank to an eleven-month low on Thursday amid concerns that the global economic recovery is stalling.

Iron ore’s plunge deepens as BHP flags ‘stern test’ from China

Mining News Pro - Iron-ore extended its rout as BHP Group warned it sees an increasing likelihood of “stern cuts” to China’s steel output this year.

Iron ore price bounces back while Fitch sees rally slowing ahead

Mining News Pro - Iron ore price rose on Wednesday, after five straight sessions of losses, tracking steel futures as China’s output curbs fuelled worries about supply.

China goes from driver to brake for crude oil, iron ore and copper

Mining News Pro - China has switched from driving global demand for major commodities to being a drag on growth, with July’s customs data confirming the weakening trend for imports of crude oil, iron ore and copper.

Iron ore price craters on Chinese steel output cuts

Mining News Pro - Iron ore prices tumbled on Friday, collapsing under the weight of China’s resolve to reduce steel output in line with its decarbonization drive, and slowing domestic demand for the construction and manufacturing material.

Iron ore price down on China’s forecasted steel output decline

Mining News Pro - Iron ore prices fell on Thursday, pressured by the prospects of a demand slowdown for the steelmaking ingredient in China.

Exuberant Kumba Iron Ore’s stakeholders receive R51bn shared value boost

Mining News Pro - Anglo American group iron-ore mining company Kumba Iron Ore, which has achieved record half-year earnings with great exuberance, has shared a sky-high first-half R51-billion with its spread of stakeholders that take in the fiscus, local suppliers, nearby communities, employees, shareholders and society at large.

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