Category: Iron Ore

Rio Tinto to start building massive Koodaideri iron ore mine in 2019

World’s second largest miner Rio Tinto (ASX, LON, NYSE:RIO) said Monday it will begin developing its Koodaideri iron ore mine in Western Australia’s Pilbara region next year, highlighting parallel plans to de-bottleneck rail capacity, which should increase it to 360...

/ June 18, 2018

Samarco is said nearing settlement with Brazil prosecutors

(Bloomberg) — After a year of back and forth, the owners of the Samarco iron-ore mine are close to signing a definitive settlement with Brazilian prosecutors that will clear the way for restart preparations and debt talks to begin, people briefed...

/ June 16, 2018

Brazil's new mining code rules rolled out

Brazil’s President Michel Temer signed Tuesday a decree instituting the new Mining Code Rules. This adds up to the set of Federal Government initiatives targeted at overhauling and updating the Brazilian regulatory framework for the mineral industry, and supervenes the...

/ June 15, 2018

Brazilian President changes decades-old mining laws to lure investment, protect environment

Brazil’s President Michel Temer issued Tuesday two decrees introducing key changes to the country’s 50-year-old mining regulations, aimed at making the local industry more competitive and sustainable. The changes, announced by MINING.com last week, seek drawing investment to the sector...

/ June 13, 2018

Miners creep through legal minefield as Brazilian scales tip

The future of some of the world’s biggest mining operations remains mired in uncertainty after a fatal dam spill helped transform Brazil’s relatively light corporate scrutiny into a legal minefield. The 2015 disaster at the Samarco iron-ore mine, which left...

/ June 7, 2018

U.S. tariffs "unjustified", Britain's May tells Trump on call

British Prime Minister Theresa May told President Donald Trump on Monday that U.S. tariffs imposed on European Union steel and aluminium imports were “unjustified and deeply disappointing” during a phone call. The leaders spoke for the first time since the...

/ June 5, 2018

Tharisa may join $4.2bn Zimbabwe platinum project

(Bloomberg) — Tharisa Plc, the platinum and chrome miner run by the Pouroulis family, is considering investing in a $4.2 billion platinum project in Zimbabwe being developed by another company founded by the family. Tharisa would join Karo Resources, founded by...

/ June 1, 2018

Vale sees key mine topping iron ore output forecasts in 2018 -source

RIO DE JANEIRO, May 24 (Reuters) – Brazilian miner Vale SA expects iron ore output at its premier S11D mine to reach 58 million tonnes this year, above an official forecast of 50 million to 55 million tonnes, a person...

/ May 26, 2018

China opening may spark iron ore to become more like crude oil: Russell

SINGAPORE, May 25 (Reuters) – In the relatively short space of the past decade the paper iron ore market has grown from virtually nothing to exceed the physical market, but now the industry is grappling with what comes next. While...

/ May 26, 2018

EU heads discuss bold-or-fold strategy toward Trump tariffs

European leaders sought unity on Wednesday toward threatened U.S. import tariffs on steel and aluminium, balancing the views of those most fearful of a trade war and those determined not to be bullied into concessions. U.S. President Donald Trump has...

/ May 17, 2018

Biggest miner says China's shift to quality iron-ore will hold

BHP Billiton Ltd., the world’s biggest miner, forecasts reforms in China’s steel sector will continue to hand an advantage to suppliers of higher-quality iron ore and coking coal as consumption of the alloy keeps growing well into the next decade....

/ May 7, 2018

Black Iron ranked by CRU as the lowest cost pellet feed iron ore development project

TORONTO, May 02, 2018 (GLOBE NEWSWIRE) — Black Iron Inc. (“Black Iron” or the “Company”) (TSX:BKI) (OTC:BKIRF) (FRANKFURT:BIN) is pleased to announce the positive results of a study commissioned by Black Iron to determine the Company’s position on the global...

/ May 4, 2018