Category: Iron Ore

Chilean tribunal gives Dominga iron ore-copper project a second chance

Following a conciliation process between Andes Iron and Chile’s Ministry of Environment, Antofagasta’s First Environmental Tribunal decided to reverse a decision that forbade the Dominga copper and iron ore project from going forward. The new development means that the Environmental...

/ April 28, 2018

One asset leads South African miner’s growth in Q1-2018

South Africa’s Kumba Iron Ore reported a 4 per cent increase in overall production in the first quarter that ended March 31, 2018. In a press release, Anglo American’s (LON:AAL) subsidiary revealed that the growth was driven entirely by a...

/ April 25, 2018

Prosecutors, Samarco to ask more time for disaster's compensation plan

Brazilian federal prosecutors and mining company Samarco are going to ask a local court for additional time to conclude a compensation plan for victims of a dam disaster in Brazil’s Minas Gerais state, the prosecutor’s office said on Wednesday. They...

/ April 20, 2018

BHP cuts 2018 iron ore forecast, cites rail car upload problems

BHP Billiton Ltd cut its 2018 fiscal year iron ore output guidance on Thursday citing issues in its railroad car unloading system, while reporting an 8 percent rise in third-quarter iron ore production. The miner cut its fiscal 2018 production...

/ April 19, 2018

After setbacks, Anglo American counting on turnaround for Minas-Rio mine

SANTIAGO, April 17 (Reuters) – Two leaks in a month, a 90-day outage and $58 million in fines is not enough to temper Anglo American’s ambition for its long-delayed, multi-billion dollar Minas-Rio iron ore mine in Brazil. Purchased at the...

/ April 18, 2018

Anglo gives 30-day leave to workers at suspended Brazil iron ore mine

Anglo American Plc said on Monday it was giving 30 days’ leave to 766 workers at its suspended Minas-Rio mine in Brazil as of Tuesday. The company halted production and transport operations for 90 days at the mine at the...

/ April 17, 2018

Brazil's Vale reports iron ore output slips in Q1

RIO DE JANEIRO/BRASILIA, April 16 (Reuters) – Brazilian miner Vale SA said on Monday that total iron ore output slipped 4.9 percent year-on-year in the first quarter to 81.95 million tonnes, although the company maintained its 390 million tonne target...

/ April 17, 2018

Rio Tinto defends executive bonus structure

By Zandi Shabalala LONDON, April 11 (Reuters) – Rio Tinto defended its executive salary policy on Wednesday after proxy adviser Glass Lewis urged shareholders to vote against it and criticised the firm for paying out bonuses in 2017, a year...

/ April 12, 2018

Brazil state fines Anglo American $37.73 million over pipeline leak

The Brazilian state of Minas Gerais slapped a 125.6 million real ($37.73 million) fine on Anglo American on Wednesday for pollution caused by one of two spills last month from a pipeline that carries iron ore from the company’s Minas-Rio...

/ April 5, 2018

Anglo needs 90 days to inspect leak at Brazil iron ore operations

April 3 (Reuters) – Anglo American Plc will need about 90 days to inspect a pipeline at its suspended Minas-Rio iron ore operation in Brazil, it said on Tuesday, after the country’s environmental regulators ordered the miner to halt operations...

/ April 4, 2018

Labour groups file OECD complaint against BHP and Vale over dam-burst disaster

Geneva-based IndustriALL, a global union federation that says it represents more than 50 million workers in 140 countries, joined forces with Building and Wood Workers’ International to file a complaint against BHP Billiton (NYSE:BHP) and Vale (NYSE:VALE) under the Organisation...

/ March 27, 2018

Liebherr to invest $45 million expanding footprint in US mining sector

Heavy equipment maker Liebherr’s goal of becoming one of the top suppliers for the mining industry in North and South America seems to be a step closer, as the Switzerland-based company announced a $45 million-investment to grow its facilities in Virginia,...

/ March 24, 2018