Category: Iron Ore

Scientists create "kagome metal"

Physicists from MIT, Harvard University, and Lawrence Berkeley National Laboratory have produced what the call “a kagome metal” — an electrically conducting crystal, made from layers of iron and tin atoms, with each atomic layer arranged in the repeating pattern...

/ March 23, 2018

Brazilian pension funds to sell stakes in Vale

Exclusive information obtained by Reuters reveals that Brazilian pension funds led by Previ are planning to sell 10 per cent to 12.5 per cent of their stakes in iron ore miner Vale SA (NYSE:VALE) through a public offering. According to...

/ March 22, 2018

Ex-banker's home said to be raided in UK Rio Tinto probe

(Bloomberg) — U.K. investigators raided the London home of a former investment banker to look for evidence connected with a bribery investigation into mining giant Rio Tinto Group, according to two people with knowledge of the matter. The Serious Fraud Office...

/ March 16, 2018

Anglo American halts output at Brazil ore unit after duct failure

SAO PAULO, March 12 (Reuters) – Global diversified mining company Anglo American Plc halted iron ore production at its mine in Brazil’s Minas Gerais state after a mineral duct used to transport the product to an export terminal broke down,...

/ March 13, 2018

Germany's Merkel still hopes for talks on U.S. tariffs

German Chancellor Angela Merkel said Europe must be ready to respond to the unilateral imposition of trade tariffs by the United States but she first hoped for talks on the issue. U.S. President Donald Trump set import tariffs on Thursday...

/ March 13, 2018

Copper, iron ore prices drop as Chinese imports plunge

Image: Glencore The price of copper dropped close to its 2018 lows and iron ore prices plunged on Thursday after customs data showed imports of raw materials by China weakening sharply in February. In brisk trading New York Comex copper...

/ March 9, 2018

Rio Tinto speeds up driverless fleet expansion in Australia

Mining giant Rio Tinto (ASX, LON, NYSE: RIO) is expanding its driverless trucks fleet in Australia by introducing 15 autonomous vehicles to a new mine in the Pilbara region. The trucks, to be deployed later this month to the West Angelas...

/ March 7, 2018

Samarco iron ore mine could reopen this year

The Samarco iron ore mine in Brazil is likely to resume operations before the end of the year or early 2019 Vale (NYSE:VALE) executives told investors on Wednesday. Samarco Mineracao – a Vale-BHP joint venture – ceased operations in November...

/ March 1, 2018

Brazil's Vale 4th-qtr profit misses as costs rise, forex weighs

Brazilian iron ore miner Vale SA’s quarterly net income jumped by 47 percent but still badly missed analyst estimates, depressed by rising costs and foreign exchange related losses. In a securities filing on Tuesday, the world’s largest iron ore producer...

/ February 28, 2018

Unloved platinum stocks show promise for $45 billion manager

(Bloomberg) — Some platinum stocks are looking attractive again as oversupply that depressed prices for years subsides, said Allan Gray, the South African money manager that oversees the equivalent of about $45 billion. Companies that Allan Gray has invested in include...

/ February 27, 2018

Andes Iron and Chilean ME enter conciliation process over $2.5-billion project

Attorneys from Antofagasta’s First Environmental Tribunal, together with company executives, researchers and conservation experts, visited, flew over and sailed around the site where Andes Iron’s Dominga mine and port project would be located, in the central Coquimbo region. The trip...

/ February 13, 2018

Anglo takes down South Africa sale sign and may even buy

(Bloomberg) — Anglo American Plc raised the possibility that it could start buying assets in South Africa, the latest sign of how much has changed in two years, when the miner was focused on selling. “We no longer have any for...

/ February 6, 2018