Category: Iron Ore
Brazilian prosecutors say Anglo’s sale of Amapa iron ore shady
Brazilian prosecutors said Anglo American’s (LON:AAL) sale of its 70% stake in the Amapá iron ore operation in Brazil to Swiss group Zamin Ferrous in late 2013 was full of irregularities, suggesting the miner offloaded the asset to avoid paying...
As global economy hums, Davos turns bullish on commodities
The last two editions of the World Economic Forum were somber affairs for oil industry chieftains and commodities tycoons. The consensus in Davos was that oil was going to stay low, OPEC would fail to lift prices, and the mining...
Anglo's Brazil iron ore expansion a go
Anglo American on Friday received long-awaited environmental permits that pave the way for the world’s number four diversified miner to expand its Minas-Rio iron ore mine in the Brazilian state of Minas Gerais. Reuters reports state environmental regulator Semad granted...
Canada’s Gahcho Kue diamond mine boosts Anglo American output, but cooper flat
Global miner Anglo America (LON:AAL) saw its output climb 5% last year thanks mainly to its diamond and iron ore divisions, though copper production remained flat. The company said output at its diamond unit, De Beers, climbed 22% compared with...
BHP second-quarter iron ore output up 3 pct, maintains forecast
Jan 18 (Reuters) – Global miner BHP on Thursday reported a 3 percent rise in second-quarter iron ore production year over year and said it expects to meet its full-year target as prices for the steelmaking ingredient outperform forecasts. BHP’s...
Rio Tinto 2017 iron ore exports up 1 percent, maintains 2018 guidance
Jan 16 (Reuters) – Global miner Rio Tinto, on Tuesday reported a 1 percent rise in iron ore shipments for 2017 to 330.1 million tonnes, meeting its guidance. The world’s no. 2 miner of iron ore, a raw material in...
Brazilian miner Vale ordered to repair environmental damage
RIO DE JANEIRO, Jan 15 (Reuters) – A Brazilian court on Monday ordered the world’s largest iron ore miner Vale SA to repair environmental damages its operations caused in land belonging to a community of descendants of escaped slaves in...
Australia's Port Hedland clearing out ships as Cyclone Joyce intensifies
SYDNEY, Jan 11 (Reuters) – Australia’s Port Hedland iron ore terminal expects to clear all remaining vessels from its harbour by 1030 GMT as a safety measure after a tropical cyclone intensified off the nation’s western coast on Thursday, Pilbara...
BHP to fund $181m for more Samarco dam cleanup
BHP has agreed to fund a total of up to US$181 million (BHP Billiton Brasil Ltda (BHP Brasil) share) in financial support for the Renova Foundation and Samarco Mineração S.A. (Samarco) until 30 June 2018. An amount of US$133 million...
Iron ore, coking coal prices are soaring
Steelmaking raw materials made strong gains on Monday as Chinese mills, responsible for half the world’s steel output, restock ahead of the resumption of full production at the end of winter. The Northern China import price of 62% Fe content...
CHART: High flying metals to fall back to earth in 2018
Gold’s looks like it’s limping to the finish line with a $100 decline from it’s 2017 high hit three months ago, but bullion bulls would probably feel happy about a second year of near double digit gains (provided the last fortnight...
Vale aims to halve debt to $10bn by 2019
Vale aims to halve debt to $10bn by 2019 The company also said is ready to shut Caledonia mine mid-next year if partners not found Cecilia Jamasmie | Dec. 8, 2017, 10:13 AM | | Vale (NYSE:VALE), the world’s No.1...