Category: Iron Ore
Brazil regulator rejects Vale bid to change output target for railroad
Brazil’s transportation regulator ANTT has rejected a request from Vale, the world’s top iron ore producer, to change its production goals for the Carajas Railroad this year, according to a notice by the Official Gazette on Monday. Production goals for...
Sibanye-Stillwater reaches wage deal with unions at Kroondal mine
Precious metals producer Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) said Thursday it had signed a three-year wage agreement with the unions at its Kroondal operations in South Africa. All the three unions, namely the Association of Mineworkers and Construction Union (AMCU), the National...
George Glasier: Rising vanadium prices could increase uranium production
George thinks the uranium price hovering around $21 means that there is currently enough supply to meet demand in the market. At least for the next couple of years. Sooner or later the utilities will need to start contracting which...
Iron ore sheds almost 4 pct more — worst week since May 2016
It’s been a bad week for iron ore, with all indices falling further on Friday due to worries about demand, triggered by impending steel output cuts in China, which produces as much of the metal as the rest of the world combined....
Australia's Roy Hill says can expand iron ore capacity beyond target
Australian iron ore miner Roy Hill Holdings Pty Ltd has the ability to expand its production capacity beyond the 55 million tonnes it has targeted, its chief executive said on Wednesday. Roy Hill, controlled by Australian billionaire Gina Rinehart, is...
Canadian steel producer Stelco plans $150-million IPO
Stelco Holdings Inc. announced today that it has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada and obtained a receipt in respect of its proposed initial public offering of common...
Microorganisms help form iron ore caves
Researchers from the Department of Biology and Geoscience at the University of Akron, in the United States, say that communities of microorganisms play a role in the formation of unique iron ore caves, which make up only about one per...
Caterpillar and Fortescue moving forward with expansion of autonomous truck fleet in Australia
Caterpillar and Fortescue Metals Group have reached agreement for the expansion of Cat® Command for Hauling at Fortescue’s iron ore mines in the Pilbara region of Western Australia. This will include retrofitting approximately 100 Cat 793F and 789D and Komatsu...
Aluminium producer Norsk Hydro warns of Brazil bauxite shortfall
OSLO, Sept 25 (Reuters) – Norwegian metals maker Norsk Hydro has warned customers of a shortfall in supplies of bauxite from Brazil, the raw material from which aluminium is made, it said on Monday. The Mineracao Rio do Norte (MRN)...
Sula strikes 'bonanza grade' gold in Sierra Leone
Sula Iron & Gold, a London-listed mining firm focused on Sierra Leone, said on Tuesday it had found gold of almost “bonanza grade” and its board would forgo their salaries while the company exploits the resource. The latest assay at...