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...

/ November 12, 2017

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...

/ November 11, 2017

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...

/ October 2, 2017

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....

/ September 29, 2017

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...

/ September 28, 2017

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...

/ September 28, 2017

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...

/ September 27, 2017

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...

/ September 26, 2017

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)...

/ September 26, 2017

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...

/ September 26, 2017