Vale agrees to pay over $106m in compensation to Minas Gerais evacueesResidents of Barão de Cocais, Brazil, were forced to evacuate due to risks of a tailings dam rupture in 2019.Staff Writer | August 21, 2023 | 8:30 am
ArcelorMittal weighs possible bid for US SteelCleveland-Cliffs and Esmark Inc have already offered over $7 billion.Reuters | August 18, 2023 | 8:28 am
Esmark CEO says has money in bank account for $7.8 billion US Steel bidChief executive James Bouchard said he had $10 billion available…Reuters | August 15, 2023 | 1:22 pm
Iron ore price climbs after selloffs spurred by China covid woes The most-traded January iron ore on China's Dalian Commodity Exchange ended daytime trade 4% higher. Reuters | September 5, 2022 | 11:15 am
Sundance says Cameroon breached court order over Mbalam iron ore licence Sundance has been in dispute with authorities in Cameroon and Congo Republic over the fate of the Mbalam-Nabeba project. Reuters | September 5, 2022 | 9:02 am
Swiss steel mill readies for shorter hours as energy bills soar Stahl Gerlafingen wants to put staff on shorter working hours to contend with soaring energy bills. Reuters | September 4, 2022 | 10:24 am
Nigeria to pay $496 million to settle claims over steel plants Global Steel had acquired rights to Nigeria's entire state steel industry via five major concessions and share purchase contracts. Reuters | September 3, 2022 | 10:47 am
Andrew Forrest’s hydrogen unit to speed expansion plans Analysts have raised questions about Fortescue’s spending on the green unit after the miner last month reported a 40% drop in full-year profit. Bloomberg News | September 2, 2022 | 8:44 am
Vale-BHP nearly double offer in mine disaster settlement The collapse of a dam at the Samarco mine complex in 2015 killed 19 people and severely polluted the Doce River with mining waste. Bloomberg News | September 2, 2022 | 8:13 am
Moody’s cuts metals price calls amid slowing global growth Production has lagged demand, and supply chain issues have further disrupted production. Henry Lazenby | September 1, 2022 | 2:25 pm
Iron ore price down as China’s covid, property woes weigh Nearly 70 Chinese cities reported declines in new home prices last month. MINING.COM Staff Writer | September 1, 2022 | 9:13 am
Mining tycoon’s conviction may have cost him billionaire status Beny Steinmetz was found guilty of bribing public officials in Guinea to secure the concession for the vast mountain of ore worth billions of dollars. Bloomberg News | August 31, 2022 | 7:43 am