Fortescue beats on first-half profit, posts strong dividendImports to China, the world's largest iron ore consumer, hit a record high last year on strong demand.Reuters | February 21, 2024 | 4:24 pm
Rio Tinto board gives go-ahead on Simandou iron ore project"The board yesterday approved the largest mining project in the…Staff Writer | February 21, 2024 | 9:47 am
Rio Tinto reports 12% profit drop but returns more cash to investorsThe miner said it expects Pilbara production costs to rise…Reuters | February 21, 2024 | 7:50 am
BHP potentially faces $44 billion bill in Brazil dam case The lawsuit, one of the largest in English legal history, was thrown out in 2020 before the Court of Appeal ruled in July that it could proceed. Reuters | March 15, 2023 | 10:20 am
Vale weighs IPO of metals unit after sale of 10% stake The company has approached Mark Cutifani about becoming chair of the base metals business Bloomberg News | March 15, 2023 | 7:32 am
Work set to resume at Simandou after Guinea, shareholders agree on terms Guinea's transitional government ordered work to stop last July to try to force the shareholders to agree on joint venture terms. Reuters | March 13, 2023 | 11:11 am
Iron ore price rises on improving China steel margins The rapid rise in steel mills' profits and their output expansion have boosted demand, Sinosteel Futures said. MINING.COM Staff Writer | March 13, 2023 | 5:57 am
Vale approves new board nominations Among the new nominations are former Espirito Santo Governor Paulo Hartung and the new head of Banco do Brasil's Previ pension fund, Joao Luiz Fukunaga. Reuters | March 10, 2023 | 8:16 am
Fortescue Metals to cut ‘few hundred’ jobs Miner started laying off more than 100 workers at its Iron Bridge project in the Pilbara region, according to local media. Reuters | March 10, 2023 | 8:09 am
China tells iron ore traders to stop hoarding after rally Beijing authorities are urging trading companies that store iron ore in big volumes at ports to sell some of their material. Bloomberg News | March 10, 2023 | 7:42 am
Iron ore price up on rising Chinese steel output The downstream steel demand has been continuously recovering, said a senior analyst at Mysteel. Staff Writer | March 9, 2023 | 8:47 am
BHP CEO says he is optimistic about Chinese economy this year BHP last month reported a steeper-than-expected 32% fall in first-half profit. Reuters | March 6, 2023 | 3:26 pm