Australia’s MinRes probes payments to tycoon founderChris Ellison, who has a large stake in the miner, said that the company set up offshore entities more than 20 years ago that supplied Mineral Resources with mining equipment.Bloomberg News | October 20, 2024 | 4:46 pm
Brazil to seal $30 billion compensation deal with BHP, Vale over 2015 dam collapseAs of Friday, the negotiations between the parties were ongoing…Staff Writer | October 18, 2024 | 2:32 pm
Canada firms can request temporary relief from tariffs on China EVs, metalsThe measure is designed to help firms adjust their supply…Reuters | October 18, 2024 | 12:25 pm
US Steel confirms arbitration ruling favoring Nippon Steel’s $14.9 billion buyout The arbitration board ruled that US Steel met the successorship clause conditions in its labor agreement with the United Steelworkers union. Staff Writer | September 25, 2024 | 9:36 am
Iron ore price jumps to over three-week high on China stimulus, soft global supply China's central bank on Wednesday lowered the cost of its medium-term loans to banks. Reuters | September 25, 2024 | 6:20 am
Investors rush into Australian miners on China stimulus boost The mining sub-index has rallied 6% over the past two sessions. Reuters | September 25, 2024 | 6:15 am
Fortescue electrifies iron ore trucks in $2.8 billion deal The miner will buy 475 emissions-free machines, including 360 autonomous battery-electric trucks. Bloomberg News | September 24, 2024 | 3:42 pm
Iron ore price posts steepest daily rise in over 1 year on fresh China stimulus China's central bank unveiled its biggest stimulus since the pandemic to pull the economy out of its deflationary funk. Reuters | September 24, 2024 | 6:17 am
ArcelorMittal halts steel plant expansion in Brazil Increasing steel imports, especially from China, are affecting local demand says ArcelorMittal. Staff Writer | September 24, 2024 | 4:41 am
Top miners’ reclamation obligations could surpass industry’s total debt by 2033 Environmental reclamation and site restoration costs for 24 major mining companies reached $72 billion in 2023, up from $40 billion in 2013. Staff Writer | September 23, 2024 | 10:43 am
Iron ore price hits over 1-year low on soft China demand prospects, firmer supply Stainless steel exports in China hit a record high in August. Reuters | September 23, 2024 | 6:58 am
Incoming CEO of Vale to start Oct. 1 In August, Vale named Gustavo Pimenta, currently chief financial officer of the firm, to the post. Reuters | September 20, 2024 | 7:58 pm