Vale earnings disappoint as miners grapple with stagflation

Adjusted earnings before items came in at $5.25 billion in the second quarter, the Rio de Janeiro-based company reported Thursday.

Bloomberg News | July 28, 2022 | 3:27 pm

Iron ore price hits 4-week high boosted by rebounding steel margins in China

Twelve blast furnaces in China have resumed operations as margins improved, Chinese metals information provider SMM reported.

MINING.COM Staff Writer | July 28, 2022 | 8:48 am

Column: China in risky bet to test its power in iron ore markets

Even if China does set up an effective and efficient centralized buying system for iron ore, it's unlikely to shift market dynamics much, writes Clyde Russell.

Reuters | July 28, 2022 | 8:21 am

If Brazil legalizes more Amazon mining, it would drive deforestation, study says

Building new roads to reach mines would allow illegal loggers, land grabbers and ranchers easier access to relatively untouched parts of the forest, study says.

Reuters | July 28, 2022 | 8:12 am

Anglo American cuts dividend as inflation, extreme weather erode earnings

Anglo joined rival miners, including Rio Tinto and Freeport-McMoRan, in reporting lower profits.

Reuters | July 28, 2022 | 7:55 am

ArcelorMittal to buy Brazil steelmaker CSP for $2.2 billion

With the deal, the world's second-largest steelmaker is adding an installed capacity of 3 million tonnes a year of steel slabs.

Cecilia Jamasmie | July 28, 2022 | 7:16 am

Rio Tinto inks deal to unlock huge Simandou iron ore project

The miner has formed a JV with the Guinea government and Winning Consortium Simandou to develop infrastructure, including a railway and port.

Bloomberg News | July 28, 2022 | 3:03 am

Fortescue raises annual shipments forecast amid inflation pain

The world's fourth-largest iron ore miner said it shipped 49.5Mt of the steel-making ingredient in the quarter ended June 30.

Reuters | July 27, 2022 | 4:21 pm

Rio Tinto says Simandou deal close after wrangles over railway

Rio Tinto said it’s close to a breakthrough in a landmark deal to unlock the world’s biggest untapped iron ore mine.

Bloomberg News | July 27, 2022 | 9:51 am

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