Iron ore price tumbles as China steps up restrictions

Steel mills in Jiangsu have received instructions to reduce production as part of broader curbs on industrial activity aimed at lowering power usage.

MINING.COM Staff Writer | September 20, 2021 | 8:42 am

Russia expects new tax on ferrous metals to add $1.8 billion to budget

Moscow is considering imposing a mineral extraction tax (MET) linked to global prices on producers of ferrous metals and fertilisers.

Reuters | September 20, 2021 | 7:43 am

UBS hits Vale with sell rating as iron ore prices fall

Analysts led by Andreas Bokkenheuser cut the company’s American depositary receipts to sell from buy, a two step drop.

Bloomberg News | September 17, 2021 | 10:48 am

Iron ore price collapses below $100 as China extends environment curbs

The Ministry of Ecology and Environment said that it planned to involve 64 regions under key monitoring during winter air pollution campaign.

MINING.COM Staff Writer | September 17, 2021 | 9:28 am

Venture Minerals suspends operations after one shipment

Company has temporarily suspended operations at its controversial Riley iron ore mine in northwestern Tasmania.

Reuters | September 17, 2021 | 8:38 am

Vale makes bumper $7.6 billion dividend payout

It is the company's largest payout since the 2019 dam collapse which killed almost 300 people.

Reuters | September 17, 2021 | 8:03 am

Vale and Asian miner seek Brazil nod to fast-track mine projects

Vale and Sul Americana de Metais S.A. have qualified for a new policy adopted by Brazil’s Jair Bolsonaro administration that aims to streamline the licensing process.

Bloomberg News | September 16, 2021 | 3:10 pm

Russia mulls new extraction tax and higher profit tax for metals firms

Russia's finance ministry proposed setting a mineral extraction tax linked to global prices for producers of iron ore, coking coal and fertilizers.

Reuters | September 16, 2021 | 2:38 pm

Iron ore price dives 7% on China’s lower steel output data

Mining stocks also slid, with BHP down more than 6% from the previous week, Rio Tinto down 5.3%, and Vale down 7%.

MINING.COM Staff Writer | September 16, 2021 | 8:29 am

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