China demand powers Fortescue shipments to record, beats annual estimate

Fortescue shipped 49.3 million tonnes of ore in the quarter ended June 30, compared with 47.3 million tonnes a year ago.

Reuters | July 29, 2021 | 9:40 am

Vale revises down year-end iron ore output

The company revised down its guidance for year-end iron ore production capacity to 343 million tonnes per annum from 350 million tonnes previously.

Reuters | July 29, 2021 | 9:14 am

ArcelorMittal quarterly earnings highest in 13 years on strong steel demand

The company said it would start a $2.2 billion buyback programme to be completed by the end of 2021.

Reuters | July 29, 2021 | 7:40 am

Anglo American half-year profit best in its 104-year history

The diversified miner reported pre-tax profits of $10.1 billion for the six months to June, more than double what it made in 2020 as a whole.

Cecilia Jamasmie | July 29, 2021 | 7:09 am

Vale’s second-quarter buoyed by iron ore prices, hit by provisions

Vale reported a Q2 net income of $7.586 billion, up over 600% from the same period a year ago, but slightly below the Refinitiv consensus estimate of $7.67 billion.

Reuters | July 28, 2021 | 10:18 pm

Rio Tinto pays $9.1 billion dividend as profit hits record

Rio Tinto is the first of the majors to post earnings, kicking off a reporting season that’s expected to see record results across the board.

Bloomberg News | July 28, 2021 | 7:18 am

Ex Rio Tinto chief Walsh joins Aboriginal group’s board

Appointment comes after a particularly fraught period in relations between traditional land owners and Australia's powerful mining companies.

Reuters | July 28, 2021 | 5:26 am

Kumba Iron Ore hikes interim dividend after earnings jump

Johannesburg-listed Kumba reported a jump in diluted headline earnings per share of 178% for the six months ended on June 30.

Reuters | July 27, 2021 | 7:48 am

CEO of Aboriginal group whose rock shelters Rio Tinto destroyed steps down

Carol Meredith will leave the role in September to spend more time with family overseas and the search for a new chief executive is underway.

Reuters | July 27, 2021 | 7:42 am

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Steelmaking breakthrough could save money and emissions

Column: Iron ore price rally justified as China’s January imports surge

India’s JSW Steel sees exports at more than 10% of 2022/23 sales

Fortescue sees renewables overtaking iron ore business

BHP expects China to underpin commodities demand in 2023

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