Iron ore prices fall on increasing supply from miners

Iron ore shipments from Australia and Brazil stood at 26.14 million tonnes last week, up by 1.1 million tonnes from the week earlier, data from Mysteel consultancy showed.

MINING.COM Staff Writer | June 16, 2021 | 8:48 am

Vale, BHP propose $238m DIP financing for Samarco

Samarco's debt with Vale and BHP totals 23 billion reais, while bondholders are owed the equivalent of 26 billion reais.

Reuters | June 15, 2021 | 2:48 pm

Iron ore price up as Western Australia calls for reset on China ties

Australia's biggest exporting state on Tuesday urged Canberra to stop antagonizing China, the country's top trade partner.

MINING.COM Staff Writer | June 15, 2021 | 9:13 am

Iron ore price up after mine closures in Brazil and China

Vale is considering the use of remote-controlled trains near the Xingu dam for the flow of its production.

MINING.COM Staff Writer | June 14, 2021 | 11:38 am

Vale mulls remote-controlled trains to work around risky dam in Brazil

It would take around 60 days for Vale to implement the solution, according to a person familiar with the plan.

Bloomberg News | June 14, 2021 | 11:07 am

Tanzania to add gold to reserves, resume $3 billion iron project

The government wants to raise the contribution of mining to Tanzania’s gross domestic product to 10% by 2025 from the current 6.7%.

Bloomberg News | June 14, 2021 | 9:46 am

The race to green steel is on — will the US take on the challenge?

A forthcoming industrial disruption is inevitable for the US and global steel sector.

Jamil Hijazi | June 13, 2021 | 9:32 am

Iron ore price correction delayed as global steel demand tops 2bn tonnes for first time ever

New report says China’s green push means end of cheap exports, deflating steel prices in rest of the world supporting iron ore prices.

Frik Els | June 11, 2021 | 12:36 pm

Iron ore prices firm up above $200 a tonne

Chinese port stocks drop to four month low while Brazilian exports remain far off guidance.

MINING.COM Staff Writer | June 11, 2021 | 9:08 am

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