Iron Ore Top Stories

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…

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…

Reuters | September 20, 2024 | 7:58 pm

Nippon Steel to sell $211 million in assets to manage debt amid US Steel deal

Nippon Steel plans to sell at least 30 billion yen…

Reuters | September 20, 2024 | 7:33 am

Rinehart’s Hancock Prospecting secures permit for McPhee iron ore mine

The McPhee Creek project, about 100km north of Rinehart's Roy…

Staff Writer | September 20, 2024 | 4:04 am

Indigenous groups block Vale’s Carajás Railroad in Pará

The miner has an injunction to release the Carajás Railroad, used to transport iron ore produced from the Northern System.

Bruno Venditti | July 26, 2024 | 9:11 am

Vale on track to hit top end of iron ore guidance, CEO says

Vale guidance for iron ore production in 2024 is between 310 million and 320 million tonnes.

Staff Writer | July 26, 2024 | 8:49 am

Vale says Q2 net profit triples, iron ore sales up

The net profit was 65% higher than in the first quarter, when it totaled $1.68 billion.

Reuters | July 25, 2024 | 3:53 pm

Brazil government mulls ‘tougher measures and sanctions’ on Vale, minister says

Brazil's government has regularly criticized the miner for two dam collapses in Minas Gerais state, and for not investing enough in the country.

Reuters | July 25, 2024 | 11:28 am

Iron ore price drops further as strong supply, China steel sell-off weigh

The most-traded September iron ore contract on China's Dalian Commodity Exchange fell for a fifth straight session.

Reuters | July 25, 2024 | 8:57 am

Anglo American takes fresh $1.6bn writedown on UK fertilizer mine

Charge weighed on the miner’s swinging to a loss and it comes amid a company overhaul that involves shedding four of its units.

Cecilia Jamasmie | July 25, 2024 | 3:46 am

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Top miners’ reclamation obligations could surpass industry’s total debt by 2033

Iron ore price hits over 1-year low on soft China demand prospects, firmer supply

Incoming CEO of Vale to start Oct. 1

Nippon Steel to sell $211 million in assets to manage debt amid US Steel deal

Rinehart’s Hancock Prospecting secures permit for McPhee iron ore mine

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Indigenous groups block Vale’s Carajás Railroad in Pará

Vale on track to hit top end of iron ore guidance, CEO says

Vale says Q2 net profit triples, iron ore sales up

Brazil government mulls ‘tougher measures and sanctions’ on Vale, minister says

Iron ore price drops further as strong supply, China steel sell-off weigh

Anglo American takes fresh $1.6bn writedown on UK fertilizer mine

Fortescue to step up energy spending despite job cuts

Fortescue forecasts higher annual iron ore shipments

Vale to develop low-carbon mega hubs in Brazil, US, and Middle East within a year