Iron ore extends gain on easing China demand concern, Fed rate cut bets

China's iron ore imports in the first five months reached 513.75 million tons, a year-on-year rise of 7%.

Reuters | June 7, 2024 | 7:41 am

Vale invests $340 million in Carajás Railway locomotive fleet improvement project

The miner closed a 10-year deal with Wabtec to optimize the maintenance services for its fleet in the Estrada de Ferro Carajás.

Staff Writer | June 6, 2024 | 10:50 am

Brazil seeks $20.7 billion from Vale, BHP over 2015 dam collapse

The government has also set a 12-year period for the payments to be made.

Reuters | June 6, 2024 | 9:39 am

Most energy and mining projects 20% over budget — study

About $1.5bn invested in energy transition-related projects are at risk through 2030, research from Bain & Company shows.

Staff Writer | June 6, 2024 | 2:00 am

MinRes to sell minority stake in Onslow haul road for $864 million

The Onslow iron ore project is a joint venture with giant steelmakers China Baowu, POSCO and Advanced Micro Controls.

Reuters | June 5, 2024 | 8:10 am

Iron ore price hits seven-week low on softening China steel demand, higher supply bets

Iron ore futures extended their decline to a fifth straight session on Wednesday.

Reuters | June 5, 2024 | 7:07 am

Rio Tinto invests $143 million in low-emission steel plant

The facility will focus on BioIron, an iron-making technology developed by Rio that utilizes plant matter as fuel instead of coal.

Cecilia Jamasmie | June 4, 2024 | 5:08 am

Russia proposes raising extraction tax rates on diamonds, gold, iron ore

The proposed tax hikes would be offset by the abolition of export duties linked to the rouble-dollar exchange rate that were introduced in October 2023.

Reuters | June 3, 2024 | 9:57 am

Iron ore price tumbles to lowest in six weeks on China demand concerns

Iron ore inventories at Chinese ports are the highest in more than two years.

Bloomberg News | June 3, 2024 | 7:09 am

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Industry warns sovereign risk in Australia is rising

Vale’s CEO announcement to curb market speculation, says chairman

Fortescue beats dividend payout view, shares rise

Vale names CFO Gustavo Pimenta as next CEO

BHP eyes copper profits as China’s appetite for steel fades

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