Iron Ore Top Stories

Column: Iron ore outlook dims as China inventories, steel output fade

Recent price moves and data on China's steel sector, which accounts for just over half of global output, have been bearish.

Reuters | August 12, 2024 | 1:12 pm

Indian state-run miner NMDC’s Q1 profit tops estimates on higher prices

Profit for the country's largest state-owned iron ore miner swelled…

Reuters | August 12, 2024 | 11:04 am

Iron ore miners face pay rise bid from Australian worker unions

Unions representing tens of thousands of workers in Australia’s major…

Bloomberg News | August 12, 2024 | 7:17 am

BHP, Rio Tinto, Qantas to invest $53m in Australian carbon credit fund

The fund aims to raise $165m to invest in land…

Reuters | August 12, 2024 | 7:00 am

China’s Baosteel, Baowu Aluminum, Japan’s Kobe Steel to form JV

The new company will produce aluminum sheets for China's domestic…

Reuters | August 8, 2024 | 6:46 am

Anglo American’s South Africa investors open to improved BHP bid

The investors, who collectively hold more than 15% of Anglo American, told FT that BHP would need to sweeten its offer.

Reuters | May 9, 2024 | 2:32 pm

BHP-Anglo American deal raises alarm in Japan’s steel industry

Steelmakers have raised concerns with Australian authorities that BHP could become too dominant in the global supply of coking coal.

Reuters | May 9, 2024 | 7:54 am

Nippon Steel sticks to plan to close US Steel deal by year-end

The takeover should bring Nippon Steel's global crude steel capacity to 86 million tons per year, close to its goal of 100 million.

Reuters | May 9, 2024 | 6:58 am

Brazil court rejects requests to block $15.7 billion from Vale, BHP

A substitute federal judge of a court in Minas Gerais state said the issue had already been resolved in the previous ruling.

Reuters | May 8, 2024 | 1:42 pm

China’s 2024 iron ore imports similar to last year – Vale

Imports by China, the world's biggest buyer, in 2024 are expected to be around 1.17 to 1.18 billion metric tons.

Reuters | May 8, 2024 | 8:54 am

Brazil demands immediate $15.7 billion payment from Vale, BHP for Mariana disaster

The government stated that if this amount is not paid within 15 days, it will petition to block the assets of Vale, BHP, and Samarco.

Bruno Venditti | May 7, 2024 | 9:31 am

South African unions urge Anglo holders to reject BHP bid

BHP’s proposal includes a plan for Anglo to spin off its Johannesburg-listed platinum and iron ore units before an eventual takeover.

Bloomberg News | May 7, 2024 | 7:48 am

BHP insists Anglo American’s South African assets must go in any takeover

BHP sees advantages for South Africa in a distribution of Anglo American stakes in Amplats (78.6%) and kumba Iron Ore (69.7%).

Reuters | May 7, 2024 | 4:46 am

BHP bombshell puts South African mining in a hole

South African officials have so far given BHP’s proposal a mixed reception.

Reuters | May 6, 2024 | 9:51 am

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