Iron ore price rallies on record-breaking China steel output

New Citigroup report predicts low $40s by end of the year, early 2018.

The world’s largest mining company announced that Ken MacKenzie has been elected to succeed Jac Nasser

Up to 130 jobs could be created in Ohio at a new iron ore processing facility to be operated by Cliffs Natural Resources (NYSE:CLF).

A consortium of companies including Korean steel juggernaut POSCO has made a bid for Arrium, a major Australian iron ore miner and steelmaker.

Workers at the mine downed tools over a week ago, angered by the company’s actions to eradicate illegal miners from its operations.

The country will require local miners to be 30% black-owned and has set a 12-month deadline for them to comply with the new rules.

Miners at the closed-down Wabush Mines in Labrador could be back on the job thanks to the recent signing of a collective agreement with the union.

The $338 million-project will take annual mine capacity from 5 to 10 million tonnes.

Is the bad and the ugly over and the good returning to the mining industry? PwC seems to think so.