Iron Ore Top Stories

Rio Tinto chief pledges response after harassment class action

Jakob Stausholm said he is "devastated" over the news of sexual harassment lawsuits against the company.

Reuters | December 12, 2024 | 6:50 am

Vale to build iron ore briquette plant in Louisiana with $283m financing from US

The DOE financing will be through 2031.

Reuters | December 11, 2024 | 1:55 pm

BHP, Rio Tinto face sexual harassment class actions in Australia

Miners are accused of fostering environments at Australian sites where…

Staff Writer | December 11, 2024 | 10:21 am

Biden plans to finally kill Nippon Steel bid for US Steel

Nippon Steel and US Steel are poised to pursue litigation…

Bloomberg News | December 10, 2024 | 1:08 pm

Guinea plans sovereign wealth fund backed by iron ore income

The African nation's Simandou mine is expected to start production…

Bloomberg News | December 10, 2024 | 9:29 am

Mining CEO salaries rise, but gender diversity remains elusive, report finds

Chief executive base salaries in the mining industry increased between 2% and 12% in 2023, the report says.

Henry Lazenby - The Northern Miner | November 27, 2024 | 7:17 am

Iron ore price advances as China’s stronger steel production outweighs its soft data

Demand remains soft in the crisis-hit economy, with consumer prices at a four-month low.

Reuters | November 27, 2024 | 6:29 am

Aluminum, steel most exposed metals to Trump tariffs, Citi says

A 25% tariff as announced by Trump on Monday would likely cause steel prices to rise by $100 to $150 a short ton, the analysts said.

Bloomberg News | November 26, 2024 | 2:42 pm

Iron ore price rises on firmer steel outlook, but trade tensions cap gains

Lower Chinese steel product inventory driven by robust exports also supported iron ore prices above $100/t.

Reuters | November 25, 2024 | 10:45 am

Iron ore weakness to continue into 2025 and beyond, says Fitch Solutions’ BMI

Looking beyond 2024-2025, BMI analysts maintained their view that iron ore prices will likely follow a multi-year downtrend.

Staff Writer | November 24, 2024 | 10:05 am

US bars more food, metal imports over China’s alleged forced labor

US authorities say Chinese authorities have established internment camps for Uyghurs and other religious and ethnic minority groups.

Reuters | November 22, 2024 | 8:01 am

Sierra Leone woos miners to clean energy with $11 billion plan

Most mining firms rely on their own diesel supplies to extract iron ore, diamonds, rutile and bauxite in the resource-rich country.

Bloomberg News | November 21, 2024 | 7:35 am

Brazil’s Gerdau buys out Sumitomo Corp and JSW in Gerdau Summit

The transaction is expected to close in early 2025.

Reuters | November 21, 2024 | 7:22 am

Beleaguered Ellison faces MinRes shareholders

The board of under-siege Mineral Resources faced grilling in Perth over a governance scandal, amid unexpected expressions of support.

Kristie Batten | November 21, 2024 | 6:04 am

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