MINING.COM

Vale to slash iron ore output target, but opening world’s largest mine in 2016

The miner is likely to cut its iron ore output target for the year from 376 million tonnes to 355 mt, says independent investment bank BTG Pactual.

Cecilia Jamasmie | November 25, 2015 | 6:35 am

Iron ore price hits record low

Chorus predicting iron ore in the $30s before the end of the year grow louder as Chinese buying dries up.

Frik Els | November 24, 2015 | 11:21 am

BHP hits fresh 7-year low as mud from Brazil disaster reaches Atlantic Ocean

The news came as the price of iron ore continues its month-long retreat, diving to a fresh 10-year low Tuesday to $43.69, according to The Metal Bulletin index.

Cecilia Jamasmie | November 24, 2015 | 6:12 am

RAB’s Philip Richards: Why a gradual bull market in metals is on its way

After five trying years, RAB Capital Founder and President Philip Richards sees the light at the end of the tunnel.

The Gold Report | November 23, 2015 | 4:04 am

Goldman: Iron ore price to decline next two years

"Prices must overshoot relative to marginal production costs in order to trigger mine closures on a sufficient scale."

Frik Els | November 20, 2015 | 1:58 pm

Judge throws out multi-billion dollar Rio lawsuit against Vale

Rio Tinto said Vale conspired to "steal" the Australian giant's massive Simandou concession in Guinea.

Frik Els | November 20, 2015 | 10:50 am

Commodity prices have not bottomed yet — Goldman Sachs

Unless demand picks up or more miners cut output, prices for raw materials are set to stay low for years, or worse, continue to drop, the investment bank predicts.

Cecilia Jamasmie | November 20, 2015 | 9:01 am