In election year, South African mines bleed cash, jobsThe country's biggest mining investors are halting plans to spend billions of rand on new projects in response to a slump in profits.Reuters | February 21, 2024 | 7:54 am
Rio Tinto reports 12% profit drop but returns more cash to investorsThe miner said it expects Pilbara production costs to rise…Reuters | February 21, 2024 | 7:50 am
Kumba Iron Ore to cut 490 jobs as rail crisis hits output, shares fallRestructuring to impact 10% of Kumba's workforce.Reuters | February 20, 2024 | 8:18 am
Fortescue to divert carbon offset funds to decarbonization The company also said it will eliminate million liters of diesel it uses per year, rather than offsetting them. Reuters | September 22, 2023 | 8:13 am
Rio Tinto halts mine work as second indigenous site damaged A Pilbara scrub tree and a one square meter rock fell from the overhang of a rock shelter in an area adjacent to the site. Bloomberg News | September 22, 2023 | 8:03 am
Rio Tinto planning more investments in Canada, but rules out bid for Teck CEO praised Teck as a “mining champion in Canada” that has attracted the interest of other multinational miners but said that Rio is not looking to make a major acquisition at the moment. Niall McGee - The Globe and Mail | September 21, 2023 | 4:55 pm
INEOS acquires Norway’s Eramet Titanium & Iron for $245 million ETI consists of an ilmenite transformation plant in Norway producing titanium slag and high-purity pig iron sold to European foundries. Staff Writer | September 21, 2023 | 4:32 pm
Brazil’s comptroller general alleges Vale corrupted inspection in Brumadinho case Agency says Vale corrupted the “integrity” of the federal inspection system in the Brumadinho case. Staff Writer | September 21, 2023 | 11:04 am
JPMorgan raises iron ore price outlook until 2025 While supply is gradually increasing, this is not yet reflected in prices, according to the bank. Staff Writer | September 21, 2023 | 10:06 am
Clean TeQ gets into tailings management business with ATA acquisition Acquisition of ATA technology is part of the firm's targeted expansion into the global mine tailings management industry. Staff Writer | September 21, 2023 | 3:43 am
Cleveland-Cliffs clashes with US Steel as sale process gets underway US Steel has not opened its books to Cliffs even as it accepts initial bids this week, because Cliffs will not agree to its conditions, sources say. Reuters | September 20, 2023 | 4:31 pm
Copper prices may jump 20%, aluminum by 36% as demand outpaces supply: forecast Global copper and aluminum supply deficits may cause prices to soar within a few years while steel may drop, according to a new report on metals. Colin McClelland | September 20, 2023 | 1:46 pm