MINING.COM

Vale’s fourth-quarter profit falls 35% on higher provisions over dam accident

The miner also announced a pay out to shareholders of about 2.74 reais ($0.5520) per share.

Reuters | February 22, 2024 | 3:43 pm

Nippon Steel’s China assets raise concerns over US deal

The complication for Nippon Steel is that regulators may look unfavorably on whether its acquisition of US Steel could allow more access to US markets for Chinese-sourced steel.

Bloomberg News | February 22, 2024 | 2:46 pm

Anglo American to review assets after writedowns and profit plunge

The miner has announced a $1.6 billion impairment charge on its De Beers diamond business owing to faltering demand.

Reuters | February 22, 2024 | 9:51 am

Anglo American to produce iron ore from Vale’s Serra da Serpentina deposit in Brazil

The miners have signed an agreement to integrate the Serra da Serpentina deposit into the Minas-Rio iron ore complex.

Staff Writer | February 22, 2024 | 8:40 am

Australian iron ore port starts clearing ships ahead of cyclone

Dampier is used by Rio Tinto Group to export iron ore.

Bloomberg News | February 22, 2024 | 7:11 am

Fortescue beats on first-half profit, posts strong dividend

Imports to China, the world's largest iron ore consumer, hit a record high last year on strong demand.

Reuters | February 21, 2024 | 4:24 pm

Rio Tinto board gives go-ahead on Simandou iron ore project

"The board yesterday approved the largest mining project in the world," CEO Stausholm told the Financial Times.

Staff Writer | February 21, 2024 | 9:47 am

In election year, South African mines bleed cash, jobs

The 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 investors

The miner said it expects Pilbara production costs to rise in 2024 due to persistent labor and parts inflation.

Reuters | February 21, 2024 | 7:50 am

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Iron ore price extends gains on China stimulus hopes

Vale seeks go-ahead to build iron ore mine by biodiversity haven

Rio Tinto to pursue development of solar farm for WA iron ore ops

Trafigura and Mubadala plan sale of Brazil iron ore port

Iron ore price heads for weekly fall on profit-taking ahead of key China meeting

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