Iron Ore Top Stories

Shareholders warn Nippon Steel faces higher decarbonization costs with US Steel takeover

An activist shareholder group said the potential addition of U.S. Steel's 11 blast furnaces to Nippon Steel's operations will almost certainly increase the company's cost of decarbonization.

Reuters | June 20, 2024 | 6:58 am

US-based Capital Group sells Fortescue shares worth $489 million

Shares of the world's fourth-largest iron ore miner have fallen…

Reuters | June 19, 2024 | 7:30 am

Mineral Resources to shut Yilgarn iron ore hub

The decision was partly triggered by the limited remaining life…

Cecilia Jamasmie | June 19, 2024 | 3:55 am

BHP confident in reaching Mariana disaster settlement

Last week, Vale and BHP presented Brazilian authorities with a…

Staff Writer | June 18, 2024 | 10:52 am

Column: China’s steel sector looks a little healthier, or does it?

It's a case of one step forward, two steps back…

Reuters | June 18, 2024 | 10:00 am

How a rattled South Africa became Anglo’s best defence against BHP bid

More than 20% of Anglo shares are held by South African investors.

Reuters | May 30, 2024 | 7:04 am

US Steel, Nippon Steel receive all non-US approvals for merger

The companies expect the merger to be completed in the second half of the year.

Reuters | May 30, 2024 | 6:44 am

Mining M&A slips as firms lawyer-up to fight regulators

The value of deals in the industry declined 12.5% to $74.2 billion this year.

Colin McClelland | May 29, 2024 | 8:44 am

BHP walks away from proposed $49bn takeover of Anglo American

Less than an hour before the 5 p.m. UK cut off, BHP confirmed it had failed to secure Anglo’s board backing and would not proceed with the takeover.

Cecilia Jamasmie | May 29, 2024 | 4:05 am

BHP and Anglo remain split on South Africa as time runs out

BHP has until 5 p.m. London on Wednesday to commit to an offer.

Bloomberg News | May 28, 2024 | 10:32 am

Iron ore price falls to one-week low as weak fundamentals outweigh latest property stimulus

Steel demand remains subdued in China despite the latest property stimulus.

Reuters | May 28, 2024 | 6:00 am

JPMorgan says BHP plan risks $4.3 billion South Africa outflow

Such an outflow, if a deal goes ahead, could weaken the rand.

Bloomberg News | May 27, 2024 | 7:05 am

Iron ore price dips as falling China demand, high shipments weigh

A seasonally slowing demand for steel products will also drag down consumption for iron ore, Sinosteel Futures said.

Reuters | May 27, 2024 | 6:49 am

BHP, Rio Tinto to fast-track electric haul truck trials

The partnership is part of BHP and Rio Tinto’s larger efforts to lower their operational emissions and reach net zero by 2050.

Cecilia Jamasmie | May 27, 2024 | 5:33 am

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