China iron ore soars as Rio Tinto cuts shipments forecast
Mining giant Rio Tinto on Thursday lowered its guidance on volumes of iron ore it expects to ship from the key Pilbara producing region in Australia for the third time since April.
Mining giant Rio Tinto on Thursday lowered its guidance on volumes of iron ore it expects to ship from the key Pilbara producing region in Australia for the third time since April.
A conservation group on Thursday sued the Trump administration for withholding documents related to its decision to cancel a 20-year ban on mining in a Minnesota wilderness area.
Eros Copper Corp is focused on copper production in the Vale do Curaca Property in Brazil where it has been operating for 39 years.
It's mulling options to develop the giant iron ore deposit in Guinea, which almost sold last year to its partner in the project Chinalco.
When the preliminary economic assessment was delivered in 2011, the cost of the Pebble project was estimated at US$5.76 billion.
“One of the things we really like in the mining sector at the moment is that large companies like Fortescue are returning cash to shareholders, and not investing in new capacity"
It now expects to produce between 320 and 330 million tonnes of the steel making ingredient in 2019, down from a previous guidance of 333 to 343 million tonnes.
Pala’s offer – equivalent to C$5.75 per share – represents a 66% premium to Cobalt 27’s closing share price of C$3.47 on June 17.
China’s iron ore futures clawed back on Tuesday, after a brief dip in early trade, despite mounting concerns over waning demand at mills.
Toronto-based Power Ore continues to report drill results from the Opemiska copper complex near Chapais.