A railcar dumper at the East Intercourse Island (EII) port facility, which handled 45 million tonnes of Rio's iron ore shipments in 2024, experienced severe flooding this week.
The Ohio-based company is North America’s largest flat-rolled steel producer and controls a vast network of mines and shipping lanes on the Great Lakes carrying iron ore.
World’s top 50 mining companies build on gains in the first quarter of 2023, but remain well below valuations this time last year as M&A fever grips the sector.