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Brumadinho dam disaster keeps hurting Vale: iron ore output falls 34%

22 July 2019 - 22:53
Brazil’s Vale (NYSE:VALE), the world’s No.1 iron ore miner, saw output of the steelmaking commodity collapse by almost 34% in the second quarter of the year, compared to the same period in 2018.

Guinea seeks developers for Simandou iron ore deposit

22 July 2019 - 22:37
Guinea has launched an international tender for blocks 1 and 2 of Simandou, giving companies until Aug. 2 to outline their bids, as the country seeks to revive interest in the world’s largest undeveloped iron ore deposit.

Quarterly sponge iron output up 13% year on year

22 July 2019 - 21:33
Production of sponge iron in Iran rose 13 percent during spring, which corresponds to the first quarter of Iranian calendar year, compared to the same period of time in the past year, IRNA reported on Monday.

Tata Steel aiming for 30mn t/yr capacity by 2025

22 July 2019 - 11:52
Indian private-sector firm Tata Steel is aiming to expand its crude steel capacity to 30mn t/yr by 2025, from around 20mn t/yr currently.

India: Entire Quantity Booked in OMC's Koira Sub-grade Iron Ore Fines Auction

20 July 2019 - 15:38
SteelMint has learned from the market sources that Odisha’s state-owned miner- Odisha Mining Corporation (OMC) had scheduled an auction for sub-grade iron ore (Fe 56%) fines yesterday (i.e. on 18th Jul'19).

Anglo American’s diamond unit takes sparkle away from results

19 July 2019 - 15:51
Global miner Anglo American (LON:AAL) posted Thursday a 2% increase in overall production during the three months leading to June 30, helped mainly by its giant Minas-Rio iron ore mine in Brazil, but cut diamond guidance for the year as sales remain weak.

Australia: Iron Ore Exports Surge 18% in Q2 CY19

18 July 2019 - 21:02
Australia - world's largest iron ore exporter has recorded rise in iron ore shipment for second quarter CY19, according to the vessel line up data maintained with SteelMint. Australia's iron ore export shipments recorded at 222.49 MnT in Q2 CY'19, up 18% as compared to 187.91 MnT in Q1 CY'19.

Iron ore price spike widens concentrate discounts

18 July 2019 - 14:31
Floating discounts for iron ore concentrates have widened into China this month, including for higher-quality brands like 67-68pc Fe Minas Rio, as big moves in the underlying indexes and competition from domestic ores pressure discounts downward.

NMDC seeks to restart iron ore mine in Karnataka

18 July 2019 - 14:26
India's state-controlled NMDC has secured a favourable court order to restart operations at its 6mn t/yr Donimalai iron ore mine in the southern state of Karnataka, which has been shut down because of a royalty dispute with the state government.

Anglo American ramps up 2Q iron ore, coking coal output

18 July 2019 - 14:22
UK-South African mining firm Anglo American increased coking coal production in the second quarter after completing longwall moves. Its global iron ore output continued to rise following a restart at the Minas-Rio mine in Brazil.
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