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Iron ore soars as Vale ordered to shut down mines

10 June 2020 - 02:50
Chinese iron ore futures surged on Monday, marking the biggest intraday percentage gain since July 2019, as supply concerns deepened after the country’s second-biggest iron ore supplier Brazil shut down Vale’s Itabira complex due to coronavirus concerns.

Iron ore dominates Australian resource 2018-19 profits

31 May 2020 - 04:13
Australian iron ore producers accounted for the largest share of operating profits in the entire resources sector, including upstream oil and gas and coal mining, during the 2018-19 fiscal year to 30 June. The resources sector, at 8pc of the economy, accounted for more than a fifth of all industry profits.

The CEO of Chadormelo Mining and Industrial Company emphasized Prosperity to produce and create jobs for talented young people

31 May 2020 - 03:01
Referring to the role and position of this value-creating group in the production and economy process, the CEO of Chadormelo added: "Workers are the real capital of any production and industrial unit and certainly no development will take place in production, except with the efforts of workers."

Sierra Leone detains five expatriate managers at iron ore mine

21 May 2020 - 21:57
Five expatriate employees of SL Mining, a subsidiary of London-based Gerald International Ltd., were arrested Wednesday on suspicion of instigating unrest, the mining company said in a statement Saturday.

Iron ore price surges on Brazil covid-19 crisis

21 May 2020 - 21:52
Iron ore prices were closing in on triple digits on Wednesday as optimism about a quick recovery in China, where more than half the world’s steel is forged, combined with supply fears from Brazil, the globe’s number two supplier.

Brazil court revokes decree that halted Vale operations

21 May 2020 - 21:33
A Minas Gerais state court in Brazil has revoked a decree from Brumadinho municipality that suspended Vale’s operating license after health agents said that the company’s onsite activities have “not respected the rules of social isolation.”

Rio Tinto’s Kennecott starts drilling at Frisco

21 May 2020 - 21:31
Rio Tinto’s (NYSE: RIO ASX: RIO) subsidiary Kennecott has kicked off an initial four-hole 2,000m drill program at Alderan Resources’ Frisco copper/gold/silver project in Utah.

Odisha: Serajuddin Mine Cuts Iron Ore Lump Price by INR 500/MT

19 May 2020 - 22:58
Serajuddin- Odisha's major merchant iron ore mine has decreased iron ore lump offers by INR 500/MT (USD 7) effective from today (19 May'20). As per the market participants, miner has decreased prices to INR 3,500/MT (ex-mines, including Royalty, DMF, & NMET) as against last offer of INR 4,000/MT.

Brazil: Vale Resumes Operation at Malaysian Distribution Centre

19 May 2020 - 22:55
Vale through a press release has informed the loading operation resumption at its Malaysian distribution centre (the Teluk Rubiah Maritime Terminal, “TRMT”) on 16th May’20.

Over 64m tons of iron ore extracted in a year

11 May 2020 - 23:00
Iran has extracted 64.274 million tons of iron ore during the past Iranian calendar year (ended on March 19), IRNA reported on Monday, citing the data released by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).
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