Weak steel demand puts pressure on iron ore prices, BofA says
Bank of America warns weak steel demand will mean “further room to the downside” for iron ore prices. “In our view, with our base case of annual crude steel production…
Iron Ore
BHP loses appeal to multibillion lawsuit over Samarco disaster
BHP (ASX: BHP) said on Friday it had lost an appeal in a London court seeking to block an over £5 billion (US$6 billion-plus) lawsuit by 200,000 Brazilians over a…
Political changes boost risk for miners in Latin America
Demands for higher revenues from companies, tougher environmental rules and changes to laws have deepened risks across Latin America, index shows.
PDAC 2022: Rio Tinto unveils changes following workplace survey that uncovered racism, harassment
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is designing new reporting mechanisms for its employees and training modules for top leaders to spot “unacceptable” behaviours in the workplace, the…
Workers at Baffinland ask Canada to approve mine expansion
Unionized workers at Mary River iron ore mine are asking Ottawa approve the miner’s request to increase shipping limit.
BSGR to pay Guinea US$5.6M after losing case over Simandou
BSG Resources, the mining arm of Israeli tycoon Beny Steinmetz’s empire, secured the rights to the vast Simandou iron ore project in Guinea through corrupt practices, and international tribunal has ruled. The…
Champion Iron acquires pellet plant Quebec, partners with steelmaker on FS
Champion Iron (TSX: CIA; US-OTC: CIAFF) has entered into a definitive purchase agreement to acquire the Pointe Noire iron ore pelletizing facility located in Sept-Îles, Que., directly adjacent to the…
Review board rejects Baffinland expansion plans in Nunavut
Baffinland Iron Mines’ proposed expansion of its Mary River iron ore operation on the northern tip of Baffin Island, in Nunavut, has suffered a major blow after a review board…
Brumadinho won’t break Vale, but the piper still hasn’t been fully paid
Vale, one of the world’s biggest producers of iron ore and nickel, has been in the news a lot lately. The Brazilian miner has been making strikes towards “green” credentials…
Mining Indaba: Global fractures over Russia-Ukraine war trigger big policy, market shifts – Veracity Worldwide
Russia’s war on Ukraine is dividing the global order along fault lines, and Africa risks being caught in the middle, the Investing in Africa Mining Indaba heard this week. Veracity…
Mining Indaba: Marampa Mines commissions 3.25mtpa iron ore expansion
The Gerald Group-owned Marampa Mines Limited has commissioned a 3.25 million tonnes per annum expansion of the namesake iron ore mine in Sierra Leone. The expansion follows a restart of…
Plunging metals prices expected to rebound in H2 – report
Enduring Covid-19-linked lockdowns in the world’s largest metal consumer, China, are negatively impacting demand from end-use industries and sentiment towards the complex, resulting in lower metals prices, a new report…