After a long-awaited assessment of the facility’s export capability, Port Hedland, Australia’s most profitable export business, will be allowed to boost its iron ore exports significantly.
Since Vale and other producers were forced to shut down mining and rails in the iron ore hub of Minas Gerais state in southeast Brazil due to heavy rains, benchmark China iron ore import prices have recovered.
In China’s total iron ore imports, Australian iron ore will fall below 60 percent in 2022. Due to weather disruptions and labor shortage worries, Australian iron ore shipments to China remained robust in January despite rising market prices.
The Gudai-Darri project’s new greenfields mine has been delayed, resulting in a somewhat weaker-than-expected iron ore shipping prediction from Rio Tinto on Tuesday. According to a statement from the world’s largest iron ore producer, it aims to export between 320 and 335 million tonnes (Mt) of iron ore out of the Pilbara area in Western […]
Permanent border restrictions imposed due to the current coronavirus outbreak in Western Australia, the world’s largest iron ore and lithium mining area, have limited the movement of fly-in, fly-out employees between states. A development boom on the east coast, fueled by the government, is forcing miners to compete harder for competent labor when they need them most.
Both companies have held early conversations regarding the possibility of developing Vale’s Serpentina deposit, which is adjacent to Anglo American’s Minas-Rio iron ore plant in Brazil, together, according to Anglo American’s press release. While Anglo did not disclose the specifics of its “processing and logistical infrastructure,” Vale has said that the cooperation might use Anglo’s […]
In 2021, the price of iron ore took a wild journey. In May, prices soared to a high of $237 per tonne before plummeting to around $85 in November on China’s vow to cut steel production. The iron ore price surge was considered to be over in November. However, in recent weeks, the metal has […]
It’s been a year unlike any other. Iron ore, a leading indicator of the Chinese economy and a major driver of the Australian currency, is enjoying its wildest year ever. Prices soared to a high of more than $230 a tonne in May, plummeted to around $85 in November as a result of a government […]
Vermillion Gold Inc. (VGI) submitted a proposed plan to explore metallic mineral deposits on leased state mineral rights about 11 miles southeast of Big Fork, Minnesota in Itasca County. VGI’s plan proposes drilling exploratory borings. VGI drilled exploratory borings in the area last winter and as recently as this fall. This winter, VGI plans to […]
Earlier this month, Greenland announced that it had revoked a Chinese mining firm of its rights to an iron ore mine near Nuuk, striking a significant setback to Chinese efforts to establish a presence on the resource-rich Arctic island. When former owner London Mining went bankrupt, the Isua mining project was taken over by General […]