Vale sees 10% of its iron ore production coming from tailings by 2030
Brazilian miner Vale expects that by 2030 some 10% of its iron ore output will come from the reuse of mine waste known as tailings, an executive told Reuters, reducing the amount of potentially dangerous material still stored in dams.
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Iron ore price soars to over one-week high on upbeat seasonal demand outlook
Iron ore futures prices surged on Thursday to hit their highest in more than a week, as prospects of improved seasonal demand in China outweighed concerns over the top consumer’s economic recovery.
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Iron ore price sinks as steel group warns of ‘flash in a pan’ recovery
Iron ore slumped to its lowest level since 2022 and traded near $90 a ton as China’s main steel industry group advised mills to be cautious in boosting output too quickly to avoid snuffing out a post-summer recovery.
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Liberia conditionally lifts shutdown order on China Union’s iron ore mines
Liberia conditionally lifted a shutdown order on China Union’s iron ore Bong Mines, the government said in a statement on Wednesday.
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Trafigura strikes $400 million cash-for-iron ore deal With MinRes
Trafigura Group has struck a $400 million prepayment deal for iron ore with Mineral Resources Ltd., as the Australian miner focuses on preserving cash amid a downturn in its two main commodities.
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Mineral Resources tightens belt after lithium, iron ore prices fall
Australia’s Mineral Resources (ASX: MIN) is slashing costs to ride out the weak lithium price but founder and chief executive Chris Ellison said the company wasn’t panicking.
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Iron ore’s ‘irrational’ rally past $100 triggers warning from Chinese media
Iron ore has jumped by about 10% in 10 days to breach $100 a ton, prompting the official journal of China’s metals industry to pen a long article on why the gains are overdone.
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Kumba to invest further $428 million in iron ore processing plant upgrade
South Africa’s Kumba Iron Ore will invest an additional 7.6 billion rand ($428 million) in processing technology that will treble premium quality production at its Sishen mine, it said on Thursday.
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Vale’s new CEO to focus on boosting iron ore despite weak demand
Vale SA’s next chief executive officer has been tasked with maximizing iron ore output to boost efficiencies at the Brazilian mining giant despite China’s fading appetite for the steelmaking ingredient.
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Iron ore price rebounds past $100 after Chinese stockpiles shrink
Iron ore extended a rebound with China’s massive inventories of the steelmaking staple continuing to drop, a tentative sign that a period of severe oversupply is starting to ease.
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Iron ore price hits over 14-month low on weak China property data
Iron ore futures prices extended their declines to a fourth straight session on Thursday, hitting their lowest level in more than 14 months, as persistently weak property data in top consumer China exacerbated pessimism over the demand outlook.
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Iron ore outlook dims as China inventories, steel output fade
The price of iron ore has dropped for a sixth consecutive week as China’s steel sector continues to struggle and port inventories of the raw material stop rising.
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Iron ore miners face pay rise bid from Australian worker unions
Unions representing tens of thousands of workers in Australia’s major iron ore hub are preparing to negotiate potential wage rises with the biggest mining companies in the world, including BHP Group Ltd. and Rio Tinto Ltd.
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Iron ore price hits 2-week high on improved Chinese economic outlook
Iron ore futures prices hit a two-week high on Monday, buoyed by an improved Chinese economic outlook following strong services data and continued stimulus expectations from the world’s biggest consumer.
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MSC wants to provide 4.5 million tons of iron ore
Mining News Pro - Mobarake Steel Company is the buyer of about 7.5 million tons of concentrate for the pelletizing unit.
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Iron ore price rises to more than 1-week high on upbeat demand outlook
Iron ore futures prices rose to a more than one-week high on Thursday, buoyed by top producer Rio Tinto’s optimistic demand outlook for top consumer China and continued hopes of more stimulus from the world’s second-largest economy.
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Guinea’s Simandou iron ore project seen aiding climate goal
Guinea’s giant Simandou iron ore project, which is expected to start exports in two years’ time, is set to contribute to the world’s decarbonization efforts, according to Rio Tinto Plc.
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Kumba Iron Ore sees new South Africa government open to rail reform
Anglo American Plc’s South African iron ore unit said the country’s new government is committed to grappling with logistics bottlenecks that are limiting exports, while acknowledging the problem could take several years to resolve.
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Iron ore majors ramp up supply even as China faces challenges
The world’s biggest iron ore producers are hurling plenty of dirt, adding tons of the steel-making commodity to the seaborne market even as top user China battles a demand-sapping property crisis.
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Iron ore price slumps to 3-week low on weak China demand
Iron ore futures prices slumped to a nearly three-week low on Wednesday, undermined by weak seasonal demand from top consumer China and mounting global supply.
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Rinehart’s Hancock weighs $3.3 billion iron ore mine project
Australian billionaire Gina Rinehart’s private company, Hancock Prospecting Pty Ltd., is considering the development of a $3.3 billion iron ore project in Western Australia.
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BHP posts second straight year of record iron ore production
BHP Group on Wednesday reported record annual iron ore production for a second consecutive year, helped by improved weather conditions and higher contribution from its South Flank operations in Western Australia.
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Vale sees iron ore output at high-end of 2024 guidance after Q2 rise
Brazilian miner Vale SA expressed confidence on Tuesday that it would reach the high-end of its 2024 guidance for iron ore production after output increased in the second-quarter.
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Trafigura and Mubadala plan sale of Brazil iron ore port
Trafigura Group and Mubadala Capital are exploring the sale of a Brazilian iron-ore port terminal operator they acquired from former billionaire Eike Batista about a decade ago, according to people familiar with the matter.
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Iron ore price heads for weekly fall on profit-taking ahead of key China meeting
Iron ore futures are set for a weekly fall amid a flurry of profit-taking, ahead of top consumer China’s third plenum, although growing expectations of US rate cuts pushed up prices on Friday.
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