Gol Gohar’s iron ore extraction reached 152 percent this year

Mining News Pro - In the first half of this year, GolGohar Mining and Industrial Company extracted 152 percent of iron ore.

Iron ore benchmarks diverge as China tries to cool prices

Mining News Pro - The two main spot prices for iron ore diverged last week, with Singapore-traded contracts gaining but China’s domestic futures posting a decline.

Obtaining safe and reliable iron ore reserves for the continuation of MSC production

Mining News Pro - In an interview with Foolad Radio, the director of mineral processing of Mobarakeh Steel Company stated: “Access to reliable iron ore reserves is for the continuation of the production of Mobarakeh Foulad Group.”

Iron ore price eyes fifth weekly gain despite China intervention

Mining News Pro - Iron ore futures erased earlier losses and are set for their fifth weekly gain on Friday as property support-led optimism in top consumer China outweighed headwinds from the latest intervention from authorities.

Union withdraws industrial action at BHP’s Pilbara iron ore operations

Mining News Pro - A union representing train drivers at BHP’s Pilbara iron ore operations in Western Australia has withdrawn industrial action ahead of an updated employment offer from the mining giant, a union representative told Reuters on Friday.

China to tighten oversight on iron ore market after price rally

Mining News Pro - China’s state planner said on Thursday that it would closely monitor changes in the iron ore market and further tighten supervision of spot and futures trading in its latest effort to curb a rally in the price of the key steelmaking ingredient.

Iron ore price logs second weekly gain on China stimulus, sound fundamentals

Mining News Pro - Iron ore rose for a second consecutive week, underpinned by stimulus-related optimism and supportive fundamentals in top consumer China, although gains narrowed on Friday on fear of possible government supervision.

The world’s iron ore powerhouse is preparing to reinvent itself

Mining News Pro - Vast heaps of crushed brown rock hem the Indian Ocean at Western Australia’s Parker Point port — each a stockpile of 200,000 tons of iron ore, ready to be poured into a procession of bulk carriers bound for Asia’s steel mills.

Rio Tinto, Aboriginal group sign first solar deal for WA iron ore region

Mining News Pro - Rio Tinto has signed an initial agreement with the Yindjibarndi people and Philippines’ ACEN to look at options to develop green energy supplies for its operations in the world’s biggest iron ore region.

Rio Tinto aims to add more iron ore with stronger China outlook

Mining News Pro - Rio Tinto Group, the world’s no. 2 miner, will aim to boost iron ore output with a stronger outlook in China and as urbanization in India and across parts of Asia drives new steel demand growth.

Brazil’s Batista brothers to invest $1 billion to boost iron ore mines

Mining News Pro - The billionaire Batista brothers behind Brazilian beef giant JBS SA are preparing to invest more than $1 billion to expand production at mines they acquired last year from Vale SA.

Rio Tinto’s Q3 iron ore shipments rise marginally on Gudai-Darri strength

Mining News Pro - Rio Tinto reported a 1.2% rise in its third-quarter iron ore shipments on Tuesday, as the Anglo-Australian miner ramped up production at its Gudai-Darri mine.

Vale creates company to sell sand from iron ore tailings

Mining News Pro - Brazilian miner Vale said on Tuesday it has created a company that will sell and distribute sand obtained from its iron ore tailings, part of its efforts to reduce the disposal of such materials in dams or piles following major disasters.

Rio Tinto’s Q3 iron ore shipments rise marginally on Gudai-Darri strength

Mining News Pro - Rio Tinto reported a 1.2% rise in its third-quarter iron ore shipments on Tuesday, as the Anglo-Australian miner ramped up production at its Gudai-Darri mine.

Vale creates company to sell sand from iron ore tailings

Mining News Pro - Brazilian miner Vale said on Tuesday it has created a company that will sell and distribute sand obtained from its iron ore tailings, part of its efforts to reduce the disposal of such materials in dams or piles following major disasters.

Rio Tinto cuts Canadian iron ore guidance

Mining News Pro - Rio Tinto has once again cut production targets for its iron ore operations in Canada, citing extended plant downtime and conveyor belt failures.

Iron ore billionaire’s lithium raid leaves investors guessing

Mining News Pro - Gina Rinehart, Australia’s richest woman, has muscled in on one of the largest battery-metals deals to date, building a near-17% stake in Liontown Resources Ltd. and threatening its A$6.6 billion ($4.2 billion) takeover by US giant Albemarle Corp.

Iron ore price rises as output in Chinese steel mills hits highest since October 2020

Mining News Pro - Iron ore prices rose on Thursday helped by higher hot metal output data in China.

China scoops up cheap Indian iron ore in bid to trim steel costs

Mining News Pro - Indian iron ore exports have surged this year as steel mills, mainly in the biggest buyer China, switched to lower-grade, cheaper feed in the face of dwindling profits.

Rio Tinto shoulders Simandou iron ore bill as Chinese funds delayed

Mining News Pro - Rio Tinto has been solely funding preparatory work at the blocks it holds at Simandou, one of the world’s largest untapped iron ore deposits, as its Chinese partners are yet to make their funds available, two sources close to the matter said.

Iron ore price rallies on China fundamentals, but cap looms

Mining News Pro - The spot price of iron ore has climbed to a five-month high amid improving sentiment and some supportive fundamentals in China, the world’s top buyer of the steel raw material.

Iron ore price climbs as China’s PBOC cuts rates to support recovery

Mining News Pro - Iron ore gained and copper fluctuated as China’s central bank cut rates to support a sputtering recovery, with another slew of data underscoring challenges across Asia’s largest economy.

Rio Tinto inks infrastructure deal for Simandou iron ore project

Mining News Pro - Rio Tinto on Friday concluded key agreements with the government of Guinea and Winning Consortium Simandou (WCS) on the trans-Guinean infrastructure for the Simandou, one of the world’s largest deposits of iron ore.

China’s new state-run agency explores expanding into spot iron ore procurement

Mining News Pro - The state-backed China Mineral Resources Group (CMRG) is exploring ways to cooperate with market participants on procuring spot iron ore cargoes, state-owned China Metallurgical news said in an update on its WeChat account late on Tuesday.

Sweden’s H2 Green Steel lines up Vale, Rio Tinto for iron ore supply

Mining News Pro - Swedish metal and hydrogen company H2 Green Steel (H2GS) said on Wednesday it has signed multi-year deals with miners Rio Tinto and Vale for the supply of iron ore pellets from Canada and Brazil.

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