Iron ore futures prices continued their fall on Monday to the lowest level in more than four months. The price drop has largely been caused by a drop off in steelmaking in China, the top consumer of iron ore.
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Brazilian miner Vale posted on Tuesday its highest annual iron-ore production since 2018, even after a decline in output in the fourth quarter when the company prioritised higher-margin products.
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The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) ended daytime trade 5.35% higher at 827 yuan ($114.87) a metric ton, the highest since March 13.
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There is a very stark reason that the wind-down of iron ore mining in Australia could be swift and devastating. David Llewellyn-Smith. 3 min read. May 25, 2023 - 2:56PM ... Nationwide News Pty Ltd ...
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The project hosts an iron-ore resource of 16.6-billion tonnes at 29.3% iron, with pilot plant production confirming a high-quality direct reduction concentrate grading 71.3% iron.
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Iron ore shipments leaving Port Hedland, Western Australia in September... 15 October, 2024. Canada; Cyclone Metals announces 7.2-billion-tonne mineral resource for Block 103 Iron Ore Project, Canada. ... Get the …
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With annual production capacity of 120 million metric tons, the Guinea is set to be the world's largest mine for the highest grade of iron ore. Gold Futures $ 2947.1 / ozt -0.29% Micro Gold ...
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(Bloomberg) -- Japanese trading house Mitsui & Co. will buy a stake in an Australian iron ore project for $5.3 billion, in a bet that the global steel industry will need high-quality raw materials ...
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Brazilian mining company Vale has announced its highest annual iron ore production since 2018, despite a decrease in fourth-quarter (Q4) output due to a strategic focus on higher-margin products. The company's production of the steel-making ingredient reached nearly 328 million tonnes (mt) in 2024, a 2% increase from the previous year.
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News, videos and resources All PostsBlogNewsVideo Blog | IOA | February 17, 2023 Taconite Talks video: Iron mining 'keeps our economy going' View
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Mining giant Mineral Resources, which received a five-year royalty holiday from the WA government to keep an iron ore mine open, says further taxpayer assistance would not have affected its ...
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For almost 20 years, the value-added iron ore project slated for the old Butler Taconite location confounded Iron Range communities, Minnesota politicians, and even the project's owners. The idea for a sophisticated new …
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News State iron ore mining. 05 February 2025. Guinea expects Simandou to reach maximum production in second year of operation. The government expects two mines at the deposit to produce 30 million tons of ore each in the first year . News Companies Black Iron. 30 January 2025. Black Iron has leased 248 hectares of land in Kryvyi Rih for ...
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Production rose because of supply chain improvements, with a record amount of iron ore delivered from the Central Pilbara hub. Gold Futures $ 2953.5 / ozt 0.11% Micro Gold Futures $ 2953.3 / ozt 0.11%
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Iron ore, Mineral Resources, Mining services, News, Recruitment Onslow Iron ramps up 'sophisticated' transhipping operation Olivia Thomson Just now February 26, 2025
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The company shipped 328.6 million tonnes of iron ore from Pilbara in 2024. Rio Tinto's iron ore shipments slip, sees global economic resilience - MINING Gold Futures $ 2953.2 / ozt -0.08%
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Cyclone Metals announces 7.2-billion-tonne mineral resource for Block 103 Iron Ore Project, Canada Cyclone Metals (ASX:CLE) has announced a 7.2-billion-tonne maiden mineral resource... 20 June, 2023
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Soaring supply. Surging stockpiles. Collapsing demand. The unsteady future of iron ore has held Australia transfixed in its headlights for more than a year.
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Even at the current price of around $108 a ton, iron ore remains vastly profitable given the cost of producing a ton and getting it to a port in Western Australia is around $23. With Simandou's new high-grade iron ore coming and the need to decarbonize steel production, it could be argued that Australia's golden age of iron ore is coming to an end.
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Vale expects iron ore at upper-end guidance on quarterly output rise. The Brazilian mining giant expects to produce 310-320Mt of iron ore in 2024. 17 July 2024
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The project will also produce iron ore with a 65.3% iron content. This is better than what Rio and its competitors currently mine in Western Australia - the region that produces most iron ore. As Chinese steel mills try to decarbonise their production, high grade iron ore could be more in demand in the coming years.
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Quebec supports mining with hydro-power, streamlined permits and beneficial tax policies, an adviser to the province says. Early government action gives it an edge in the …
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Brazilian mining company Vale has announced its highest annual iron ore production since 2018, despite a decrease in fourth-quarter (Q4)… News Vale initiates commissioning of Capanema iron ore project in Brazil
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Simandou Iron Ore Mine: A Game Changer in the Global Iron Ore Market. The long-awaited commencement of production at the Simandou iron ore mine in Guinea is poised to reshape the global iron ore market landscape. According to reports, the first shipments from this enormous project may hit the waters by the end of this year, with a swift escalation to its peak …
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Agile iron ore miner Fenix Resources has added to its hedge book and now has 660,000t of production this year protected with a price of about A$155/t. ... Sign in here. Unlock the most comprehensive mining finance news with MiningNews. Looking for the industry's top publication for ASX-listed mining activities and market trends? MiningNews ...
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Unions representing tens of thousands of workers in Australia's major iron ore hub are preparing to negotiate potential wage rises. ... MINING TV Watch latest news on MINING TV; February ...
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Mining Company ESG Index: Benchmarking the Future of Sustainable Mining. The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.
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The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy. ... Mining. News. About. Kitco Forum NEW. Jeweler Resources. off-the-wire. BHP's iron ore, copper output surge on mine improvements. By ... Jan 21, 2025 - 5:53 PM. Reuters. BHP Group said ...
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The acquisition will establish a diversified iron ore mining and logistics business for Fenix in WA's major iron ore regions, Mid-West and the Pilbara. Under the agreement, CZR …
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Tasmania likely to get underground iron ore mine. Grange's Savage River magnetite mine would be only such operation in Australia. Haydn Black. Savage River has operated for 55 years 28 February 2024. ... Unlock the most comprehensive mining finance news with MiningNews.
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The world's biggest miners, having cashed in on China's once-rampant demand for iron ore, are starting to reel from the impact of their main customer's economic struggles. BHP Group Ltd ...
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Mining billionaire Robert Friedland's latest venture, iron ore producer Ivanhoe Atlantic Inc., is seeking to raise as much as A$300 million ($190 million) from an initial public offering in ...
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Detailed news coverage on iron-ore providing an overview of South Africa's iron-ore industry and those in the rest of Africa, as well as update readers on the status of top iron-ore projects.
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Iron ore futures prices continued their fall on Monday to the lowest level in more than four months. The price drop has largely been caused by a drop off in steelmaking in China, the top consumer of iron ore. ... Mining news and in-depth feature articles on the latest mining company deals and projects covering trends in mineral exploration with ...
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The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) ended daytime trade 1.06% higher at 810.5 yuan ($111.54) a metric ton.
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Latest. January 24, 2025 | Canadian mining optimistic in face of Trump tariff threat; January 24, 2025 | Aquitaine Metals set to drill in France's historic Limousin gold district; January 24, 2025 | Agnico now owns 94% of O3, extends offer to Feb 3; January 24, 2025 | London Symposium JV Video: Nicola Mining targets cash flow, resource growth; January 24, 2025 | Fortuna posts …
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Underlying half-year earnings are seen slumping roughly 50% for Fortescue the world's fourth largest iron-ore producer. Mining stocks were hammered 19% last year against a 7.5% gain in the broader ...
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