SteelMint in conversation with trade sources learned that Chinese mills have reduced bid for low grade iron ore fines following steep decline in global iron ore fines index throughout this week. SteelMint’s assessment for low grade (Fe 57%) iron ore fines is around USD 60-62/MT, FoB India or equivalent to USD 75-77/MT, CFR China as against being USD 87/MT, CFR China last month.
News ID: 5771 Publish Date : 2019/08/06
Brazilian miner Vale SA on Wednesday said it swung to a quarterly loss as the company announced more than $2 billion in fresh writedowns related to two deadly dam bursts suffered by the company over a period of less than four years.
News ID: 5640 Publish Date : 2019/08/01
Looking for a long-term bullish signal for copper? Then look no further than Rio Tinto ’s struggles with the Oyu Tolgoi mine and expansion project in Mongolia.
News ID: 5432 Publish Date : 2019/07/23
Guinea has launched an international tender for blocks 1 and 2 of Simandou, giving companies until Aug. 2 to outline their bids, as the country seeks to revive interest in the world’s largest undeveloped iron ore deposit.
News ID: 5410 Publish Date : 2019/07/22
The world’s No.2 miner, Rio Tinto , (ASX, LON, NYSE:RIO) is once again in trouble in Mongolia, but this time it is not related to the government questioning the legitimacy of the ongoing underground expansion of its giant Oyu Tolgoi copper-gold-silver mine, but the costs and schedule of the project.
News ID: 5269 Publish Date : 2019/07/17
Turquoise Hill’s (NSYE: TRQ) stock tanked over 42% on Tuesday, after releasing its Q2 2019 report, revealing costs for the expansion of its Oyu Tolgoi mine could increase by up to $1.9 billion.
News ID: 5268 Publish Date : 2019/07/17
World's second largest iron ore miner- Rio Tinto 's Pilbara depicted fall of 3% in iron ore shipment to 85.4 MnT in Q2 CY19 as against 88.5 MnT in Q2 CY18. The drop is attributed to fall in Apr’19 shipment due to recovery works following tropical cyclone Veronica in Mar’19. However, the shipment recorded significant rise of 24% as compared Q1 CY19 shipment at 69.1 MnT.
News ID: 5252 Publish Date : 2019/07/17
Rio Tinto has unveiled its annual showcase of the world’s rarest pink and red diamonds in a preview at the Argyle mine site in the east Kimberley region of Western Australia.
News ID: 5193 Publish Date : 2019/07/15
Rio Tinto ’s (ASX, LON: RIO) subsidiary Kennecott Exploration has kicked off its drilling campaign at Broadway Gold Mining’s Madison copper-gold project, located in the Butte region of Montana, US.
News ID: 4908 Publish Date : 2019/06/25
Australia - World's largest iron ore exporter has recorded an increase in export shipments by 2% Y-o-Y to 839 MnT in CY18. Major miners in Australia ramped up iron ore production in CY’18. Rio Tinto and BHP Billiton increased iron ore shipments during 2018
News ID: 4242 Publish Date : 2019/04/08
World's second largest iron ore miner- Rio Tinto estimates the overall impact of the cyclone is expected to result in loss of 14 MnT production in 2019.
News ID: 4197 Publish Date : 2019/04/06
Africa-focused Firestone Diamonds (LON:FDI) has put plans to extend the life of its 75%-owned Liqhobong mine in Lesotho on the back burner, saying that current market conditions don’t support the project.
News ID: 4169 Publish Date : 2019/03/30
Shares in Petra Diamonds (LON:PDL) jumped more than 8% on Friday after the miner announced it had dug up a 425.1 carat, D-colour, Type II gem quality diamond at its iconic Cullinan mine in South Africa.
News ID: 4166 Publish Date : 2019/03/29
Africa-focused Gem Diamonds (LON:GEMD) has sold a 13.33 carat pink diamond recovered at its flagship Letšeng mine in Lesotho last month for $8.8 million.
News ID: 4026 Publish Date : 2019/03/14
Rio Tinto is in talks to move into the next phase of an agreement with Apple, Chief Executive Jean-Sebastien Jacques said on Friday, as the miner looks to transition its aluminium business to tap a low-carbon economy.
News ID: 3905 Publish Date : 2019/03/08
Iron ore mining giant Rio Tinto 's (LON: RIO) shares dropped more than 7% on the London Stock Exchange Thursday, following two consecutive analyst downgrades.
News ID: 3902 Publish Date : 2019/03/08
Mining giant Rio Tinto ’s (ASX, LON:RIO) relentless search for a major copper deposit may have finally paid off as it announced it had made a promising find at its Winu prospect in Western Australia.
News ID: 3776 Publish Date : 2019/02/27
Rio Tinto ’s (ASX, LON:RIO) investors will be celebrating Christmas in February as the miner is giving them a $4 billion special dividend, or $2.43 cent a share, after posting its highest annual underlying earnings since 2014.
News ID: 3775 Publish Date : 2019/02/27
The world’s No.2 iron ore miner, Rio Tinto , (ASX, LON:RIO) was forced to close part of its Cape Lambert export terminal in Western Australia after a fire damaged part of the installations.
News ID: 3227 Publish Date : 2019/01/11
In October, the U.S. Securities and Exchange Commission (SEC) adopted a final rule that overhauls its existing disclosure requirements for mining company issuers.
News ID: 3131 Publish Date : 2019/01/01