That was supposedly the breakeven price for the rump of Chinese iron ore miners who were collectively too big to fail for the Chinese steel industry. WA iron ore miners like Fortescue learned the ...

Iron ore has defied predictions of a slump by surging about 16% in the past six weeks, buoyed by Beijing's efforts to support its struggling steel-intensive property sector. The metal is ...

Macquarie Bank last week forecast a 74% increase in BHP's profit for the year to June 30 with earnings tipped to rise from $7.8 billion to $13.6 billion with the lion's share of the profit ...

Simply sign up to the Mining myFT Digest -- delivered directly to your inbox. The world's biggest mining project, a $20bn iron ore, rail and port development in a remote corner of west Africa ...

China's peak demand for iron ore has likely passed, and the rebalancing of steel from construction to export sector may see iron ore caught up in increasing trade tensions. Updated Apr 18, 2024 ...

Standardized mortality ratios for myocardial infarction (MI) were elevated among iron-ore miners aged ≤60 years but not iron-ore miners aged >60 years. 35 Iron-ore miners aged ≤60 years exposed to hand-arm vibration had significantly increased risk of MI mortality with increased vibration doses, whereas those aged >60 years with the …

The Anglo-Australian miner owns two of four Simandou mining blocks as part of its Simfer joint venture with China's Chalco Iron Ore Holdings (CIOH) and the government of Guinea, where the mine ...

Full-year Iron Bridge shipments are forecast to be 2 million to 4 million tons, down from 5 million tons. It kept its overall full fiscal-year shipment forecast unchanged at 192 million to 197 million tons. Shares were up 1.5percent at A$28.83 ($18.96) amid strength in major miners. Prices of the low-grade iron ore that Fortescue mainly ...

The Chinese iron ore miner in our backyard. Fortescue Metals Group has already responded to this shift in the iron ore market with the development of the US$3.9 billion Iron Bridge magnetite mine, which will produce 22Mtpa of 67% Fe plus iron ore once fully operational.

The delays come as Fortescue and Chinese state iron ore buyer China Mineral Resources Group (CMRG) - set up in July 2022 to centralise purchasing and gain more bargaining power with global mining firms - negotiate a 2024 procurement deal. ... Australia's big three iron ore miners Rio, BHP and Fortescue have kept tight-lipped on …

Rival Anglo-Australian miner Rio Tinto declined to comment. ... "The comments over the last few years clearly indicate that China is not happy with iron ore prices over $100 a tonne," Lawcock ...

Vale S.A. (NYSE:VALE), Rio Tinto Group (NYSE:RIO), and BHP Group Limited (NYSE:BHP) are met by Novolipetsk Steel (MCX:NLMK.ME) in our list of the world's largest iron ore companies. 11 ...

1. Vale. Brazil's Vale is the world's largest iron ore miner, producing nearly 300 million metric tons of the vital steelmaking ingredient in 2021. That staggering output is more than double any other company's annual iron ore production. What truly sets Vale apart is its rock-bottom production costs in the industry.

Copper and iron ore prices are diverging . Prices of copper and iron ore diverging quickly with copper prices surging above $9,000/t, while iron ore is trading closer to the $100/t level.China's concerns over the ongoing property crisis have weighed on the iron ore market, while copper benefits from rising demand for electric vehicles (EVs) …

Top five largest iron ore producing companies in the world in 2020. 1. Vale – 300 million tonnes. Brazilian miner Vale was the world's top producer of iron ore in 2020, with an output totalling just over 300 million tonnes – a small decline from 2019 when it produced 302 million tonnes of the metallic ore. The Carajás mine in northern ...

Chinese iron ore miner Hainan Mining Co Ltd said on Monday it would invest 1.065 billion yuan ($164 million) in a plant to make battery-grade lithium hydroxide as it looks to cash in on booming ...

A woman photographs lanterns and decorations to mark Chinese Lunar New Year in a Beijing park. Credit: AP The share prices of all three miners started 2024 at record highs, with iron ore prices ...

Miners like Zijin Mining, China Minmetals and others are likely to examine closely a deal that creates the world ... But state iron ore buyer China Mineral Resources Group may also step in. Set up ...

China Iron & Steel Association is looking into whether miners have deliberately restricted supplies to send prices soaring; Price of iron ore was about US$153 per tonne on Wednesday, after ...

The iron ore miner died of the fatal lung disease pneumoconiosis in 2018. The film, which Jiang started making in 2010, has scored 8.6 out of 10 on Douban, China's leading film review site. The 35-year-old director attracted much media attention recently for distributing the film privately for free viewing by sending download links to friends ...

Anglo bid: Chinese miners expected to step in. For more financial news, go to the News24 Business front page. China's leading metals companies, including its state iron ore buyer, are considering their next moves following BHP Group's blockbuster $39 billion approach for rival Anglo American, potentially the largest mining deal in over a ...

The latter was affected by concerns over softer iron ore pricing in the current year, another reflection of manufacturing weakness in steelmaking giant China." 6. SPDR S&P Metals and Mining ETF ...

Australia's listed iron ore producers are reaping multibillion-dollar rewards as coronavirus prevents rivals from capitalising on China's insatiable appetite for the key ingredient of steel ...

17 January 2024 · 2-min read. By Neha Arora. NEW DELHI (Reuters) - India's government has turned down a request from state-owned iron ore miner NMDC Ltd to export its ore to China, the world's largest iron ore consumer, three sources with direct knowledge said. The government has instead asked NMDC, India's largest state-owned iron ore miner ...

Iron ore prices have already more than halved from this year's peak to around $106/t. To make matters worse for iron ore producers, developments unfolding at Evergrande (HK:3333), China's second ...

Just over 80% of iron ore exports head to China, which buys about 70% of the total global seaborne volumes and produces about half of the world's total steel. ... The iron ore miners have been successful in running complex operations at low costs, but setting up a wind/solar power plants, a green hydrogen electrolyser and possibly battery ...

China's iron ore imports in 2021 and 2022 fell 3.9% and 1.5% year-on-year, respectively. There were no caps on steel output in 2023, however, with the world's second-largest economy struggling ...

Prices of iron ore cargoes with a 62% iron content fell 1.16% to $110.02 per tonne, sliding for the second straight session as rising inventories and demand uncertainties in top consumer China weighed on the market. Data pointed to rising iron ore inventories in Chinese ports, signaling weaker demand from steel mills for metal production.

China's property crisis keeps punishing big miners, but increasing demand from manufacturing and infrastructure could take the edge off. Rio Tinto's Gudai-Darri iron-ore mine in the Pilbara ...

"The valuations of FMG and the other iron ore miners still look rich, especially given the headwinds coming from China," said Kyle Rodda, senior financial market analyst at Capital.com. Iron Bridge will allow Fortescue to blend high-grade ore output from the project with its lower grade ore, raising the average iron content above …