Iron ore mining news
Oxford Economics comments on Vale crisis
The global advisory firm predicts that iron ore prices will rise in 1Q19, before pulling back over the year.
Australia’s mining industry set export record in 2018
In 2018, Australia’s resources exports – including minerals, metals and petroleum – generated AUS$248 billion in revenue.
Anglo American secures Step 3 licence approval for Minas-Rio
Access to the Step 3 area provides greater operational flexibility and access to higher grade iron ore.
Rio Tinto and China Baowu sign heads of agreement for JV extension discussions
The agreement reinforces Rio Tinto’s partnership with Baowu, recognising the significant expertise and knowledge both parties bring to the joint venture.
Fortescue’s first shipment of West Pilbara fines sets sail
Fortescue will produce 5 - 10 million t of West Pilbara fines in FY19, further enhancing the company’s range of ores available.
thyssenkrupp to supply equipment for BHP South Flank iron ore project in Australia
thyssenkrupp Industrial Solutions has been awarded a contract to design, supply, construct and commission large-scale stockyard machines for the BHP South Flank iron ore project in Western Australia.
Metso to divest its grinding media business to Moly-Cop
The transaction comprises the sale of Metso Spain Holding, S.L.U, including operations in two locations with around 80 employees in Spain (Bilbao and Seville).
Magna tyres prove a success at Middle East iron mine
A large mining operator in the Middle East recently selected 27.00R49 Magna MA04+ Giants to serve their Rigid dump trucks.
Simandou iron ore project update
The non-binding heads of agreement for Chinalco to acquire Rio Tinto's interest in the Simandou project has lapsed.
New mine opens at Hope Downs
Rio Tinto and Hancock Prospecting have jointly opened a new iron ore mine at Hope Downs.