Iron ore mining news

BHP has reached an agreement to settle the class action complaint regarding the Samarco dam failure. The company will pay the plaintiffs US$50 million, with no admission of liability.

The project will be the largest iron ore processing facility ever built in Western Australia.

The funds will be invested in detailed engineering work on key elements of the project, the development of a rail construction camp and the first stage of the Koodaideri accommodation camp.

The company achieved a 6% increase in total production on a copper equivalent basis in 2Q18, compared to 2Q17.

“The AutoHaul programme will deliver the world’s first fully autonomous, long distance, heavy haul rail network, operating the world’s largest and longest robots.”

The service offering for the South American mining industry has widened following thyssenkrupp’s expansion in Brazil.

The company is aiming to develop greater flexibility across its system of mines, rails and ports in Western Australia through the application of automation and other initiatives.

The consulting and engineering company has prepared a feasibility study for the optimisation of mine water management in the Ukrainian mining area of Kriwoi Rog.

The company has reported a 4% increase in total production on a copper equivalent basis in 1Q18, compared to the same period of 2017.

Mechel is conducting a technical upgrade of the Korshunov mining plant in Russia.