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The Latest Breaking News from iron ore

NMDC has cut its iron ore prices effective August 8, 2026. Lump ore (65.5%) is now priced at Rs 5,250 per tonne, down from Rs 5,450 in July, while fines (64%) have been reduced to Rs 4,500 per tonne from Rs 4,700.

The Economic Times

Two-day strike hits BHP's iron ore exports in Pilbara

Workers at a BHP port key to its shipments of steelmaking material, iron ore, are striking after negotiations over wages and conditions stalled.

AAP

Jefferies gets new evidence of fake invoices at beleaguered fund tied to iron ore trader

The discovery of fake invoices related to Sapphire Minmetals by Jefferies Financial Group has intensified scrutiny over the financial reports of Radiant World. This revelation has led the bank to reevaluate its investment exposure to both iron ore traders, as recent losses incurred from receivables finance have been troubling for…

The Economic Times

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Accidental export: Aussie green iron tech goes global

An Australian made machine that can boost the quality of iron ore without using water is ready to be shipped to the US after word of its creation spread.

AAP

Rio Tinto’s Results Make the Case for Looking Beyond Tech in the AI Trade

Rio Tinto's first-half results showed EBITDA up 28%, free cash flow up 75%, and copper EBITDA nearly doubling, as diversified metals exposure and productivity gains bolstered its outlook.

MarketBeat

How an iron ore empire began to raise doubts

Major commodity traders are cutting ties with Radiant World amid concerns, which suggest the company provided falsified documents to banks for financing. Glencore and Cargill have ceased new business dealings with Radiant World. Banks like Intesa Sanpaolo are reviewing their exposure to the firm. Radiant World denies the claims.

The Economic Times

Andrew Forrest's Fortescue flags major asset writedown

Fortescue will write off $746 million from the value of its Iron Bridge magnetite mine in the Pilbara after reviewing scenarios for the troubled operation.

AAP

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Steel trap: Australia must make green metal or risk ore

Australia's richest export market could be at risk unless it takes urgent action to manufacture green steel on home soil, according to a study.

AAP

'A new era': miner banks profit on metals for tech age

Rio Tinto, which has major iron ore operations in the WA and is working to boost its presence in copper, has delivered a bullish outlook.

AAP

Odisha tightens iron ore grade checks after alleged royalty underreporting: Report

Odisha, India's largest iron ore-producing state, has stepped up quality-control inspections after authorities found instances of miners allegedly misrepresenting ore grades to reduce royalty payments, a move that could temporarily disrupt domestic supplies and exports to China, Bloomberg News reported.

The Economic Times

India's core sector output grows 5% in June under new base year series, hits 5-month high

June 2026 marked a notable five percent growth in India's core industries index, with iron ore production soaring to forty-three point nine percent. Significant growth was also observed in cement and electricity. Conversely, natural gas and crude oil outputs faced reductions. For the April-June 2026 timeframe, the total growth measured…

The Economic Times

L&T bags orders worth Rs 10,000–Rs 15,000 cr in metals and minerals business

Larsen & Toubro's Metals & Minerals business secured multiple mega orders. These contracts are from leading domestic public and private sector companies. One order involves an 18-MTPA iron ore handling plant in Chhattisgarh. Another project expands a steel plant in West Bengal significantly. L&T also won an EPC order for…

The Economic Times

Govt adds iron ore to core sector index taking total components to 9

Iron ore has been added to the core sector infrastructure industries list. This inclusion increases the total number of key sectors from eight to nine. The new series, with base year 2022-23, will be released on July 20. Gross production data will now compile the steel index for consistency. Raw…

The Economic Times

Container traffic to drive growth at Indian ports up to 9% CAGR through FY28: Motilal Oswal

Container traffic is expected to drive Indian port growth through FY28. Coal traffic will likely decline due to domestic production and renewables. Petroleum, oil, and lubricants traffic will see moderate expansion. Iron ore traffic is projected to recover with increased domestic use. Policy support and infrastructure development position India as…

The Economic Times

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The Times of India

Earth is slowly swallowing an entire Arctic town in Sweden, and authorities are moving Kiruna building by building as the world’s largest underground iron ore mine cracks and destabilises the ground beneath it.

Kiruna, Sweden, is moving its entire town due to ground instability caused by iron ore mining. This massive engineering project involves relocating buildings and infrastructure to a safer location. The relocation aims to preserve cultural heritage while ensuring residents' continuity. It highlights the consequences of resource extraction and the need…

The Economic Times

SAIL's Bokaro plant to get 8.3 MT iron ore via slurry pipeline; Rs15K cr expansion underway

Bokaro Steel Plant will receive iron ore annually through a new slurry pipeline. This modern system will eliminate dependence on railway rakes for raw material transport. The plant's crude steel production capacity will increase significantly after expansion. This project involves a substantial capital investment and aims for completion in three…

AAP

Port worker wage stoush set to trigger historic strike

Hundreds of port workers are expected to walk off the job after failed wage negotiations between a mining giant and unions.

The Economic Times

Vedanta Iron & Steel shares skyrocket 89% in 12 days since listing. What’s fuelling the surge?

Vedanta Iron and Steel shares have surged an impressive 89% since their June debut, adding nearly Rs 7,000 crore to its market value. This remarkable rally was significantly boosted after Azim Premji's investment arm acquired shares worth Rs 102 crore. The company, involved in iron ore and steel production across…

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The Economic Times

Vedanta Iron & Steel shares extend winning streak, surge 10%; stock up 70% since listing

Vedanta Iron & Steel shares jumped, extending an 11-day winning streak and taking total gains to over 70% since listing earlier this month. The stock debuted at Rs 20 following Vedanta Group’s demerger and has nearly doubled its market cap to about Rs 13,941 crore from Rs 7,821 crore.

The Economic Times

ED attaches over Rs 1,000-cr assets in Goa 'illegal' iron ore mining case

The Enforcement Directorate has seized assets exceeding Rs 1,023 crore, including properties in Singapore, in a Goa illegal iron ore mining case. The probe into the Salgaocar Groups and associates revealed illegal mining between 2007-12, generating over Rs 2,492 crore in crime proceeds. These funds were allegedly laundered through offshore…

The Economic Times

Vedanta Iron and Steel aims to become major resource-backed integrated steel platform

Vedanta Iron And Steel Ltd, newly listed, plans to be a leading integrated steel producer. The company will leverage its vast iron ore reserves for over 50 years. Expansion will focus on value-added products like silicon iron and ductile iron pipes. VISL's strategy is set to create long-term value across…

The Times of India

Meet Gina Rinehart: Australia’s richest woman who just invested $1.4 billion in Elon Musk’s SpaceX

For decades, the fortune of Australia's wealthiest citizen has been tied to iron ore buried deep beneath the country's red earth. Yet in recent years, Gina Rinehart has gradually expanded her interests far beyond mining, backing sectors she believes will shape the decades ahead. Space exploration now appears to sit…

AAP

FED:Gina Rinehart's flagship iron ore mine lays off workers

One of Australia's largest mining operations, owned by billionaire Gina Rinehart, is laying off staff in a bid to extend its mine life by 10 years.

AAP

Gina Rinehart's flagship iron ore mine lays off workers

One of Australia's largest mining operations, owned by billionaire Gina Rinehart, is laying off staff in a bid to extend its mine life by 10 years.

AAP

Australia's mining giants eye India, SE Asia for growth

Mining giants BHP and Rio Tinto say new ‌steel demand in India and Southeast Asia will offset stagnation in China.

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