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The Latest Breaking News from iron ore

1 Metal Stock to Buy to Mine for Profits in Q4

Iron ore prices have been rising lately as the market is optimistic, with Chinese demand for the metal expected to increase amid a rescue package for its construction sector and softer preventive measures to tackle COVID-19. Amid this backdrop, investors could look to buy shares of major iron ore producer…

StockNews.com

China's demand for Australian iron ore stalls, sending the price for our biggest earner spiralling

WA's iron ore miners are ramping up production with new mines, but with the commodity price falling, is it worth it?

ABC News

Iron ore railcars to be made in WA

More iron ore rail cars will be made in Western Australia rather than overseas in the latest manufacturing commitment in the state.

AAP

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Rio says rail issues hit ore shipments

Mining giant Rio Tinto says two unplanned outages on its rail lines in the Pilbara means its full-year shipments will be at the lower end of expectations.

AAP

How to make emissions-free iron at temperatures colder than coffee

Affordable green steel is a big deal, and could disrupt an industry that generates more than $870bn in revenues each year, writes Akshat Rathi

The Independent UK

Companies using carbon credits to ‘cover their tracks’, says iron ore billionaire

Andrew Forrest urges businesses to aim for ‘real zero’ to reduce environmental impact

The Guardian - UK

Odisha’s ‘rich’ Keonjhar poor in child health

The district has a high share of iron ore reserves of the country and is flush with funds meant for welfare needs, but women and infants are struggling to access basic amenities

The Hindu

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Rio Tinto joins 'first movers' carbon club

Rio Tinto has caught up with iron ore peers BHP and Fortescue Metals Group as the latest to join a global coalition of top companies looking to cut emissions.

AAP

Australian miner Fortescue reveals $6.2 billion carbon plan

Australian iron ore miner Fortescue Metals Group has announced a $6.2 billion plan to eliminate fossil fuels and carbon emissions from its operations by the end of the decade

The Independent UK

Fortescue pledges $9.2b for clean iron ore

Andrew Forrest will spend $9.2 billion to take Fortescue Metals Group fossil fuel-free by 2030 and become a global green mining, energy and technology firm.

AAP

Lula campaign mulls new mining royalties in Brazil, spooking industry

Brazilian presidential frontrunner Luiz Inacio Lula da Silva is considering raising royalties on certain mining projects if elected, a campaign adviser told Reuters, likely affecting iron ore giant Vale SA and other multinationals.

Reuters

Karnataka iron ore mining | Why has the Supreme Court relaxed a decade-old ban?

Ten years after it clamped down on illegal iron ore mining in Karnataka, why has the Supreme Court relaxed its orders on production and sale of iron ore in the state?

The Hindu

Port Hedland proposed lithium refinery could reduce exposure to iron ore prices

Billions of dollars of iron ore leaves Port Hedland every year, but none of it is processed on shore. Can the town now seize its share of the global battery market?

ABC News

$3b iron ore project greenlit for WA

Mineral Resources says the Onslow Iron Project in the western Pilbara will be one of the largest iron ore mines ever undertaken in Western Australia.

AAP

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The Hindu

Karnataka mining: Supreme Court raises annual iron ore production limit for three districts

For Chitradurga and Tumakuru districts the annual iron ore production limit was raised from 7 MMT to 15 MMT while for Ballari, the Supreme Court raised the limit from 28 MMT to 35 MMT a year

ABC News

Outgoing Fortescue Metals boss Elizabeth Gaines says China will want Australian iron ore 'for a long time to come'

Australia's iron lady, Elizabeth Gaines, says she doesn't expect global tensions to impact iron ore demand as she prepares for her final days running Fortescue Metals Group.

ABC News

FOI documents reveal Hancock's plan to mine iron ore at asbestos-riddled Wittenoom

Documents showing Hancock Prospecting's plans for the contaminated Pilbara land reignite calls by traditional owners for the WA government to rehabilitate their country.

AAP

BHP surges on record FY, coy on OZ Min bid

The stellar result for BHP and shareholders comes after record iron ore sales from WA operations, and with a bid for OZ Minerals' copper and nickel in play.

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ABC News

ASX closes at 10-week high as BHP unveils record dividend, Tassal accepts $1.7b takeover bid

Australian shares have risen to their highest level in 10 weeks as BHP reports its second-highest profit ever, James Hardie lowers its profit forecasts due to surging inflation and Tassal accepts a $1.7 billion takeover bid from Canadian aquaculture company Cooke Inc.

AAP

Trade surplus hits record $17.7b in June

Strong shipments of coal, iron ore and grain have helped Australia's trade surplus reach a record $17.7 billion in June.

ABC News

Hancock Prospecting, Main Roads WA proposal sparks fear for Aboriginal heritage, workers on Wittenoom route

The company led by Australia's richest person, Gina Rinehart, wants to put iron ore roads and workers' camps in Western Australia's north near a national park and through asbestos-riddled Wittenoom.

ABC News

Safety concerns on remote NT's Roper Highway, as trucks start carting 300,000 tonnes of iron ore

Remote Arnhem Land residents worry iron ore trucks are making the Roper Highway increasingly more dangerous, and causing dust pollution.

ABC News

Beijing forms organisation in bid to give Chinese steel producers more leverage over Australian iron ore prices

China's government has established a new minerals giant that will purchase iron ore from abroad on behalf of Chinese steel producers — a move seen as an attempt to gain long-term leverage in price negotiations with Australian exporters.

The Hindu

Gorumahisani, India’s first iron ore mine township is a picture of neglect despite 100 years of mining

About 20 km from Rairangpur lies Gorumahisani, India’s first iron ore mine, and widely dubbed as ‘mother mine’ for empire of Tata Steel that has grown to a global steel behemoth having crude steel capacity of 34 million tonnes per annum

Newcastle Herald

Thermal coal above $US400 a tonne as prices of iron ore and other commodities fall

Record thermal coal prices defy falls in other commodities

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