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The Latest Breaking News from iron ore

Minnesota Supreme Court rejects Mesabi Metallics' bid to keep critical iron ore leases

The Minnesota Supreme Court has upheld the state's decision to terminate mineral leases for Mesabi Metallics' long-delayed iron ore project near Nashwauk.

Tribune News Service

Rio Tinto iron ore shipments up 5pct in Q4

Rio Tinto says it met the bottom end of its 2022 iron ore production guidance with a solid fourth quarter, but is warning of numerous macroeconomic risks.

AAP

China note! EU-member Sweden locates rare earth deposits

A Swedish government-owned iron ore mining company says it has identified “significant deposits” of rare earth elements in Arctic Sweden that are essential for the manufacture of electric vehicles and wind turbines

The Independent UK

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Honduran environmental defenders shot dead in broad daylight

Aly Domínguez and Jairo Bonilla, co-founders of grassroots resistance group to iron ore mine in Guapinol, murdered in street

The Guardian - US

Iron ore keeps WA on track for surplus

Western Australia's forecast budget surplus has improved slightly to $1.8 billion despite the premier warning of a deteriorating global economic outlook.

AAP

Worried About a Recession? 1 Savvy Stock to Buy Now

After bottoming out in November, iron-ore prices have witnessed a resurgence, driven by hopes of slowing interest-rate hikes by the Fed and reopening of the Chinese economy. Hence, it would be opportune to invest in major iron ore producer VALE S.A. (VALE) to capitalize on the upside potential. Read on….

StockNews.com

ASX boosted by miners as China eases COVID-19 curbs after protests, as lockdowns hurt Chinese economy

The Australian share market is driven by miners as iron ore prices rose as China lifted some COVID-19 restrictions. However, lockdowns took their toll on the Chinese economy last month.

ABC News

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Rio Tinto reaches historic agreement with Juukan Gorge group

Global miner Rio Tinto Ltd has reached a restitution agreement with an Aboriginal group whose rock shelters in Western Australia it destroyed two years ago for an iron ore mine, the groups said on Monday.

Reuters

Australia approves national plan to safeguard Indigenous heritage

Australia will strengthen laws to protect Aboriginal cultural heritage, Environment Minister Tanya Plibersek said on Thursday, following a review of mining standards after Rio Tinto's destruction of the sacred Juukan Gorge rock shelters.

Reuters

NMDC To Spend Rs 900 Cr To Increase Iron Ore Production From Kumaraswamy Mines

NMDC Ltd will be spending nearly Rs 900 crore in the next two to three years to ramp up iron ore production from seven million tonnes per annum (MTPA) to 10 million tonnes, from its Kumaraswamy mines in Karnataka. Read on for details:

Dynamite News

Export Duty On Steel, Iron Ore Cut; Tax On Some Raw Material Imports Hiked

The government has cut the export duty on steel products and iron ore with effect from Saturday in order to provide a fillip to the domestic steel industry and boost exports. Read on for details:

Dynamite News

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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AAP

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.

The Independent UK

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 Guardian - 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 Hindu

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

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AAP

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.

The Independent UK

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

AAP

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.

Reuters

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.

The Hindu

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?

ABC News

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?

AAP

$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.

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