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The Latest Breaking News from iron ore

Rio Tinto, Hancock Invest $1.6 Billion In Hope Downs 2 Expansion

Rio Tinto (NYSE:RIO) and Hancock Prospecting have announced on Tuesday a joint investment of $1.61 billion to develop the Hope Downs 2 iron ore project in Western Australia's Pilbara region. A 50-50 investment will drive a significant expansion of the long-standing Hope Downs Joint Venture between the two companies.

Benzinga

A carbon levy on global shipping promises to slash emissions. We calculated what that means for Australia’s biggest export

Moving people and things around the world by sea has a big climate impact. The shipping industry produces almost 3% of global greenhouse gas emissions – roughly the same as Germany – largely due to the movement of container ships, bulk carriers and tankers.

The Conversation

Rio Tinto, Hancock to develop $2.5b iron ore project

A joint venture between Rio Tinto and Hancock Prospecting has been given approval for an iron ore project to add 31 million tonnes to global supply each year.

AAP

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How to get Iron Ore in Palia

Find Iron to improve your tools and craft so much more.

Dot Esports

Cleveland-Cliffs Marks 40th 52-Week Low: Is It a Buying Opportunity?

The producer of iron ore pellets and flat-rolled steel hit its 40th 52-week low of the past 12 months on Tuesday. Best characterized as a falling knife, Cleveland-Cliffs stock has declined 62% over the past year. Time to Buy?

Barchart

Why a new zero-carbon UK steel plant offers hope and a headache

Plans to build costly DRI plant in Britain to make green steel is seen by some as the future and others as a ‘white elephant’

The Guardian - UK

Australian firms 'upbeat' China can navigate trade war

Australian firms are bullish about their opportunities in China despite global trade ructions casting doubt over economic growth, the Reserve Bank deputy says.

AAP

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Traditional owners blast Rio Tinto's record on reforms

The world's biggest iron ore miner has failed to remedy its destruction of a sacred Aboriginal site five years ago, a traditional owner says.

AAP

‘Sigh of relief’ as British Steel shipments bring lifeline to industry on the brink

It comes after ministers used emergency powers to take control of British Steel after what was thought to be a Chinese plot to sabotage the plant

The Independent UK

Fuel for blast furnaces and iron ore supplies arrive at British Steel

55,000 tonnes of blast furnace coke have arrived in the UK to fuel the furnaces, and shipments of iron ore are soon to arrive.

The Independent UK

Supplies arrive in UK as Government rushes to save British Steel Scunthorpe site

Ministers have taken control to ensure supplies such as coking coal and iron ore reach the site after talks with its Chinese owner broke down.

Evening Standard

Supplies to be sent to Scunthorpe steel plant to keep blast furnaces burning

The Government has taken control of British Steel and are facing a race against time to get material such as coking coal and iron ore to the site.

The Independent UK

Government ‘confident’ it has supplies to keep British Steel blast furnaces lit

Union officials also said they are ‘hopeful’ that the coal and iron ore required at the North Lincolnshire works will arrive within the next 48 hours.

Evening Standard

How rich is Gina Rinehart, and how much will she earn in the time it takes to read this article?

Australia’s wealthiest person rakes in billions from her iron ore mines. We look at how she makes her money – and how she spends it

The Guardian - AU

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Euronews

Oil prices tumble to four-year low as US-China trade war fuels recession fears

Crude oil prices plunged to a fresh four-year low as the US-China trade war escalated. Other economic-growth-sensitive commodities, including iron ore and copper, also slumped in recent sessions amid deteriorating demand outlooks in the world’s largest importer.

The Guardian - UK

A ‘bridge to prosperity’? Guinea’s junta touts opening of mining megaproject

Vast Simandou complex has 2.8bn tonnes of iron ore deposits, but many worry about its environmental cost

The Conversation

After 30 years on the outer, unions could soon return to the Pilbara. Here’s why that’s a big deal

A battle is underway on the mine sites in Western Australia’s remote Pilbara region. Unions are keen to get back into the iron ore industry after decades on the outer. Mining companies are desperate to keep them out.

The Guardian - AU

Fortescue and WA government say traditional owners’ $1.8bn compensation claim is worth $8m

Yindjibarndi people allege mining giant did not get permission from native title holders, while company says community ‘disharmony’ is not its fault

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AAP

Mine giant denies it's to blame for community division

Native title holders are seeking $1.8 billion in compensation from an iron ore miner as a long-running legal dispute over a Pilbara mine draws to an end.

The Conversation

How Whyalla can be upgraded to green steel and why we need to keep steel production in Australia

Financial challenges at the Whyalla steelworks in South Australia have reignited debate about the nation’s steel industry and its future.

Bored Panda

I Spent A Month Riding The Infamous Mauritanian Iron Ore Train And Here Are 25 Photos I Took

Beyond the endless dunes of the Western Sahara lies Mauritania — a country the size of France and Germany combined, yet home to a population of only 4 million. The post I Spent A Month Riding The Infamous Mauritanian Iron Ore Train And Here Are 25 Photos I Took first…

AAP

Fortescue profit slumps on weak iron ore prices

China's struggling property sector continues to weigh on big miners, with Fortescue profits down more than 50 per cent.

Al Jazeera

Aboriginal group seeks $1.1bn in damages over Australia mining project

The Yindjibarndi Ngurra Aboriginal Corporation filed the landmark case against Western Australia’s state government.

AAP

Community, Country 'ruptured' over iron ore mine damage

Traditional Owners are seeking $1.8 billion from an iron ore miner over economic loss and cultural damage at a Pilbara mine site.

AAP

BHP trims dividend to 8-year low amid weak China demand

BHP will pay shareholders an interim dividend of $A78 cents per share, down from $A1.13 per share a year ago, after a 23 per cent profit drop.

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