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The Latest Breaking News from iron ore

China reportedly wants to do more deals in its own currency. Australia’s banks aren’t ready

In October, media reports suggested mining giant BHP had accepted a deal to settle about a third of its spot iron ore sales to Chinese customers in China’s own currency, the renminbi (RMB), rather than US dollars.

The Conversation

BlueScope Steel keen on Whyalla's iron ore resource

Steel giant BlueScope is leading a consortium to potentially acquire the Whyalla Steelworks, an asset it views as having potential beyond its core business.

AAP

Business secretary backs shift to electric arc furnaces at British Steel plant

Move would secure future of steel production at Scunthorpe but raise questions over future of blast furnaces

The Guardian - UK

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The World's Largest Mining Project Starts Production

The world's largest mining project, the Simandou project in Guinea, officially launched on November 11. The event was a historic milestone for the industry, as the $23 billion mine took nearly three decades from discovery to production.

Benzinga

Aussie shares hand back gains as CBA, IT stocks weigh

Sell-offs in IT and consumer discretionary stocks and a slump for Australia's biggest company have sent the share market lower for a second straight session.

AAP

Top four iron ore miner happy with early-year shipments

Fortescue has had a strong start to the financial year after shipping almost 50 million tonnes of iron ore in the first quarter.

AAP

Mining Giant BHP Gains Edge As Rival Mine Disruptions Tighten Copper Market

BHP Group Limited (NYSE:BHP) shares are trading lower on Tuesday. The company reported a sequential decline in first-quarter production across all elements.

Benzinga

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Rio Tinto Q3 Iron Ore Output Stays Flat, Sees Signs Of Slowing US, China Economy

Rio Tinto Plc (NYSE:RIO) shares are trading lower premarket on Tuesday after the company reported the third-quarter fiscal 2025 trading update.

Benzinga

BHP Resumes China Iron Ore Sales: Report

BHP Group Limited (NYSE:BHP) has resumed iron ore sales into China, quelling speculation that Beijing had restricted purchases from the world's top producer.

Benzinga

In Simandou Mountains, Guinea Prepares To Cash In On Iron Ore

At the foot of the Simandou mountains in southeast Guinea's lush tropical forest, thousands of workers, trucks and excavators are digging up the hills.

International Business Times

Rio Tinto, partners commit $1.1b to new iron ore mine

Rio Tinto, Mitsui and Nippon Steel are moving forward with a new iron ore project in Western Australia that will create a permanent workforce of 950 roles.

AAP

China’s reported BHP iron ore ban has wide-ranging ramifications. Here’s what to know

Beijing’s strategic bid to reduce prices is viewed as a commercial dispute, but Canberra could be drawn in if budget revenue takes a hit

The Guardian - AU

Is China’s reported ban on BHP a bluff, or a glimpse of the future?

Though they still haven’t been officially confirmed, reports China’s state-owned buyer told steelmakers to stop purchasing iron ore from Australian mining giant BHP have rattled both markets and Canberra.

The Conversation

Australian prime minister urges China to resume iron ore imports after reported trade disruption

Australia's Prime Minister Anthony Albanese has urged China to import Australian iron ore without hindrance

The Independent UK

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AAP

Aussie shares trade flat amid BHP ore shipping worries

Australia's materials sector weighed on the bourse on reports of a trade stoush between China's iron ore buyer and BHP, while gold surged to a fresh record.

AAP

BHP cops $5b value hit on talk of China trade blockade

Reports China is halting iron ore shipments from BHP have weighed on the world's biggest miner, but experts say any stoush over prices should be short-lived.

International Business Times

An Aussie Tycoon Bets Billions On Cleaning Up Iron Ore Giant

Moored off a Manhattan pier for New York's annual Climate Week is one of the world's first ammonia-powered vessels -- a green flagship for an Australian tycoon's drive to decarbonize his mining empire.

Benzinga

Rio Tinto's New CEO Simplifies The Firm, Places Assets Under Review

Rio Tinto (NYSE:RIO) is undergoing a major restructure under a newly appointed CEO, Simon Trott, who took over the role on Monday. On Wednesday, he unveiled a radical simplification of the miner's operations into three core business units: iron ore, copper, and a combined aluminium–lithium group.

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AAP

Australia risks losing green iron race after head start

Australia may be left stranded on the blocks in the race to lead the globe in green iron projects, with its main rivals coming from some unexpected nations.

AAP

Iron ore giant's profit falls, green energy vow stays

One of Australia's biggest mining companies says it will continue to pursue green iron and renewable energy projects as iron ore revenues dip.

Benzinga

Iron Drags BHP Earnings To A Five-Year Low

The leading global miner BHP Group (NYSE:BHP) posted its weakest annual result in five years, showing the pressure from lower iron ore prices and China’s softer steel demand. The firm reported underlying attributable profit of $10.16 billion, marking a 26% drop from the prior year.

Euronews

Historic Swedish church transported on trailers to avoid being swallowed by mine

A convoy of trailers is transporting the 113-year-old Kiruna Church to a new home to make way for the expansion of a large underground iron ore mine.

AAP

BHP mulls mothballing coal mines over royalty regime

BHP has delivered record production across several metal groups, but sluggish commodity prices and one state's royalty regime have chiselled away at earnings.

AAP

Union alarm as mining giant mulls sick leave overhaul

Proposed changes to the sick leave policy for thousands of Rio Tinto workers has sparked union concerns other employee entitlements will also be targeted.

Benzinga

Rio Tinto Posts Weakest Half-Year Profit In Years

Rio Tinto (NYSE:RIO) reported its weakest half-year profit since 2020, as soft iron prices and weather-related disruptions in Western Australia weighed on results. The top global miner posted a 22% drop in net profit to $4.5 billion for the six months ended June 30, 2025. Underlying earnings declined 16% year-on-year…

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