The Latest Breaking News from iron ore

Australia has flourished as an export powerhouse for decades. Much of this prosperity has been driven by the nation’s natural endowment with two important raw products for producing steel the traditional way: iron ore and metallurgical coal.

The ASX200 has closed higher as Australian investors reacted to a key trade deal and iron ore miners extended gains for the third session this week.

Efforts to end Chinese ownership of an Australian port highlight challenges to the prime minister's ambition to grow business ties between the two nations.

The ASX200 has finished 0.1 per cent lower, but iron ore giants, rare earth miners and building services company Johns Lyng posted strong gains.

One of Australia's biggest US exports has been threatened with hefty tariffs, but many doubt whether Donald Trump will actually impose the measure.

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.

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.

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.

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