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The Latest Breaking News from iron ore

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

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

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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

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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

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

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

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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?

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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.

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.

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.

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