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The Latest Breaking News from iron ore

Railway employees to get PLB bonus equivalent to 78 days wages for 2022-23

Union Cabinet approves PLB of 78 days wages for 2022-23 to 11.07 lakh non-gazetted railway employees. Total payout of ₹1,968.87 crore. SWR signs agreement with JSW Minerals Rail Logistics for operation of 07 BOBSNS wagons for iron ore transportation. Agreement to ease unloading difficulty & enable higher quantum of iron…

The Hindu

Hancock lawyers attack rivals in high-stakes trial

Gina Rinehart's lawyers have attacked two rival mining dynasties' billion-dollar claims for iron ore riches in closing arguments at a high-stakes legal battle.

AAP

Rio Tinto on track to meet 2023 iron ore targets

Mining giant Rio Tinto says it remains on track to hit the upper half of its original forecast for 2023 iron ore shipments.

AAP

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Is Rio Tinto (RIO) the #1 Industrial Metal Stock to Buy Right Now?

Prominent industrial metal producer Rio Tinto (RIO) expects to bolster its iron ore operations through a massive project in Guinea. Looking at the company’s venture into green minerals, should you invest in RIO now? Let’s look at its financial metrics to know more….

StockNews.com

Rio, BHP warned of investor pressure on steel emissions

Australia's largest diversified miners are being urged to come clean on the greenhouse gas emissions pumped into the atmosphere by the world's steelmakers.

AAP

Fierce court battle for Hancock mining riches reignites

A court battle over iron ore riches has resumed, as billionaire Gina Rinehart defends her fortune amid a legal dispute over her mining pioneer father's legacy.

AAP

Traditional owners left to ‘pick up the pieces’ after sacred rock shelter damaged in Rio Tinto blast

Full extent of incident near Nammuldi iron ore mine in the Pilbara still unknown, Muntulgura Guruma representative says

The Guardian - AU

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Iron Futures Weaken After Regulators Issue Price Warning

Following a 20% surge in black metal futures, NDRC and CSRC call traders on the carpet and tell them to cool it

Caixin Global

Steel Ministry urged to restore iron ore supply to RINL from NMDC’s mines in Chhattisgarh soon

NMDC directive to RINL to source its requirement from its mines in Karnataka involves an additional expenditure, BJP Rajya Sabha member G.V.L. Narasimha Rao tells Union Minister of Steel Jyotiraditya Scindia, and calls for preferential treatment to the steel plant in Visakhapatnam. Sounding an alarm, he says that RINL is…

The Hindu

Baowu Steel Forges Deal to Develop Simandou Iron Ore Mine

State-backed giant will work with a Chinese-backed consortium to develop the northern part of the Guinean mine, the world’s largest untapped deposit of high-grade iron ore

Caixin Global

Cleveland-Cliffs Proposes To Acquire U.S. Steel

US Steel Brushes Off Cleveland-Cliffs' $35 Per Share Offer: Deal Less Likely To Close Without 'Meaningful Concessions'

Zenger

China’s sudden economic slowdown is worrying. But it doesn’t have to be all bad news for Australia

The great Chinese construction boom has lasted longer than anyone thought possible. But all things must pass

The Guardian - AU

BHP faces cost pressures, warns of economic volatility

BHP has posted a strong fourth quarter with annual production records at Western Australia iron ore, Olympic Dam and Spence, but warns of uncertain times.

AAP

Rio Tinto optimistic on iron ore shipment guidance

Rio Tinto expects to hit the top end of its fiscal 2023 iron ore shipment guidance despite a train derailment disrupting operations in June.

AAP

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The Guardian - AU

Iron ore giant Fortescue Metals targeted by Russian ransomware group

Australian mining company confirms hack occurred on 28 May but data disclosed ‘was not confidential in nature’

WEKU

It's a journey to the center of the rare earths discovered in Sweden

Sweden says it found the largest deposit in Europe of rare earths — ingredients in a host of technologies from e-vehicles to wind turbines. Mining and processing them is another story.

The Hindu

Karnataka to release its maritime policy to develop port sector shortly

Karnataka Maritime Policy will be released soon said Gaurav Gupta, Additional Chief Secretary, Infrastructure Development, Ports and Inland Water Transport during the inaugural session of the first edition of Karnataka Ports Conference – 2023 in Mangaluru

The Independent UK

How to do the great American road trip: Florida to Minnesota

It’s one of the classic bucket list trips: driving across the States on wide, empty roads that lead to some of the country’s greatest landmarks. In this exclusive series, Simon Veness and Susan Veness share diaries of their travels as they take on the ultimate US adventure

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StockNews.com

Strike Gold With These 3 Mining Stocks

The mining industry is poised for solid growth and expansion, thanks to strong demand for metals and minerals, favorable government policies, and integration of digital technology. Hence, it could be wise to buy quality mining stocks Glencore (GLNCY) and Fortescue Metals (FSUGY) to capitalize on the golden opportunities presented by…

The Hindu

Coir corporation to supply coir geotextiles to iron ore mines in Odisha

The Kerala State Coir Corporation (KSCC) will supply coir geotextiles to mines in Odisha. It recently received an order for geotextiles from Geetarani Mohanty Raikela Iron Ore Mines

The Hindu

NMDC, IMMT ink pact for collaborative research on iron ore

Aimed at understanding the behaviour of iron ore fines/concentrate in pneumatic, that is air assisted, transport pipeline system, their research will establish the design parameters for inter/intra plant pipeline transportation of iron ore.

The Hindu

Illegal export of iron ore case: HC upholds CBI special court’s order of pardoning accused for turning approver

The High Court of Karnataka has upheld the decision of the special court for CBI cases, which had granted pardon to an accused in a case of illegal export of iron ore after the accused offered to become an approver and disclose all information on the alleged commission of offences…

The Independent UK

On the long and winding Arctic road, Sweden needs to step up its rail game

The Man Who Pays His Way: When hitchhiking proves more reliable than trains, something’s amiss

The Independent UK

A strange Saturday morning en route to the Arctic

The Man Who Pays His Way: There’s plenty of room for you aboard the Iron Ore railway from Sweden to Norway

The Conversation

Picture this: green hydrogen plants next to green steelworks to boost efficiency and kickstart both industries

The race to net zero is accelerating. Just last week, United States President Joe Biden and Australian Prime Minister Anthony Albanese unveiled a climate pact to boost cooperation. The move signifies Australia is becoming a global leader in the renewable energy roll-out and critical mineral supply.

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