Iron ore prices are tumbling again
  Release time: 2016/08/29 10:05:00
According to Metal Bulletin, the spot price for benchmark 62% fines slid by 3.76% to$59.13 a tonne, trimming its year to date gain to 35.7%.Chinese buyers held off in anticipation of further iron ore price decli...

Rio Tinto celebrates half a century of Pilbara iron ore export
  Release time: 2016/08/25 16:06:00
Earlier this week the miner recognised the anniversary of its first shipment leaving Australia, from Dampier’s port bound for the Yawata Iron and Steel Company in Japan.When the MV Houn Maru set sail 50 years a...

Miners lift as iron ore continues to defy naysayers
  Release time: 2016/08/24 10:47:00
Iron ore rose 0.8 per cent to$US61.60 overnight, according to The Steel Index, from$US61.10 in the previous session.Elsewhere, analysts at Citi called the Fortescue profit a“great result”, but reaffirmed a sel...

CIC pursuing $US9b iron ore deal with Vale, says report
  Release time: 2016/08/23 15:34:00
The consortium is negotiating the potential purchase of a portion of Vale's future iron-ore output for as long as 30 years, two of the people said, asking not to be identified as the information is private.Vale ...

BHP Billiton v Rio Tinto still a clash of the titans
  Release time: 2016/08/22 10:13:00
We think[Rio has a]slightly cleaner structure, the balance sheet is a little bit healthier, the net debt is essentially half of what you have at BHP and it just feels Rio is that little bit ahead of BHP in terms...

Iron ore prices remain choppy, continuing the trend seen in August
  Release time: 2016/08/22 10:08:00
According to Metal Bulletin, the spot price for benchmark 62% fines increased by 0.4% to$60.95 a tonne, leaving its year to date gain at 39.9%.Price for lower grade ore went the other direction with the spot pri...

Iron ore strength unlikely to last
  Release time: 2016/08/18 15:46:00
But BHP CEO Andrew Mackenzie says the recent strength will not last and there was more downside than upside.ANZ Research said last week that the likely closure of high-cost steel mills in China should keep steel...

Turkish import scrap moves sideways, offer levels firming
  Release time: 2016/08/17 10:14:00
S&P Global Platts assessed heavy melting scrap I/II 80:20 CFR Turkey at$230/mt, stable from Friday.One European merchant put the market for 75:25 higher than the heard trade at$225-$227/mt based on collection pr...

BHP Billiton bearish on iron ore after tough fiscal year
  Release time: 2016/08/17 10:11:00
Mackenzie was delivering a record loss of$6.4 billion for the 2015-16 financial year ending June 30--a year in which the Samarco dam burst occurred in Brazil.Mackenzie continued BHP's recent narrative that it sa...

Miner BHP Billiton suffers $6.4 billion loss
  Release time: 2016/08/16 17:35:00
BHP said its revenue sank 31 percent in the fiscal year ending June 30, to$30.1 billion.It also took$4.9 billion in write downs of its U.S.oil and gas assets.Weaker commodity prices, which have gutted profits of...

Rio Tinto: driverless train problems delay Rio iron ore expansion
  Release time: 2016/08/15 10:23:00
In a series of briefings last week following the miner’s interim financial result, Mr Lynch revealed that the train automation issues that prompted it to cut its 2017 iron ore guidance may take two years to add...

Vale denies iron ore streaming financing deal in the works
  Release time: 2016/08/11 10:54:00
Rio de Janeiro-based Vale told the securities industry watchdog in a filing that the information regarding the streaming financing deal was " not true . " Reuters reported on Aug . 3 that Vale expected to raise ...