144 stories found
A top executive at iron ore trader Radiant World has stepped down as the company faces mounting scrutiny and pressure over allegations that it submitted falsified documentation to financial institutions.
Scientists analyzing Latvia's ancient bedrock through limited drilling and indirect measurements have identified rich iron ore deposits in two locations, underscoring the vast unknowns beneath the country's surface.
Erste Group has revised its equity recommendations for major resource companies, upgrading Shell and initiating a buy rating on Freeport-McMoRan while downgrading Rio Tinto. The moves reflect analysts’ updated outlooks on refining margins, copper demand, and declining iron ore prices.
Law enforcement officers in Singapore have raided the offices of iron ore trading firm Radiant World as investigators expand their probe into allegations of forged documentation. The operation signals escalating regulatory scrutiny within the country's commodities sector.
A minister has issued directives to the Uganda Investment Authority (UIA) regarding land allocation for an iron ore factory, in anticipation of an upcoming visit by President Museveni.
BHP Group has seen copper overtake iron ore as a dominant commodity in its portfolio, leading to speculation about a potential re-rating of its assets.
BHP CEO Brandon Craig stated that China's iron ore demand remains steady, supported by manufacturing activity, and also noted that stronger Indian demand for metallurgical coal should bolster the market.
The iron ore group Ferrexpo is facing challenges as it attempts to raise cash while its sanctions-hit shareholder is engaged in a dispute with Kyiv over his stake.
Anglo American Plc has finalized a yearlong iron ore supply deal with China's state-backed buyer, joining other major miners like BHP Group Ltd. in securing agreements with the Chinese group.
An Indian iron ore producer has been authorized to work towards restarting a giant copper mine in Papua New Guinea. The mine has been closed for nearly 40 years and was previously a flashpoint in a civil war.
Deutsche Bank has frozen funds belonging to iron ore trading house Radiant World, as major mining companies begin to sever ties with the firm.
A Rio Tinto executive predicts that the depletion of iron ore mines will help support prices over the next decade.
Iron ore prices have fallen to their lowest level in over a year, driven by concerns surrounding a major physical trader of the commodity and a challenging demand outlook.
Vitol Group and Cargill Inc. have ceased trading with Radiant World, a major iron ore trader, while Glencore Plc is also halting new business, all due to concerns over fake invoices.
Simon Trott, CEO of Rio Tinto, the world's second-largest miner, reported that iron ore demand continues to be resilient and stable. He shared his insights during an interview on Bloomberg.
Kumba Iron Ore Limited has released its financial results for the first half of the year.
Nigeria aims to boost its steel industry by leveraging three billion tonnes of untapped iron ore reserves, exploring both the challenges and opportunities for growth.
Fenix Resources has received approval for its Beebyn-W10 iron ore mine project in Western Australia.
BHP has given the green light to a $900 million expansion project for its iron ore operations in the Pilbara region.
Nigeria is looking to unlock its abundant, largely untapped solid mineral resources, including gold, lithium, and iron ore, to diversify its economy beyond crude oil and secure its industrial future.
China's state iron ore buyer has extended restrictions on Fortescue, impacting the Australian mining company's operations and trade relations.
Fortescue's iron ore shipments are reportedly being held up as negotiations with China have stalled.
The Enforcement Directorate (ED) has attached assets exceeding ₹1,023 crore in a Goa illegal mining case, specifically targeting the Salgaocar Groups.
Iron ore prices have fallen below $100 for the first time since March, attributed to signs of abundant supplies in the market.
Iron ore prices have fallen to a two-month low following a sudden surge in exports from Guinea's Simandou project, impacting global market dynamics.
China's state-owned purchasing entity is reportedly seeking to scrutinize new iron ore supplies from Fortescue.
BHP is reportedly reducing its green initiatives within its iron ore segment, according to media reports cited by Bloomberg.
Iron Ore Falls to Two-Week Low on China Steel Demand Concerns Bloomberg.com
Iron ore prices have risen, driven by consistent demand from China which is currently counteracting concerns over potential supply disruptions.
A market brief provides updates on several companies including EnergyPathways, Coiled Therapeutics, Zanaga Iron Ore, Seeing Machines, QBT, and Union Jack Oil.
Iran has reported a 1.1% increase in its annual iron ore concentrate output, signaling growth in the country's mining sector.
China Mineral Resources Group (CMRG) is reportedly close to finalizing an iron ore deal with Fortescue, following a prior agreement with BHP.
Mining giant BHP has finalized an iron ore deal with China's state buyer, concluding months of negotiations. This agreement follows a period of standoff and comes as BHP reported a 3% rise in its third-quarter iron ore output.
Mining giant Rio Tinto announced a rise in its first-quarter iron ore and copper production, with iron ore sales notably jumping due to strong performance in its Pilbara operations. The company's latest report details its output for the period.
Iron ore prices have seen an increase following the release of upbeat economic data from China, impacting global markets.
China has reportedly lifted its bans on iron ore imports from BHP, a move that comes after a visit by a BHP executive. This development signals an improvement in trade relations between China and the Australian mining giant.
Macarthur has successfully partnered with a mining heavyweight to underpin its iron ore development ambitions in Western Australia.
Despite a bearish outlook on copper and iron ore, the broader analyst sentiment remains bullish on Rio Tinto (RIO), suggesting confidence in the company's overall performance.
A new episode explores the future prospects and challenges facing Australia's iron ore sector.
India's iron ore output is projected to increase significantly in 2026, driven by ongoing project expansions within the sector.
In Crimson Desert, you’ll need to get lots of iron ore in the early and mid-game to upgrade your equipment. Here’s some advice on how to find it.
NMDC, India's largest iron ore producer, has announced a record production of 50 million tonnes of iron ore, marking a significant milestone in its operational history.
Labrador Iron Ore Royalty has declared a dividend of CAD 0.30, which represents a 14.3% decline from its previous payout.
China has reportedly expanded its restrictions on iron ore imports from mining giant BHP.
Australia's iron ore production is projected to increase in 2026, driven by the ramp-up of existing projects and the initiation of new ones.
Largo has terminated an iron ore sale agreement and is currently evaluating the potential impact of a tariff ruling on the vanadium market.
Iron Ore Set for Longest Losing Run Since 2022 on Supply Signs Bloomberg.com
Vale's stock experienced a decline as concerns over iron ore prices and demand from China weighed on its margins.
Singapore-based iron ore company Radiant has been battling liquidity squeeze
A local trade-finance company has filed a major lawsuit in Singapore against Radiant World Corp. and its founder, intensifying legal scrutiny on the commodities firm.
Rescue teams located and saved two Chinese nationals days after a China-bound iron ore vessel lost contact approximately 200 nautical miles off the Odisha coast. The incident highlights ongoing maritime safety concerns in the region.
Afrimat warns of hardest times in 20 years as iron ore buckles News24
Singaporean police and authorities have initiated an investigation into the iron ore trading company Radiant World. The nature of the inquiry was not immediately disclosed.
Fortescue Ltd.’s full-year profit declined despite strong iron ore prices, as the company faced persistent challenges from China’s property slowdown and ongoing negotiations with its state-backed buyer.
BHP has reported a significant shift in its revenue streams, with profits from copper now exceeding those from iron ore for the first time. This change is attributed to strong global demand for both commodities.
The Justice Department and a U.S. financial regulator are reportedly investigating transactions involving Radiant World, a private firm that has rapidly grown to become one of the world’s largest iron ore traders.
Mining giant Vale and technology company ABB have signed a deal to expand automation initiatives at Vale's iron ore plants located in Brazil.
Unionized workers at BHP Group’s Port Hedland iron ore export hub in Western Australia have initiated rolling 24-hour strikes. This action escalates a pay dispute ahead of further meetings with the company.
China's state-owned CMRG has reportedly instructed some steel mills to cease negotiations with mining giant Rio Tinto for iron ore shipments scheduled from September.
Qatar has indicated progress in US-Iran negotiations aimed at reopening the Strait of Hormuz, with the Qatari Emir holding discussions with Donald Trump. Iran and Oman are reportedly close to a deal that would involve a service fee for passage through the strait.
An iron ore empire, Radiant World, which boasted of its 'diverse network' of suppliers and counterparties in a December 2024 corporate presentation, is now facing questions about its foundation of trust.
Iron ore prices increased as traders assessed potential supply risks stemming from ongoing rolling strikes at BHP's key iron ore export port in Australia. The industrial action by port workers at the world's largest mining company's facilities raised concerns about disruptions to global iron ore shipments.
The General Operations Force in Kelantan, Malaysia, detained six men and seized 360 tonnes of iron ore and equipment worth RM2.98 million in a mining raid.
India's top iron ore-producing state is intensifying quality-control checks after some miners were found misrepresenting grades to pay lower royalties, a move that could impact domestic and export markets.
American YouTuber Drew Binsky recounted his experience of surviving a night on the dangerous iron ore train in Mauritania, known as one of the world's most perilous train journeys.
The Indian government is set to expand its index of core industries from eight to nine sectors by including iron ore, reflecting its growing economic significance.
Operations in BHP's key Pilbara region in Australia have been threatened as iron ore workers go on strike, amidst new project developments including the Simandou mine in Guinea.
Workers at BHP's Port Hedland operations, the world's largest iron ore export terminal, are set to launch an eight-hour strike. The industrial action is expected to impact the company's iron ore exports.
Shares of Fortescue fell significantly after reports emerged that China is implementing restrictions on iron ore shipments, impacting the Australian mining giant's market performance.
Iron ore prices are set to record their seventh straight weekly loss as the market continues to soften.
Guinea is increasing its iron ore exports to China to supply 'green steel' production lines, taking advantage of higher prices and impacting shipping services.
Several companies, including U.S. Bancorp, Dell, Labrador Iron Ore Royalty, MSC Industrial Direct, First Internet Bancorp, Mastercard, CareTrust REIT, and Thor, have declared dividends. Additionally, earnings previews have been released for CarMax, Jabil, Smith & Wesson Brands, and Safe Bulkers.
RBC Capital Markets has cut its rating for Rio Tinto to 'Sell' equivalent, citing expectations for a continued decline in iron ore prices.
Electrical workers at BHP's key Australian iron ore export hub are threatening to strike by the end of June. They will vote on industrial action, potentially impacting the company's operations.
BHP quietly scrapped plans to build a processing facility in Pilbara that would have drastically cut emissions by producing higher quality iron ore, despite global pressure on steelmakers to curb pollution.
Iran has reported the production of over 62 million tons of iron ore pellet within a year, highlighting its significant output in the mining sector.
Traditional blast furnaces used to transform iron ore into steel continue to consume fossil coal, making steel production a significant contributor to atmospheric warming through greenhouse gas emissions.
Iron ore prices increased as China's market reopened after a holiday, stimulating buying activity.
Authorities in Kabale, Uganda, have issued a warning to iron ore crushing companies regarding environmental pollution and engagement in illegal mining activities.
Thailand's steel and iron industry is severely impacted by soaring oil prices, exacerbated by the Middle East conflict. Higher shipping costs for imported iron ore are pushing production expenses to new heights, threatening the sector's stability.
Australian mining giant BHP has concluded a dispute with a major Chinese iron ore purchaser, signaling a resolution in their commercial relations.
Geologists have identified and dated the largest iron ore deposit ever found on Earth, located in the Hamersley Province of Western Australia, valued at an estimated $5.7 trillion.
Gina Rinehart and rival family members are awaiting a court judgment that will determine whether the spoils of some of Hancock Prospecting’s iron ore projects must be shared with her father’s business partner's family.
Iron ore prices have declined after the incoming CEO of BHP met with the head of Chinalco in China, signaling potential market shifts.
Mesabi Metallics has successfully secured USD 150 million in funding from Macquarie Group to advance its iron ore project located in Minnesota.
Brazil's iron ore production is projected to increase, driven by the strong performance of mining giant Vale.
Top iron ore miner Vale is reportedly targeting India for future growth as China's economic influence in the sector begins to fade.
India's iron ore imports are forecast to reach a seven-year high during the 2025–2026 period, according to a Reuters report.
Iron ore prices have declined following the decision by CMRG to temporarily ease its supply restrictions, impacting the global commodity market.
Labrador Iron Ore Royalty has released its fourth-quarter financial results, reporting a Non-GAAP earnings per share of C$0.34 and revenue of C$39.5 million.
Learn how Pokémon in Pokopia can help you craft and build by processing materials like lumber, iron ore, and more.
China's government has voiced support for intellectual property consumption, leading to a rise in Pop Mart shares, and has also vowed measures to support the steel sector, causing iron ore prices to increase. The country is also targeting steel and refining capacity.
The Port of Rotterdam has reported a decrease in cargo volumes for the fourth year in a row, primarily due to reduced transshipment of mineral oil products, iron ore, and coal.
Anglo American is reportedly leaning on its subsidiary, Kumba Iron Ore, to strengthen the foundations of a 'just transition,' indicating a focus on equitable and sustainable practices within their operations.
Rio Tinto announced flat earnings, as a decline in iron ore profits offset gains in other areas.
BHP Exploring Infrastructure Deals as It Chases $10 Billion Target The Wall Street Journal
The Forrestania local government has awarded a $104 million development contract to MEGA Resources for the Johnson Range iron ore project in Western Australia.
Leading financial institutions and commodity giants like Glencore are distancing themselves from the little-known iron ore trader following investigations into fraudulent invoicing practices.
The Australian iron ore miner is considering raising approximately 3 billion yuan ($446 million) through a landmark bond offering in China, navigating geopolitical headwinds to access local capital markets.
The Tunisian coast guard has recovered eight bodies after a migrant boat sank off the coast of Ben Gardane. Search efforts are ongoing for other potential victims of the shipwreck.
Fortescue announced a 3% rise in annual profit for FY26, driven by record iron ore shipments and progress in its green fleet rollout.
BHP has reported full-year profits that surpassed market estimates, with copper's performance outstripping that of iron ore for the first time.
Glencore Plc acquired warrants last year that would have given it a minority stake in Radiant World, an iron ore trader currently under scrutiny for allegedly providing falsified documents to banks.
Mining company Anglo American has finalized an iron ore supply agreement with a state-owned buyer in China.
Vale and ABB are collaborating to implement more artificial intelligence and automation solutions at iron ore processing plants.
Several Chinese traders and steel mills have reportedly ceased dealings with iron ore traders Radiant World and Sapphire Minmetals Corp., according to sources familiar with the situation.
China's primary steel-industry group has called for increased adoption of yuan-denominated index pricing in the iron ore market, asserting that such a change would more accurately reflect supply and demand dynamics for the commodity.
Extremely low water levels in major European rivers like the Danube are causing significant disruptions to shipping routes and raising concerns about an impending energy crisis across Central European countries. The drought conditions have also revealed previously submerged World War II-era Nazi ships in the Danube.
Workers at BHP's Port Hedland iron ore operations are poised to go on strike on August 8-9, according to their union.
The trading arm of Chinese copper giant CMOC Group Ltd. is venturing into the iron ore market through a financing agreement with a mining company in Brazil.
Ferrexpo has announced the suspension of its seaborne shipments of iron ore pellets. This decision follows recent Russian attacks on Ukrainian ports located in the Odesa region.
Fortescue Ltd. Executive Chairman Andrew Forrest called for China and Australia to 'always negotiate fairly' as the miner faces pressure from Beijing's state-backed iron ore buyer over stalled supply negotiations.
India's core sector growth accelerated to 5% in June, with iron ore making a significant debut with a 43.9% rise, according to a new data series.
Workers at BHP's Port Hedland iron ore operations have staged a strike, even as the company announced record full-year iron ore output.
Rio Tinto announced a 7% increase in iron ore sales for the second quarter of 2026, while also lowering its copper cost guidance. The company reported an overall rise in iron ore sales during this period.
Iron ore prices have increased, attributed to curbs imposed by Fortescue and a surge in buying activity following a recent slump in the market.
Iron ore prices are advancing following reports that China Mineral Resources Group (CMRG) may block some deliveries from Fortescue. This potential disruption to supply is influencing market dynamics and pushing prices higher.
Shareholders of Vale, the world's largest iron ore miner, are heading to a vote after the company's board rejected a push to remove its chair, raising concerns about political interference.
An article from Tehran Times discusses news related to Fortescue, an Australian iron ore company.
Electrical workers at BHP's Port Hedland iron ore export hub have voted in favor of strike action, potentially impacting operations at the major Australian port.
Reuters reports that China has instructed its steelmakers to avoid discussions with Fortescue regarding a new iron ore product.
BHP's head of WA iron ore operations admitted to stalled emissions reductions, unable to provide a firm timeline for replacing diesel trucks, while the WA premier emphasized miners' 'moral obligation' to decarbonize.
Mining giant Rio Tinto has announced the dispatch of its eight-billionth tonne of iron ore from its Pilbara operations.
Zanaga Iron Ore has announced a new retail offer, providing an opportunity for investors to participate, according to TradingView.
Zanaga Iron Ore has announced positive costing outcomes for its Direct Reduced Iron (DRI) plant project.
Labrador Iron Ore Royalty has announced its GAAP Earnings Per Share (EPS) of C$0.21.
Australia's export prices saw a modest 0.5% growth in the first quarter, primarily due to weakness in iron ore, while import prices increased by 0.1%. Concurrently, gas prices in Bulgaria are expected to see a slight increase.
Australian mining giant BHP has decided to use a yuan-denominated index for a major Chinese buyer, a move analysts say challenges the US dollar's long-standing dominance in iron ore pricing and supports yuan internationalization.
Mining giant Rio Tinto announced increased production figures for iron ore and copper in the first quarter of the year, indicating strong operational performance.
Iron ore prices have increased, driven by upbeat economic data from China that has boosted market sentiment.
China is said to be relaxing restrictions on certain iron ore cargoes from BHP, indicating a potential shift in trade policies.
Approvals for the Macarthur project are bringing the Western Australian iron ore play closer to production.
Bank of America (BofA) has upgraded its rating for Vale stock to 'Buy,' noting the decision comes amidst a broader market selloff influenced by the Iran conflict and the company's iron ore strength not being reflected in its share price.
Iron ore prices have continued to extend their gains, following their best monthly performance since September 2024.
Andrew Forrest, Chairman of Fortescue, has called on China to bring an end to the ongoing iron ore price war, highlighting concerns over market stability.
Iron ore miners could face billions more in fuel costs due to Iran war, Fortescue says Reuters
An iron ore project in Lohardongri has been put on hold, leading an activist to end his hunger strike in Nagpur. The decision follows protests against the project.
China has reportedly expanded its ban on BHP iron ore imports, a move that comes amidst ongoing contract negotiations between the two entities.
The new per tonne price of Baila Lump is ₹4,800 and Baila Fines ₹4,050
Railways of Republika Srpska have suspended the transport of iron ore from Omarska to Zenica. This decision was made due to business problems between the largest client, "Nove Ljubije" from Prijedor, and "Nova željezara" from Zenica.
Fortescue has reported record iron ore shipments, coinciding with ongoing price negotiations with China, highlighting strong performance in the commodities market.
Adani Ports has signed a Memorandum of Understanding with NMDC and Brazil-based Vale to develop an iron ore blending facility and a dedicated Special Economic Zone (SEZ) at Gangavaram Port, an agreement reached during the India–Brazil Business Forum Summit.
Metso has secured an order for an iron ore project, indicating new business for the industrial machinery company.
Iran's economy shows growth in key sectors, with iron ore concentrate output rising 9% and lump ore up 44% over nine months, while date exports increased 25% in 2024, generating $213 million.