Fortescue beats on first-half profit, posts strong dividendImports to China, the world's largest iron ore consumer, hit a record high last year on strong demand.Reuters | February 21, 2024 | 4:24 pm
Rio Tinto board gives go-ahead on Simandou iron ore project"The board yesterday approved the largest mining project in the…Staff Writer | February 21, 2024 | 9:47 am
Rio Tinto reports 12% profit drop but returns more cash to investorsThe miner said it expects Pilbara production costs to rise…Reuters | February 21, 2024 | 7:50 am
Third mine disaster in a decade tests ESG boundaries in Brazil Again and again, Brazil is showing just how quickly money managers are willing to shrug off disasters. Bloomberg News | January 29, 2024 | 9:53 am
Chinese engineers are keeping Russia’s metal furnaces firing A $840-million coking plant in the steel town of Magnitogorsk is being built by a Chinese engineering giant and hundreds of Chinese workers. Bloomberg News | January 27, 2024 | 6:16 pm
Lula never discussed Vale’s CEO succession, says Brazil minister Reuters recently reported that President Lula wanted Mantega to be appointed to a board seat at the mining giant. Reuters | January 26, 2024 | 9:43 am
BHP to review $9.7 billion charge over Brazil dam failure The fine is part of a broader claim seeking $31.5bn for reparation, compensation and moral damages tied to the Fundão dam failure in 2015. Cecilia Jamasmie | January 26, 2024 | 4:03 am
Brazil judge orders Vale, BHP and Samarco to pay $9.7 billion in damages The Samarco Fundão dam burst in November 2015 — it was Brazil’s worst environmental disaster. Staff Writer | January 25, 2024 | 12:01 pm
Brazil’s Lula slams miner Vale over 2019 Brumadinho disaster The Brazilian President criticized Vale for "not having done anything to repair the destruction". Reuters | January 25, 2024 | 10:24 am
Fortescue to work with China officials to clear iron ore shipments Two iron ore cargoes from the world's No.4 supplier were facing unusual customs delays at north China's Caofeidian port. Reuters | January 25, 2024 | 9:35 am
Plaintiffs demand 582m euros from TÜV Süd over Brazil dam burst TÜV Süd's lawyers have referred responsibility to Vale. Reuters | January 25, 2024 | 6:09 am
BHP diverts shipments to avoid Red Sea attacks The world’s largest miner said most of its shipments don't go through this route, adding there have been no major disruptions so far. Cecilia Jamasmie | January 25, 2024 | 3:48 am