Canadian Mining Journal

Iron Ore

  • News

    Rio Tinto to attempt producing low-carbon iron in Canada

    February 18, 2021 by Cecilia Jamasmie

    The world’s second largest miner Rio Tinto (ASX, LON, NYSE: RIO) has teamed up with two European companies to explore production of low-emissions hot briquetted iron (HBI) in Canada, amid increasing pressure from stakeholders to make steelmaking a more environmentally-friendly

  • News

    Rio Tinto to tackle customers emissions, issues biggest dividend ever

    February 17, 2021 by Cecilia Jamasmie

    Rio Tinto (ASX, LON, NYSE: RIO) has rewarded investors with the biggest dividend in its 148-year history and laid out plans to tackle the vast carbon footprint of its global customers, in an effort to leave behind what its new

  • News

    Iron ore price jumps as Vale reports low output

    February 4, 2021 by MINING.COM Staff

    Iron ore futures jumped on Thursday, after Vale reported fourth-quarter output of 84.5 million tonnes, a 5% decline over the third quarter (when it generated 88.6 million tonnes). According to Fastmarkets MB, benchmark 62% iron fines imported into northern China (CFR Qingdao)

  • Brazilian state rejects Vale’s US$4B offer for dam disaster

    November 19, 2020 by Cecilia Jamasmie

    The head of the Brazilian state of Minas Gerais, where Vale’s (NYSE: VALE) Brumadinho dam collapsed in January 2019 leaving 270 people dead, has rejected the miner’s proposed settlement of around 21 billion reais (US$3.97 billion). Minas Gerais’ Secretary General

  • Champion Iron to acquire Kami out of Alderon restructuring

    November 17, 2020 by Canadian Mining Journal Staff

    Champion Iron plans to acquire the Kamistitusset iron ore project in southwest Newfoundland – only a few kilometres away from its Bloom Lake mine – for total consideration of $34.4 million. The project’s former owner, Alderon Iron Ore, defaulted on

  • News

    Black Iron advances offtake and construction agreements for Ukraine project

    October 13, 2020 by Canadian Mining Journal

    Ukraine-focused iron developer Black Iron has provided an update on the progress of a formal offtake process and construction and investment agreements for its Shymanivske iron ore project. Black Iron is reviewing proposals from the first round of submissions from

  • News

    FPX releases ‘large-scale’ PEA for Baptiste

    September 9, 2020 by Canadian Mining Journal

    FPX Nickel has released the results of a preliminary economic assessment (PEA) on the Baptiste nickel project in the company’s Decar nickel district, in B.C., which, according to Martin Turenne, the company’s president and CEO, “establishes Baptiste as a premier

  • News

    COMMODITIES: B of A forecasts US$3,000 gold, US$35 silver

    August 12, 2020 by Northern Miner Staff

    UNITED STATES – In April, Bank of America Global Research increased its 18-month price target on gold from US$2,000 per oz. to US$3,000 per oz. and forecast an average gold price in 2020 of US$1,695 per oz. and US$2,063 per oz.

  • News

    IRON: Brazil Minerals encouraged by resource estimates for Iron project

    July 21, 2020 by MINING.COM Staff

    BRAZIL – Brazil Minerals announced that an independent technical report for the Iron project in Minas Gerais estimates that the project area contains 7.4 million tonnes of iron ore, within a deposit that is up to 45 metres deep. The 16.7-sq.-km

  • News

    Baffinland Iron Mines and Inuit association strike landmark agreement

    July 13, 2020 by Kelsey Rolfe

    A new multimillion-dollar agreement between Baffinland Iron Mines and the Qikiqtani Inuit Association (QIA) that includes a substantial royalty increase, Inuit oversight of environmental monitoring and direct community benefits may have set a new standard for Indigenous involvement in mining

  • BLOCKCHAIN: BHP, China Baowu complete iron ore transaction on digital platform

    June 29, 2020 by MINING.COM Staff

    VANCOUVER – MineHub Technologies has announced that BHP Billiton and China Baowu have completed their first iron ore trade on MineHub’s blockchain-based platform. The platform is a decentralized digital system with underlying blockchain technology that connects buyers, sellers and service

  • News

    CONVEYORS: CPS supplies BHP with Pilbara’s first all-composite roller conveyor

    May 6, 2020 by Canadian Mining Journal

    AUSTRALIA – CPS, an Australian company specializing in conveyors, has announced that, over the next few months, approximately 50 km of conveyor belt will be fitted to the first all-composite roller overland conveyor in the Pilbara. CPS designed, engineered and