Canadian Mining Journal

Iron Ore

  • 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

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    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

  • REPORT: Miners’ response to Brazil dam disaster still weak

    April 7, 2020 by Cecilia Jamasmie

    More than a year after the tailings disaster at Vale’s Brazil Córrego do Feijão iron ore mine that killed 270 people, the mining industry is still slow on adopting changes needed to prevent similar catastrophes, a new study shows. According to Amsterdam-based Responsible Mining Foundation (RMF),

  • PDAC 2020: Covid-19 weighs on mining outlook for 2020

    March 2, 2020 by Alisha Hiyate

    It’s usually difficult to find a seat at the commodities session on the opening day of the Prospectors and Developers Association of Canada (PDAC) convention held in early March in Toronto, but there was a noticeably smaller crowd at this

  • News

    AUTOMATION: Epiroc and ASI to automate fleet at Australian mine

    February 12, 2020 by Canadian Mining Journal

    SWEDEN – Epiroc, a productivity partner for the mining industry, has signed a contract with the Roy Hill iron ore mine in western Australia to deliver a fully automated haul truck solution to the 55-million-tonne-per-year operation.  Epiroc, in partnership with