Canadian Mining Journal

Iron Ore

  • News

    Exclusive iron ore port could boost Vale expansion plan

    March 22, 2021 by Bruno Venditti

    The global production of iron ore products reached 2.2 billion tonnes in 2020 and is expected to reach 2.35 billion tonnes in 2021, according to Fastmarkets. Despite the Covid-19 pandemic, China has imported a record amount of iron ores, pushing

  • News

    Vale starts operations at Vargem Grande filtering plant

    March 18, 2021 by MINING.COM Staff

    Vale (NYSE: VALE) has gradually started operations at a waste filtering plant in the Vargem Grande complex, the first of four the company plans to install at sites in Minas Gerais, Brazil, at a cost of US$2.3 billion between 2020 and

  • News

    Labrador Iron releases PEA on construction-ready Houston in eastern Canada

    March 9, 2021 by Canadian Mining Journal Staff

    A preliminary economic assessment from Labrador Iron Mines Holdings (OTC: LBRMF) on its 52%-held Houston project on the Labrador-Quebec border suggests a 12-year open pit producing 2 million tonnes per year of material grading 62% iron. With a year-round mining

  • News

    Friedland-backed HPX to fast-track Guinea iron ore project

    March 9, 2021 by Cecilia Jamasmie

    Billionaire Robert Friedland-backed High Power Exploration (HPX) said on Monday it had raised $200 million for its proposed Nimba iron ore mine in southeastern Guinea, home to some of the world’s highest-grade deposits, including the giant Simandou. The funds received will

  • 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.