Iron ore king vows to protect market from days of boom and bust

Having trouble viewing this email?  View online Iron Ore News Digest Wednesday 23 May 2018 Home    Coal    Copper    Iron Ore    Nickel    Rare Earth    Oil Sands    Uranium    Zinc Iron ore king vows to protect market from days of boom and bust Fabio Schvartsman is pursuing a disciplined approach, keeping tens of millions of tons in the ground each year to prevent another painful glut. read » How to lead digital transformation "You're starting to see AI being used in some quite interesting ways within processing." read » Young Australians oblivious to mining Despite mining contributing about 6 per cent of the country's GDP, a study revealed that almost six out of 10 of young Australians know nothing at all about mining careers. read » BHP faces shareholder class action over Brazil mine disaster Australian law firm Phi Finney McDonald alleges BHP knew the dam was at imminent risk of breaking but did not tell markets. read » Rio Tinto says climbing costs, resource nationalism once again big threats Chief executive Jean Sebastien-Jacques said the challenge for the industry is to ensure the benefits from the past frugal years are not lost against a backdrop of rising oil prices and increased political risk. read » Canada / U.S. big players announce world's first carbon-free aluminum smelting process Alcoa and Rio Tinto announced the launching of Elysis, a joint venture company whose goal is to push towards commercial production a newly discovered, carbon-free aluminum smelting process. read » Rio Tinto to double number of autonomous drills at Pilbara mines Driverless trucks at the same iron ore operations already haul over a quarter of both ore and waste material. read » Chilean tribunal gives Dominga iron ore-copper project a second chance Antofagasta's First Environmental Tribunal decided to reverse a decision that forbade the Dominga copper and iron ore project from going forward. read » Federal Council rejects mining referendum in Colombian town The council endorsed a plea introduced by mining workers against a ruling by the Cundinamarca Administrative Court. read » One asset leads South African miner's growth in Q1-2018 Kumba Iron Ore reported a 4 per cent increase in overall production in the first quarter that ended March 31, 2018. read » Caterpillar results prove global economy in good shape The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations. read » Anglo delays Minas Rio restart until year-end, will lose about $400 million The announcement is the last of a string of difficulties Anglo has faced with the iron ore mine, which was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes. read » This iron mountain looks more like a molehill: David Fickling Ore imports aren't just going up because China's producing more steel: They're rising because it's producing less iron ore as well. read » Iron ore market dynamics are shifting beneath calm facade: Russell Structural changes in the world's biggest importer, China, are re-shaping how the industry works. read » Congo billionaire seeks French loan to develop iron-ore railway The 450-kilometer (280-mile) track will link the southwestern town of Mayoko to a port at Pointe Noire. read » EU heads discuss bold-or-fold strategy toward Trump tariffs European leaders sought unity on Wednesday toward threatened U.S. import tariffs on steel and aluminium, balancing the views of those most fearful of a trade war and those determined not to be bullied into concessions. read » Materials buoy Aussie shares as BHP hits highest since August 2014, NZ at record BHP shares rose nearly 2 percent, hitting their highest in about 45 months. read » China's steelmaking raw materials extend gains on firm demand outlook The price of steelmaking raw materials in China rose for a second session on Monday on optimism that steel mills will replenish stockpiles as steel production increases and as iron ore inventories at ports decline. read » Biggest miner says China's shift to quality iron-ore will hold BHP forecasts reforms in China's steel sector will continue to hand an advantage to suppliers of higher-quality iron ore and coking coal as consumption of the alloy keeps growing well into the next decade. read » China's iron ore rises on renewed steel output; 2nd day of foreign trade Utilisation rate at mills climb back to November level. read » China opens iron ore market to the world in pricing, image push China to allow foreign investors in iron ore futures from Friday. read » Black Iron ranked by CRU as the lowest cost pellet feed iron ore development project CRU's independent study shows that Black Iron's projected operating and construction capital costs position the company well in the global iron ore market. read » Brazil's Vale 1st-qtr profit slumps by a third as costs rise The world's largest iron ore producer posted a 36 percent slump in first-quarter profit compared to the same quarter a year earlier. read » What to watch in commodities: aluminum, shale, Ag giants, China Aluminum remains in focus almost a month after the U.S. introduced sanctions against United Co. Rusal, then eased off. read » Vale eyes $1 bln in dividends each quarter this year The comments came a day after Vale reported a first-quarter slide in profit of 36 percent on higher costs and lower iron ore prices. read » Read more Iron Ore news on MINING.com » Home    Coal    Copper    Iron Ore    Nickel    Rare Earth    Oil Sands    Uranium    Zinc About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. Suite 900, 580 Hornby Street, Vancouver, BC, Canada V6C 3B6 | +1 604 683 2037 |[email protected].Please visit cem.infomine.com for more information. Copyright InfoMine. You are receiving this email because the email address fernandoqueens@gmail.com was subscribed to the MINING.com email list "MINING.com Iron Ore News Digest". You mayunsubscribe at any time. The information contained in “Iron Ore News Digest” is collected from a variety of sources on a “best intentions”basis. 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