Rio Tinto’s ‘world’s largest robot’ delivers first iron ore load

Having trouble viewing this email?  View online Iron Ore News Digest Wednesday 25 July 2018 Home    Coal    Copper    Iron Ore    Nickel    Rare Earth    Oil Sands    Uranium    Zinc Rio Tinto's 'world's largest robot' delivers first iron ore load The autonomous train, consisting of three locomotives and carrying around 28,000 tonnes of iron ore, travelled from Tom Price mine to the port of Cape Lambert read » Canada scaring mining investors with long, unclear permit processes Study released Tuesday by the Fraser Institute, British Columbia, Ontario and Quebec are the three main provinces where exploration permit processes have grown longer and less transparent over the past 10 years. read » BHP to fight class action over Samarco dam failure Law firm leading the action says it has more than 3,000 investors signed up to pursue the miner for losses. read » Debt financing doubles "Not a typical financing vehicle for non-revenue generating exploration companies." read » Cleveland-Cliffs EPS jumps 171% in 2Q U.S. iron ore pellet sales volume expectation to increase to 21 million long tons. read » Miners wrote off almost one-third of investments over last decade From the $939bn invested in major projects between 2008 and 2017, the world's top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay. read » Vale's iron ore output hit fresh record high despite trucker strike Iron ore output hit 96.755-million tonnes in the three months to June 30, while pellet output reached 12.838-million tonnes, despite a nationwide truck drivers strike that paralyzed the country in May. read » BHP secures iron mining rights in Australia's Pilbara for another century Western Australia's Environmental Protection Authority has green-lighted a 50 to 100-year blueprint for the miner's operations in the Pilbara. read » Nautilus Minerals tanks on shipbuilding contract cancellation Fresh setback for the company's Solwara 1 project, expected to be the world's first seabed gold, copper, silver mine. read » Former Rio Tinto exec jailed for corruption in China let free The ex-head of iron ore business in China, Stern Hu, spent almost nine years in a Shanghai prison after a 2010 conviction for corruption and industrial espionage. read » Brazilian ex-billionaire Batista sentenced to 30 years in jail for bribery Eike Batista, who was once one of the richest men in the world, was found guilty of bribing former Rio de Janeiro governor Sergio Cabral in exchange for contracts. read » Australia govt sees more iron ore price pain Top iron ore exporter forecasts a return to the $50s as Chinese imports starts annual decline after decades of growth. read » Gold mining the least polluting in the metals sector — WGC It depends on how you measure it. read » US steel users challenge Trump's authority to impose tariffs in court In a lawsuit filed Wednesday the American Institute for International Steel and two of its member companies argue that the US president's tariffs on steel and aluminum imports are unconstitutional. read » Kumba brings in targeted dividend policy, flags SA rail issues The iron-ore mining company is introducing a targeted dividend ratio policy of 50 to 75% of headline earnings. read » Iron ore beats back bears as trade fight batters commodities The commodity's resilience in recent weeks even as trade tensions flared is a boon for global miners including Rio Tinto Group, BHP Billiton Ltd. and Vale SA, all of which reported bumper production figures this week. read » BHP posts record annual iron ore output, beats Q4 forecasts Shares in the miner jumped more than 3% after both quarterly and full-year production rose 3% on improved productivity. read » Rio Tinto posts jump in iron ore output, flags stronger 2018 Rio said it expected iron ore shipments for the year to be at the upper end of its range of 330 million to 340 million tonnes, thanks to productivity improvements and fewer weather-related disruptions compared to Q2 2017. read » Top-grade iron ore may spike to $100 High-grade iron ore may spike to $100 a metric ton as China intensifies a clampdown on pollution by restraining industrial activity. read » S. Africa seeks re-opening of shuttered mines to boost economy Mineral Resources Minister Gwede Mantashe believes mines on care and maintenance are bad for the economy. read » Nigeria to offer 12.7 bln naira mining contract to eight firms Nigeria will offer a 12.7 billion naira ($41.6 million) mining contract to eight companies in exploration and consultancy, its junior mining minister said on Wednesday. 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. InfoMine Inc. makes no representation or offers no warranty with respect to the adequacy of the information for any particular purpose.Any information presented in “Iron Ore News Digest” is not a solicitation to purchase or acquire any securities.Use of this service is an acceptance of this disclaimer. Visit our web site to read ourcomplete disclaimer.