Rio, Japanese partners to inject $1.55B into Aussie iron ore projects

Having trouble viewing this email?  View online Iron Ore News Digest Wednesday 24 October 2018 Home    Coal    Copper    Iron Ore    Nickel    Rare Earth    Oil Sands    Uranium    Zinc Rio Tinto, Japanese partners to inject $1.55B into Aussie iron ore projects The company said the investment would enable it to sustain production of its Pilbara Blend brand of iron ore and its Robe Valley lump and fines products. read » CITIC goes after Palmer's Mineralogy over iron ore project claims Aussie mining tycoon Clive Palmer is being sued by China's largest conglomerate, CITIC, over his alleged "refusal" to co-operate in making more land available on a major iron ore project in Western Australia. read » Caterpillar plummets after flagging tariffs-triggered high material costs The world's no.1 heavy machinery maker reported third-quarter earnings that topped analysts' estimates, but said the ongoing trade dispute resulted in $40 million in extra costs for materials in the period. read » Anglo American to restart operations at Minas Rio before year-end Operations will resume before year end, but a planned ramp-up to 26.5 million tonnes per year is likely to be pushed back to 2021 from 2020. read » BHP and Vale reach final settlement in Brazil over dam failure The definitive agreement comes almost three years after the incident, which killed 19 people and became the country's worst ever environmental disaster. read » South Africa's mining industry growth hindered by precious metals performance — PwC Yet, capital expenditure for the sector recovered from the lowest levels in ten years to reflect a 19% increase. read » Anglo will dig more platinum and diamonds than expected While prices remain stagnant and demand uncertain, the company is churning out more stones than at any other time in the past decade. read » Strike at Shougang's iron ore mine in Peru halts exports-manager Some 800 workers, including at the port San Juan de Marcona, have taken part in the indefinite strike after negotiations over a new contract broke down. read » China's winter pollution cuts may boost high-grade iron ore The logic is sound: If steel mills are given pollution restrictions, they will use the best possible quality iron ore to maximise the amount of steel produced relative to the energy consumed. read » ArcelorMittal declares force majeure for Duisburg-Ruhrort site Force majeure declared due to the Rhine river's low water levels. read » You can run but you can't hide, CEO tells Goldman analyst Its an accounting thing. read » Rising iron ore prices seem to defy economics China's switch from industrial-led to consumption-led growth seems to be showing up everywhere except the production numbers of iron-ore miners. read » BHP says it has seen no material impact from trade tensions Though we have not seen a material impact on our business, we remain cautious in the near term read » ArcelorMittal to make $1B creditor payment to bid for Essar Steel The move comes two weeks after India's top court said ArcelorMittal's bid for Essar Steel would become valid only if the acquirer cleared outstanding debt of Uttam Galva Steels and KSS Petron. read » Vale sees possible Samarco restart in 2020, BHP uncertain on date Samarco, a joint mining venture between Brazil's Vale and BHP Billiton, could resume production at a third of its capacity at the beginning of 2020. read » United States seeking Mexican steel export quotas – negotiator The United States is seeking to impose quotas on Mexican steel exports as part of a negotiation to remove metals tariffs. read » Ford sees higher metal costs, hopes China and US can settle trade issues U.S. steel costs are higher than anywhere else in the world, they're certainly up year over year and they're up versus what we were expecting – Joe Hinrichs, Ford VP read » Global steel body hikes demand forecasts, but says risks remain Steel demand expected to rise by 3.9% in 2018, but trade tensions are clouding global economic outlook. 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. 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