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Chinaโs state-backed iron ore buyer and Rio Tinto Group have reached a multiyear agreement on supplies of the steel-making staple, adding to deals that the group has struck with leading global producers.
African Minerals, once valued at about US$3 billion, collapsed in 2015 and lost Sierra Leone's Tonkolili iron ore mine. Here is what investors should know. The post Sierra Leone Iron Ore Bust, Explained appeared first on The Rio Times.
Iron ore futures in Singapore slipped to a two-year low under $90 a ton, extending a retreat fueled by soft demand in China and too much global supply.
Rio Tinto Groupโs copper production remained steady in the third quarter as a strong performance at its Oyu Tolgoi mine in Mongolia offset declines elsewhere, while shipments of iron ore rose marginally.
Vale's New York shares fell 1.40% to US$13.42 as Chinese steel losses deepened and hot-metal output fell to a six-month low of 2.34 million tonnes. The post Vale ADR Falls 1.4% as China Steel Losses Deepen | Iron Ore, Oct 8 appeared first on The Rio Times.
Iron ore miner Fortescue Ltd. reported a drop in sales, as a standoff with state-backed buyer China Mineral Resources Group Co. over long-term supply contracts and price negotiations drags on.
Valeโs New York shares rose 2.83% after a court approved a partial restart of its Fรกbrica iron-ore mine. See the proxies and what to watch. The post Vale ADR Gains 2.8% as Court Backs Fรกbrica Restart | Iron Ore, Oct 5 appeared first on The Rio Times.
Radiant World is cutting staff beyond its core iron ore business after a Singapore court last week took control of the troubled commodity trader away from its founder.