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Rio Tinto Inks Deal to Unlock World’s Biggest Untapped Iron Ore Deposit

Rio Tinto Inks Deal to Unlock World’s Biggest Untapped Iron Ore Deposit

July 28th 2022
The parties have been in negotiations with the Guinea government, which has been pushing for the free-carry for its stake.
Fortescue Declared Record Iron Ore Shipments in FY22

Fortescue Declared Record Iron Ore Shipments in FY22

Fortescue reported record iron ore shipments of 49.5 million tonnes (mt) for the quarter and 189.0mt for FY22.
Brazilian Miner Vale Trimmed Iron Ore Output Guidance for the Year

Brazilian Miner Vale Trimmed Iron Ore Output Guidance for the Year

The sale of its operations in the Midwestern System too has contributed to the output guidance cut, it noted.
Rio Tinto Earnings to Take a Hit  During H2 This Year

Rio Tinto Earnings to Take a Hit During H2 This Year

The rising number of Covid-19 cases resulted in elevated levels of employee absences, which resulted in 2% dip in iron ore shipments in the initial half of the year.
Guinea Mining Ministry Orders Halt in Activities at Simandou Iron Ore Project

Guinea Mining Ministry Orders Halt in Activities at Simandou Iron Ore Project

The Minister had set deadlines of December 2024 for completion of infrastructure projects and March 2025 for commencement of commercial production.
U.S. Steel to Invest in Upgrading Minnesota Mine

U.S. Steel to Invest in Upgrading Minnesota Mine

The company will break ground on construction of a new system dedicated to producing DR-grade pellets in fall 2022 at one of its two Minnesota Ore Operations facilities, Keetac or Minntac.
Fitch Solutions Predicted Iron Ore Output Surge Until 2026

Fitch Solutions Predicted Iron Ore Output Surge Until 2026

Fitch predicts Australian iron ore production to grow at an annual average of 0.4% over the forecast period.
Rio Tinto Started Delivery of Iron Ore from Gudai-Darri Mine

Rio Tinto Started Delivery of Iron Ore from Gudai-Darri Mine

The mine had broken ground in April 2019.
Salzgitter and Rio Tinto Collaborates to Boost Green Steelmaking

Salzgitter and Rio Tinto Collaborates to Boost Green Steelmaking

It will focus on supply of sustainable raw materials to aid low-carbon steel production.
Sinosteel and Cameroon Signed New High-Grade Iron Ore Mining Deal

Sinosteel and Cameroon Signed New High-Grade Iron Ore Mining Deal

The company concluded an initial 20-year mining convention on May 6th in the capital city of Yaounde.
Fortescue Lifted Guidance for Full Year Shipments

Fortescue Lifted Guidance for Full Year Shipments

The Iron Bridge Magnetite project made significant progress and achieved key milestones during the quarter.
Guinea Reached Agreement with Miners to Restart Simandou Project

Guinea Reached Agreement with Miners to Restart Simandou Project

As per the agreement, a 670 kilometre railway will be developed from the Simandou site to a new deep water port.
Military Junta in Guinea Orders to Stop Simandou Project

Military Junta in Guinea Orders to Stop Simandou Project

In his statement, Mamady Doumbouya, interim president of the country said that there has been no progress by any means in the development of the project.
Rio Tinto Posted Robust Demand Despite Challenging Conditions

Rio Tinto Posted Robust Demand Despite Challenging Conditions

The company announced production guidance for 2022.

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