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BHP H1 FY2024 Profit Beat LSEG Expectations

BHP H1 FY2024 Profit Beat LSEG Expectations

The company declared an interim dividend of $0.72 per share, compared with $0.90 per share a year before.
Iron Ore Slides as Rising Stocks, Weak Steel Margins Blur Demand Outlook

Iron Ore Slides as Rising Stocks, Weak Steel Margins Blur Demand Outlook

The weakness in the Singapore benchmark came after it had climbed by over 3% over the holiday break when Chinese bourses were closed.
Goldman Sachs Predicted Deficit Iron Ore Market in 2024

Goldman Sachs Predicted Deficit Iron Ore Market in 2024

The leading iron ore producers such as Brazil and Australia reported lower-than-expected outputs, impacted by several operational challenges.
World Biggest Iron Ore Mining Project to Begin in 2025 in Guinea Republic

World Biggest Iron Ore Mining Project to Begin in 2025 in Guinea Republic

In total, the Group plans to spend around $30 billion by 2025 when analysts project the Simandou mine will begin exports.
Rio Tinto Expects Chinese Stimulus Boost to Propel Iron Ore Demand

Rio Tinto Expects Chinese Stimulus Boost to Propel Iron Ore Demand

The iron ore shipments by Rio Tinto had totalled 331.8 million tons during the previous year.
Chinese Iron Ore Imports Hit Fresh Peak in 2023

Chinese Iron Ore Imports Hit Fresh Peak in 2023

However, the imports stood higher upon comparison with 90.86 million tons of import during the same month a year before.
Rio Tinto Puts Cost of Giant Guinea Iron Ore Mine at $6.2 Billion

Rio Tinto Puts Cost of Giant Guinea Iron Ore Mine at $6.2 Billion

The Simfer development has an initial mine life of at least 26 years, and will ramp up to a rate of 60 million tons a year, with Rio’s share amounting to 27 million.
Rio Tinto Joined Hands with UNESCO to Boost Sustainable Development in Mongolia

Rio Tinto Joined Hands with UNESCO to Boost Sustainable Development in Mongolia

The partnership will collaborate on three primary areas- sustainable tourism, environment and climate change and high quality inclusive education.
Uganda Authorities Decided to Retain Minerals Export Ban

Uganda Authorities Decided to Retain Minerals Export Ban

It targets to curb illegal exploitation of natural resources and deliver transparent mineral trade.
Citi Raises Iron Ore Price Forecast to $140 on China Stimulus

Citi Raises Iron Ore Price Forecast to $140 on China Stimulus

Additionally, Commbank has voiced caution noting that past support measures have not prevented failures within real estate companies like Country Garden.
Fenix Inks WA Iron Ore Offtake Deal with Privately Held 10M

Fenix Inks WA Iron Ore Offtake Deal with Privately Held 10M

The Twin Peaks Direct Shipping Iron Ore Project includes the Woolbung Peak hematite deposit under Exploration Licence 59/2408 and Mining Lease 59/768.
Rio Tinto to Boost Output Capacity at its Newest Iron Ore Mine

Rio Tinto to Boost Output Capacity at its Newest Iron Ore Mine

The planned capacity expansion will be delivered through upgrades to chutes and conveyor belts.
Rio Tinto Cut Output Guidance for Iron Ore Operations

Rio Tinto Cut Output Guidance for Iron Ore Operations

Meantime, the company maintained momentum at its Pilbara iron ore operations during the third quarter of the year.
Jindal Steel Denied Investment in Venezuela's Iron Ore Plant

Jindal Steel Denied Investment in Venezuela's Iron Ore Plant

Also, the country’s information ministry had declined to comment on the development.

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