Australian iron ore major Fortescue Metals Group (ASX: FMG) said on Friday it would re-evaluate an expansion plan at one of its iron ore mines in the Pilbara region, after an Indigenous group said the project threatened sacred sites, including a 60,000-year-old rock shelter.
News ID: 9811 Publish Date : 2020/08/09
Rio Tinto Group (ASX: RIO) lifted its spending on new iron ore projects in Australia to more than $4 billion with the approval of a replacement mine at a key hub, providing a further sign of the industry’s confidence in demand led by China.
News ID: 7858 Publish Date : 2019/11/28
Rio Tinto Group lifted its spending on new iron ore projects in Australia to more than $4 billion with the approval of a replacement mine at a key hub, providing a further sign of the industry’s confidence in demand led by China.
News ID: 7633 Publish Date : 2019/11/30
A China-backed joint venture between Guinea’s Societe Miniere de Boke (SMB) and Singapore’s Winning International Group scored a big win in the iron ore world after securing on Wednesday rights to develop the northern area of Simandou, one of the world’s largest untapped deposits of the steelmaking ingredient.
News ID: 7600 Publish Date : 2019/11/13
Australia’s Fortescue Metals Group Ltd nearly doubled its cash on hand in the third quarter after buoyant prices and a move into premium products raised the prices it received for its iron ore.
News ID: 7144 Publish Date : 2019/10/25
Australia’s Fortescue Metals Group (ASX:FMG) has confirmed its interest in a slice of the giant Simandou iron ore deposit, handed back this year to the Guinean government by billionaire Beny Steinmetz’s BSG Resources.
News ID: 6741 Publish Date : 2019/10/08
China is looking beyond current suppliers like Australia to procure raw materials in future as its steel demand continues to grow, the chief executive of the world’s No. 4 iron ore producer Fortescue Metals Group warned on Thursday.
News ID: 6732 Publish Date : 2019/10/10
Fortescue Metals Group - world's 4th largest iron ore producer has reduced the sub-grade iron ore discount for SSF (super special fines) for Jul’19. SteelMint has learned from the market participants that FMG lowered its discount stable for SSF low-grade fines for the month of Jul’19 to 7% from 11% in Jun’19.
News ID: 4956 Publish Date : 2019/07/01
Fortescue Metals Group - world's 4th largest iron ore producer has kept the sub-grade iron ore discount for SSF (super special fines) unchanged. SteelMint has learned from the market participants that FMG has kept the discount stable for SSF low-grade fines for the month of June’19 to 11% in line with May’19.
News ID: 4646 Publish Date : 2019/05/27
World’s second largest miner Rio Tinto said Monday it will begin developing its Koodaideri iron ore mine in Western Australia's Pilbara region next year, highlighting parallel plans to de-bottleneck rail capacity, which should increase it to 360 million tonnes per annum (mtpa) in 2019.
News ID: 2134 Publish Date : 2018/06/25