Rio Tinto has become the latest mining company to launch a large-scale iron ore replenishment drive in Western Australia, after it announced it would spend AUS$2.1 billion to maintain production capacity at two projects. The Anglo-Australian major and its joint venture partners Mitsui & Co and...
Rio Tinto has posted rising iron ore shipments in its second quarter operating report, reflecting a strong environment across the board for the sector. The Anglo-Australian mining giant said it enjoyed a ‘solid’ Q2, with iron ore shipments increasing by 14% year-on-year to 88.5 million tonnes...
Fortescue Metals Group (FMG) has bought a 15% stake in Atlas Iron, along with a cash settled swap of 4.9%, taking its overall interest in the Australian iron ore junior to 19.9%. This aggregate physical and economic interest is enough to block a takeover of Atlas...
Fortescue Metals Group has confirmed it will build a new large-scale iron ore mine in the Pilbara region of Western Australia, as part of its plans to increase the average grade of its iron ore output. The Australian mining giant will spend US$1.27 billion on the...