Iron ore is bouncing back to start 2022, with seaborne prices reaching three-month highs last week. But will the surge remain, or is it just a flash in the pan for the commodity giant?
Iron ore on the mend as price reaches three-month high
Iron ore is enjoying a positive start to 2022 as seaborne prices surpassed $US130 ($178.5) per dry metric tonne (dmt) for the first time in three months this week. Read more
Embracing the green steel phenomenon
Steelmakers are becoming more discerning on their path towards a net-zero future, and low grade or less sustainable iron ore producers risk being left out in the cold.
Fortescue exploring Belinga iron ore mine in Africa
Fortescue has entered into an agreement with the Gabon Government to study the potential of the Belinga iron ore project in the African nation.
Fortescue to test digital iron ore sales platform
Fortescue Metals Group is exploring new sales avenues for its iron ore after inking a preliminary deal with Australian technology company GLX Digital to trial its GLX Connect trading platform.
MinRes, Hancock explore Pilbara infrastructure developments
Mineral Resources (MinRes) and Hancock Prospecting have teamed up to investigate the development of a new iron ore export facility at Port Hedland’s South West Creek in Western Australia.
Iron ore reaches $US100 as pollution hits steelmakers
A rise in iron ore prices has been marred by the advent of emergency restrictions on Chinese steel producers in Tangshan – one of the country’s primary steelmaking hubs.
Magnetite Mines to solidify Razorback energy supply
Magnetite Mines hopes to enhance the energy capacity of its Razorback iron ore project in South Australia after applying for a 132,000-volt transmission line to be built from Robertstown to the operation.
Hancock takes the Mt Bevan plunge
Hancock Prospecting is looking to expand its iron ore portfolio by earning into the Mt Bevan project in the Central Yilgarn region of Western Australia. Read more
Fortescue consolidates costs as iron ore shipments peak
Fortescue Metals Group achieved record iron ore shipments of 45.6 million tonnes for the September quarter as the company maintained a low cost profile during the three-month period.