iron ore

An analyst has described last week as the most volatile in history for the iron ore price as it dropped almost $US29/tonne only to then regain more than $US18/tonne to maintain its bright outlook.

Roy Hill has awarded Aqura Technologies a contract to deliver a private 4G mobile network at its iron ore mine in the Pilbara region of Western Australia.

Western Australia’s Pilbara Ports Authority has maintained strong iron ore shipments from Port Hedland during April as prices have surged.

The price of seaborne iron ore has jumped to a record $US230.56 ($294.52) per tonne, just after it surpassed the $US200 per tonne mark.

Copper has topped its record price after reaching $US10,361 ($13,200) per tonne on the London Metal Exchange (LME) last week.

China’s National Development and Reform Commission (NDRC) has suspended economic communications with Australia, which emphasises Beijing’s move away from Australian commodities.

Iron ore prices have hit another record mark, surpassing $US200 ($259) per tonne to outdo last month’s historic high.

Crusader Hose has helped keep Australia’s largest iron ore mines operating by releasing a layflat hose that boasts the highest pressure capacity in the world.

Global iron ore prices have reached their highest prices ever, rising to $US194.50 ($250.80) per tonne on April 28.

GWR Group has enjoyed haulage improvements in recent weeks, with the company expecting the June quarter to be a better reflection of its performance.

Former Australian Prime Minister Kevin Rudd has singled out BHP, Rio Tinto and Fortescue Metals Group for a proposed super profits tax payment.

Venture Minerals is less than two weeks away from commissioning the wet screening plant at the Riley iron ore mine in Tasmania.

Rio Tinto has experienced a tumultuous start to 2021, with cyclone warnings, Indigenous heritage site controversy and restricted labour availability impacting its operations.

GWR Group is set to demerge its Wiluna West gold project in Western Australia and assign the site to proposed subsidiary Western Gold Resources.

Mineral Resources (MinRes) has felt the effect of Western Australia’s COVID-19 border closures during the March quarter as a shortage of haulage drivers meant tonnes of iron ore were left untouched.

Fortescue Metals Group has shipped more than 1.5 billion tonnes of iron ore from its Pilbara operations since 2003, less than three years after boating its billionth tonne from Port Hedland.

Strike Resources has received the go-ahead for its Paulsens East iron ore mine in Western Australia with the Department of Mines, Industry Regulation and Safety (DMIRS) approving a project management plan (PMP).

Australia has recorded its highest ever monthly exports to China with $US13.2 billion ($17.26 billion) worth of goods headed to the Asian country in March.

CITIC is set to strike a deal with Mineralogy chairman Clive Palmer to mine a further one billion tonnes of iron ore in Western Australia.

COVID-19 has greatly impacted the Australian mining sector and the wider capital equipment industry. State lockdowns and the threat of COVID-19 forced many mining companies to make tough decisions regarding health screening and sanitisation, as well as face external pressures such as travel restrictions, fieldwork interruptions and contractual or joint venture obligations.