iron ore

Atlas Iron has hauled its first shipment of iron ore from the Sanjiv Ridge operation in Western Australia ahead of schedule.

Australia’s iron ore exports have declined following port shutdowns in Port Hedland due to cyclone concerns, according to Australian Bureau of Statistics (ABS) data.

Rio Tinto is anticipating another strong year for iron ore in 2021 due to sustained demand from steel producers.

Rio Tinto chief executive officer Jakob Stausholm has flagged greening the company’s operations and repairing relationships with Traditional Owners as key priorities for 2021.

BHP expects iron ore demand will remain strong due to increases in Chinese steelmaker activity.

Fortescue Metals Group has awarded a five-year, $150 million contract for maintenance and shutdown services across its rail and port sites in Western Australia to SRG Global.

Golden West Resources (GWR) has embarked on its maiden iron ore shipment, overcoming wet weather and haulage issues.

Australia’s iron ore resource base is capable of sustaining production for at least six decades, according to the Minerals Council of Australia (MCA).

Fenix Resources has signed a joint venture (JV) agreement with Scorpion Minerals for iron ore tenements that are adjacent to the Iron Ridge project in Western Australia.

Australia’s resources industry has delivered revenue records for iron ore, gold and copper in 2020, according to Australian Bureau of Statistics data.

The price of Australian iron ore fines has moved back above $US150 ($US196.31) per dry metric tonne after sharp falls in recent weeks.

BHP and Rio Tinto have managed the impact of the COVID-19 pandemic to remain two of Australia’s most valuable brands in Brand Finance’s Australia’s 100 report.

Mount Gibson has sold 2.3 metric tonnes of iron ore in the first half of the 2021 financial year ahead of entering a new phase of operations at the Koolan Island mine in Western Australia.

Fortescue Metals Group has signed an $80 million contract at the Solomon Hub and two contracts worth over $13 million at the Iron Bridge project in Western Australia.

BHP has capitalised on a 35 per cent increase in prices for its iron ore mined in the Pilbara by delivering a production record for the second half of 2020.

Prices for Australia’s high-grade iron ore fines have increased this week after data on China’s steel output in 2020 was revealed.

With the United States electing new president Joe Biden, the super nation looks set to re-enter the Paris Agreement, which means Australian iron ore producers are experiencing increased demand for higher grade product. Salomae Haselgrove speaks with three junior companies about their place in this active market.

The Port of Port Hedland in Western Australia has docked its first LNG-fuelled vessel to commence a focus on lower emissions in the maritime industry.

Iron ore prices have climbed to more than $US165 ($215) in the new year but analysts are anticipating that the highs will not extend throughout 2021.

Investment bank UBS has boosted its forecasts for iron ore prices next year by nearly 20 per cent.