Owned by BHP Group, the greenfield mine produced an estimated 56 mtpa of iron ore in 2023. The mine will operate until 2047. Buy the profile here. 7. Greater Tom Price Mine. Located in Western Australia, Australia, the Greater Tom Price Mine is owned by Rio Tinto. The surface mine produced an estimated 51.62 mtpa of iron ore in 2023.

China imports 1.1 billion tons of iron ore annually, at a cost in 2021 of about $180 billion. There are about 500 steel mills in China, of which the top 10 companies only contribute 40% of...

Smaller Australian exporters of products like lobster will struggle to quickly find alternative markets to China, analysts say, but iron ore miners have little to be concerned about due to the ...

The Chinese iron ore miner in our backyard. Fortescue Metals Group has already responded to this shift in the iron ore market with the development of the US$3.9 billion Iron Bridge magnetite mine, which will produce 22Mtpa of 67% Fe plus iron ore once fully operational.

The world's biggest mining project, a $20bn iron ore, rail and port development in a remote corner of west Africa, is expected to start this year after a 27-year wait beset by setbacks, scandals ...

SINGAPORE (Reuters) - China's new state iron ore buyer is asserting itself in negotiating deals for the world's biggest steel industry but has yet to help manufacturers struggling with weak demand ...

Citi Research shows non-traditional iron ore supply (from nations other than Australia, Brazil and South America) to China fell from 206m tonnes in 2013 to 109m tonnes in 2015, when average iron ...

Macquarie's iron ore price forecast is for today's fall to be the start of a sustained decline with the price slipping to $140/t later this year and then down to $105/t next year, before ...

Brazilian iron ore mining giant Vale is in talks with the Alcantara Port Terminal on Brazil's northern coast to increase iron ore shipments to China – a move that aligns with China's recent ...

"Quite a few Chinese iron ore miners are planning to come back and reopen their mines," said Pan Guocheng, head of medium-sized miner China Hanking Holdings Ltd <3788.HK>. While low prices led to ...

Miguel, a Mexican iron ore miner, told us Chinese and Korean companies are paying millions of dollars a month to the Knights Templar cartel. LC. by Laurence Cuvillier. June 25, 2014, 6:15pm.

The world's top consumer of commodities, including copper and iron ore, China and its regulators, play a key role in any global resources combination. ... China's major miners have waded into mega mergers before. Aluminum of China, known as Chinalco, took a stake in Rio Tinto during BHP's ultimately unsuccessful 2007-2008 …

Iron Ore decreased 34.66 USD/MT or 25.42% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. ... Iron ore prices refer to Iron Ore Fine China Import 62 percent grade Spot Cost and Freight for the delivery at the Chinese port of Tianjin. Is used to make steel ...

Dataigou Mine in Liaoning, was the largest iron ore-producing mine in China, producing approximately 21.4 million tonnes of iron ore and an estimated 25.2 million metric tons per annum (mmtpa) of Run-of-Mine (ROM) in 2021. The Dataigou Mine is owned by Glory Harvest Group Holdings Limited. The second largest iron ore-producing mine with an …

China is the world's largest importer of iron ore, with imports exceeding 917 million tonnes in the first 10 months of 2022. China's major steelmaker Ansteel broke ground on a 22.9-billion-yuan underground iron ore mine project in northeast China's …

China Mineral Resources Group Co., the buying agency set up to increase Beijing's clout in iron ore, is in negotiations with Rio Tinto Group and other leading miners over next year's supply ...

Miners like Zijin Mining, China Minmetals and others are likely to examine closely a deal that creates the world's top copper producer, Bloomberg says. ... But state iron ore buyer China Mineral ...

Chinese steelmakers have turned to cheaper, better quality iron ore, further damaging returns for domestic miners. By the year-end, Chinese miners may supply only about 10 per cent of the iron ore ...

The vessel Vittoria loaded with iron ore from a mine in Western Australia arrived at Rizhao Port, China's major iron ore trading port, two weeks after departing Port Hedland, BHP said. Shandong Port Group Co, the operator of Rizhao Port, said carrying out yuan settlement for spot trades at ports will also reduce the use of the greenback amid ...

India's government has turned down a request from state-owned iron ore miner NMDC Ltd to export its ore to China, the world's largest iron ore consumer, three sources with direct knowledge said. ... -January 17, 2024 at 07:35 am EST - MarketScreener

The five largest iron ore mines, i.e., Dataigou Mine, Yuanjiacun Project, Qidashan Mine, Hujiamiaozi (Anqian Mining) Mine, and Sijiaying North Mine, cumulatively produced approximately 58 million tonnes of iron ore, 76.25 mmtpa of ROM in 2021.

Earlier this month, the government announced the $676 million high-grade iron ore mining deal with Sinosteel Cam S.A., a Cameroonian subsidiary of the state-owned Chinese miner.

BHP, the world's third-largest iron ore miner behind Rio Tinto, opens new tab and Brazil's Vale, opens new tab, is so far sanguine about the prospect of a unified Chinese purchasing system.

The world's biggest iron ore miner is on track to deliver up to 335 million tonnes of ore this year – it would be its second-highest year of production (it shipped 338 million tonnes in 2018) if ...

In 2020, the average price of China's imported iron ore came to approximately $101.65 per ton, a year-on-year increase of 7.2%. With rises in both the quantity and price of imported ore, the Big Four once again made plans based on …

China Mineral Resources Group (CMRG), a new state-owned agency, is set to be the world's biggest iron ore buyer as soon as next year, when it will start buying for about 20 of the largest Chinese ...

As Tony Boyd calculated in the Chanticleer column, with iron ore at about US$160 a tonne, Australian exports are bringing about $585 million a day into the country from China, a windfall for the ...

According to GlobalData, China is the world's third-largest producer of iron ore in 2023, with output up by 2% on 2022. Over the five years to 2022, production from China increased by a CAGR of 3% and is expected to drop by a CAGR of 0.18% …

September 16, 2021. Here are the five largest iron ore mines by production in China, according to GlobalData's mining database. 1. Dataigou Mine. The Dataigou Mine is a underground mine located in Liaoning. It is owned by Glory Harvest Group and …

Australia's iron ore miners face falling Chinese demand Australia is the world's largest exporter of iron ore, the key raw material used to make steel, and it shipped about 930 million metric ...