Iron Ore - Copperbelt Katanga Mining

Ivanhoe Atlantic Clears Environmental Approval for Kon Kweni Iron Ore Project Amid Leadership Transition

March 28, 2026March 28, 2026 Constance0 comment

US-Backed Ivanhoe Atlantic Advances Liberia Iron Ore Project, Secures ESIA Approval and Targets Western Markets Ivanhoe Atlantic Inc., supported by billionaire Robert Friedland, has cleared a major regulatory milestone in Liberia, bringing one of West Africa’s largest untapped iron ore projects closer to production. The company announced that the Government of Liberia has formally accepted its Environmental and Social Impact Assessment (ESIA) for Phase One transport and logistics infrastructure supporting the Kon Kweni ultra-high-grade iron ore project. Prepared by Liberian consultant Earthtime Group and reviewed by Liberia’s Environmental Protection Agency,… Read More Here

Mining in DRC Iron Ore New Mining Projects

DRC Advances $28.9bn MIFOR Iron Ore Project

January 13, 2026January 13, 2026 Constance

DRC Launches $28.9 Billion MIFOR Iron Ore Project to Unlock Up to 20 Billion Tonnes of Reserves The Minister of Mines, Louis Watum Kabamba, presented the Great Eastern Iron Mines (MIFOR) project to the Council of Ministers on Friday, January 9, 2026, along with the governance framework required for its implementation. This strategic initiative represents a major milestone in the industrial development of the Democratic Republic of Congo’s iron ore potential. According to the Minister, the iron ore resources targeted by the project are estimated at between 15 and 20… Read More Here

International Corporate News Iron Ore Transport and Logistics

Ivanhoe Atlantic Secures Liberian Rail Access for Guinea Iron Ore Project

December 22, 2025December 22, 2025 Constance

Ivanhoe Atlantic Gains Key Railway Approval in Liberia, Paving Way for Guinea Iron Ore Mine Ivanhoe Atlantic Inc., a U.S.-based mining company backed by billionaire Robert Friedland, has taken a major step toward developing an iron ore mine in Guinea after Liberia’s lawmakers approved an agreement granting the firm access to an export railway. The Liberian Senate ratified the deal on Thursday, following approval by the House of Representatives last week. The agreement, concluded earlier this year after five years of negotiations, allows Ivanhoe Atlantic to transport iron ore from… Read More Here

International Corporate News Iron Ore

Fortescue Posts 41% Profit Drop Amid Weak Iron-Ore Prices but Eyes Green Energy Growth

August 28, 2025August 28, 2025 Constance

Fortescue FY25 Profit Falls 41% as Iron-Ore Prices Drop; Green Iron Projects Gain Momentum Fortescue Metals, the Australian iron-ore and green energy company, reported a 41% decline in full-year profit as weaker iron-ore prices weighed on revenue, though record shipments and disciplined cost management helped soften the impact. The company posted a net profit after tax of $3.4 billion for the year ending June 30, down from $5.7 billion a year earlier. Revenue fell 15% to $15.5 billion, driven by an 18% drop in the average realized price for hematite… Read More Here

International Iron Ore

Rio Tinto Reports Dip in First-Quarter Iron Ore Shipments

April 17, 2024April 17, 2024 Constance

Rio Tinto, a diversified mining group, has announced a 5% year-on-year decline in first-quarter iron-ore shipments, totaling 78 million tonnes. Weather disruptions at ports and reduced production from certain Western Australian mines contributed to this decrease. Despite the dip, Rio Tinto maintains its full-year expectations for Pilbara iron-ore shipments in 2024, ranging from 323 million to 338 million tonnes, with a unit cash cost of $21.75/t to $23.50/t. Pilbara iron-ore production also saw a modest 2% year-on-year decline to 77.9 million tonnes. Factors contributing to the production decrease include resource… Read More Here

International Iron Ore

Rio Tinto to Launch $20B Mine in Guinea-Conakry in 2024

January 12, 2024January 12, 2024 Constance

Backed by a $20 billion investment, development of the Simandou iron ore mining project will commence this year following anticipated investment approvals from Beijing for the state-owned Chinese partner, Chinalco. Situated in the Simandou mountains in south-eastern Guinea-Conakry, the project represents the largest mining development in the world. The iron ore, rail, and port development project will be developed as a joint venture between global mining group, Rio Tinto, the Guinean government, and multiple Chinese companies. First ore from the project is expected for shipment by 2025, with full production… Read More Here

International Copper Iron Ore

Mining Giant Anglo American to Cut Copper and Iron Ore Production

December 15, 2023December 15, 2023 Constance

Anglo American plans to reduce iron ore and copper output in the near term to lower costs, one of the world’s top mining companies said last week as it fights to boost its share price that has slumped by over 30% this year. After the production, capex, and costs guidance on Friday last week, shares of Anglo American – which produces copper, nickel, platinum group metals, and diamonds, among others – slumped by 6.5% on the London Stock Exchange in the early morning.Year to date, Anglo American’s stock has lost… Read More Here

International Iron Ore

Iron Ore Price Falls Below $100 Per Ton in China this week

May 26, 2023May 26, 2023 Constance

The price of iron ore fell Wednesday 24th May, languishing below $100 a ton, as steel prices crashed in China. A weaker yuan added to the gloomy mood as Shanghai rebar futures hit their lowest level in more than six months. Benchmark fines of 62% Fe imported into North China fell 3.22% to $97.83 a ton, the lowest since November. The most traded iron ore in September on China’s Dalian Commodity Exchange ended the day down 4.6% at 682.50 yuan ($98.74) a ton, hitting its lowest since May 5 at… Read More Here

Iron Ore International

China’s new iron ore buyer sets off biggest shakeup in years

December 19, 2022December 19, 2022 Constance

China is about to upend the $160 billion iron ore trade with the biggest change in years as Beijing expands efforts to increase control over the natural resources needed to feed its economy. A new state-owned company called China Mineral Resources Group is poised to become the world’s biggest iron ore buyer as soon as next year, when it will begin consolidating purchases on behalf of about 20 of the largest Chinese steelmakers including leader China Baowu Steel Group Corp., according to people familiar with the situation. CMRG has already… Read More Here

Iron Ore International

Iron ore price sinks below $100 a tonne on grim China demand outlook

July 16, 2022July 16, 2022 admin

The iron ore price tumbled below $100 a tonne on Friday on heightened fears over waning demand for steel, as China’s economy faltered in the second quarter and a crisis in its property sector appeared to be worsening. China’s economy contracted by 2.6% in the second quarter from the previous quarter due to covid-19 lockdowns. According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $96.04 a tonne, down 4.24% and the lowest since November 2021. The most-traded September iron ore contract on China’s… Read More Here