BHP Billiton (ASX:BHP, NYSE:BBL) is looking to "simplify" its portfolio, potentially spinning-off its non-core assets into a new company.
The Baltic Dry Index, which assesses the price of moving major raw materials by sea, is a leading market indicator.
The United States is far from being the world's biggest producer of iron ore, but it does have a long history of mining the metal.
Poor Chinese steel demand dragged iron ore prices to an eight-month low this week.
Mining.com reported that top iron ore producer Vale SA (NYSE:VALE) will expand operations at its mine in Carajas, Brazil. The mine is currently the world's largest iron-ore complex.
Reuters reported that BHP Billiton plans to raise its production of iron ore this year in an attempt to acquire more of the Chinese market for the metal.
Bloomberg reported that Rio Tinto (NYSE:RIO) has announced record iron ore production for the first quarter of 2014. The increased outputs will add to a rising global surplus, according to Bloomberg.
The Wall Street Journal reported that BHP Billiton Ltd. (ASX:BHP) signaled it may pursue a new wave of asset sales in order to focus on commodities such as iron ore and petroleum, which make up the lion's share of its earnings.
Fancamp Exploration Ltd. (TSXV:FNC) President & CEO, Jean Lafleur, talks about selling off a lot of interests for cash, shares, and royalties and advancing the Magpie asset in 2014.
Champion Iron Mines Ltd. (TSX:CHM) Senior VP Corporate Development, Jeff Hussey, talks about their merger with Mamba Minerals.
Cap-Ex Iron Ore Ltd. (TSXV:CEV) CEO Francois Laurin spoke with the Investing News Network about their Block 103 Iron Ore project on the Labrador Trough, one of the top 20 mining jurisdictions according to the Fraser Institute. He said that the Company recently announced a resource of 7.2 billion tonnes of iron ore over a [...]
New Millennium Iron (TSX:NML) President and CEO, Dean Journeaux, spoke with the Investing News Network during PDAC in Toronto on their iron ore projects in Québec and Labrador the Company's plans for the future.
Bloomberg reported that although iron prices have been falling on weak economic growth from China, a report from Macquarie Group Ltd. (ASX:MQG) suggests the metal could be slated for a price rise.
Reuters Africa reported that South African iron ore producers Assore and Kumba have seen their stocks come back with roughly 3.5 percent gains on spiking iron futures.
Bloomberg reported today that Australia's Port Hedland reported record iron ore shipments to China last month on the back of signs of increased steel production in the Asian nation.
Mining Weekly reported on Friday that according to Wood Mackenzie, China's efforts to make its steel industry more environmentally friendly are not likely to have a short-term impact on iron ore demand.