iron ore Tag

Anglo American has released positive third quarter results including an increase in production guidance for its Kumba Iron Ore subsidiary. The world’s fifth-largest miner has lifted Kumba’s production guidance by an additional 1 million tonnes (Mt) to between 42-44Mt for 2017. The overall rise is based on...

The world’s number one miner BHP announced increased copper production but a sharp fall in iron ore output as its overall guidance for 2018 remain unchanged. Copper production for Q2 was boosted to 404,000 tonnes by better performance at the Escondida mine, rising 23% on the...

[caption id="attachment_21080" align="alignleft" width="550"] Credit: Rio Tinto[/caption] Rio Tinto (LSE:RIO) (ASX:RIO) has taken a huge step in implementing a driverless train network in its Pilbara iron ore operations. The diversified mining giant completed its first long haul autonomous train journey, controlled by operatives hundreds of kilometres away,...

Fortescue Metals Group chairman Andrew Forrest has announced that CEO Nev Power will step down from the role in February following seven years in charge of the firm. Forrest said that Power’s departure will signal the ‘next chapter’ for Fortescue and the CEO’s decision is consistent...

Rio Tinto (ASX:RIO) announced the official opening of its $338 million Silvergrass iron ore mine at its operations in Western Australia’s Pilbara. The project is the Australian mining giant’s 16th mine in the Pilbara and will produce low-phosphorous ore crucial to Rio’s premium Pilbara Blend product,...