BHP has retained its title as the world’s most valuable mining brand, with a value of US$5.8 billion, according to the latest Mining, Iron & Steel report by business valuation consultancy Brand Finance. The Australian major topped the brand value rankings, which reflect the net economic...
Anglo American has signed a 15-year contract worth US$190 million with Atlas Renewable Energy that will see the latter supply solar energy to the former’s iron ore mining operations in Brazil. The Latin American renewable energy company will supply electricity to the mining giant’s operations through...
Australian mining billionaire and philanthropist Andrew Forrest has acquired an additional 22 million shares in iron ore giant Fortescue Metals Group, taking his personal ownership in the company he founded to 35.3%. Forrest paid US$160.2 million for the shares and now owns over 1.112 billion shares...
Rio Tinto has approved a US$98 million investment to build a solar plant and lithium-ion battery storage system which will power its Koodaideri iron ore mine in the Pilbara region of Western Australia. The 34MW facility will be comprised of an estimated 100,000 panels and is...
Vale SA has announced a sharp decline iron ore output in the final quarter of 2019, which has seen the Brazilian mining giant lose its position as the world’s largest iron ore producer to Rio Tinto. The company reported a 22.4% fall in Q4 iron ore...
Anglo American has reported a 4% rise in total production for the final quarter of 2019, despite a severe drought in Chile pulling back copper production in the last three months of the year. Output from its flagship Los Bronces mine plummeted by 28%, which pulled...
Anglo American will soon return its Minas Rio iron ore mine in Brazil to full capacity after the mining giant was granted a key licence for the use of an expanded tailings dam at the site. Operations at the mine were suspended for eight months last...
Rio Tinto has approved a US$749 million investment in its Greater Tom Price operations, to help sustain production capacity at its iron ore business in the Pilbara region of Western Australia. The Anglo-Australian miner’s investment in the Western Turner Syncline Phase 2 (WTS2) mine will facilitate...
Fortescue Metals Group (FMG) made a record $3.19 billion in profit in the 12 months to end June, enabling it to pay out a bumper dividend of AUS$1.14. Surging iron ore prices over the last year helped the Australian iron ore miner more than double its...
BHP’s chief executive Andrew Mackenzie has warned that the rising tide of nationalist sentiment poses a threat to global economic growth and mining sector profitability, despite the company reporting a 2% rise in underlying profit for the full year 2019 and declaring a record dividend. The...