Anglo American has rejected a third unsolicited takeover proposal from rival miner BHP but has agreed to extend the PUSU deadline to May 29. The latest bid included the same highly complex structure as the previously rejected proposals, which involved an all-share offer with a requirement for Anglo American to complete two separate demergers of its entire shareholdings in Anglo…
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The Government of Canada has awarded Rio Tinto Iron Ore Company of Canada (IOC) C$18.1 million to support the decarbonization of iron ore processing at its operations in Labrador West. Full story.
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Vale SA and BHP, along with the pair’s Samarco iron ore joint venture, must pay 47.6 billion reais, or US$9.67 billion, for damages sustained in the Samarco Fundao tailings dam burst in Mariana, Brazil more than eight years ago. According to reports from Bloomberg and Reuters, the legal decision regarding the November 2015 incident that killed 19 was made 25…
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Australia’s Fortescue Metals Group said it will cooperate with Chinese authorities to resolve unusual customs delays of two iron ore shipments at the Caofeidian Port in Tangshan, reported Reuters. “We will just work through with the relevant port authorities to understand what they need, such that we clear the cargoes as soon as possible,” Vivienne Tieu, director of Sales, Marketing…
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Rio Tinto has reportedly stopped some production at its Nammuldi iron ore mine site in Western Australia after an Indigenous rock shelter was damaged. Read the full story here.
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BHP recently celebrated the shipment of 3 billion tonnes of high-quality iron ore to China by hosting key customer representatives at its Pilbara and Port Hedland operations in Western Australia, and at a gala event in Perth. Read the full story here.
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Canadian miner Baffinland Iron Mines has entered a memorandum of understanding (MoU) with thyssenkrupp Steel Europe AG to expedite the development of high-quality feedstock for green and low-carbon steel production.
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NCC confirmed it was commissioned by LKAB for the raising of dam walls at its site in Kiruna, Sweden for long-term ore tailings storage. Under the SEK 170 million (US$15.9 million) deal, NCC will raise walls on two sections of the tailings dam at the Kiruna mine’s industrial site in 2023 and 2024. The contract includes foundation work on the…
Read MoreRio Tinto has reportedly restarted rail line operations in Western Australia after an iron ore train derailed the weekend of June 24. Full story.
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Rio Tinto said it will invest US$395 million in a desalination plant in Western Australia to support future water supply for the company’s coastal operations and communities in the Pilbara region. Read more.
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