India's state-owned Coal India has become the preferred bidder for the Gadadharpur iron ore block in Odisha, as it seeks to expand beyond coal into other mineral resources. The auction premium offered was 114.05% of the value of mineral shipments.
Iron ore giant Radiant World is suspected of forging documents, leading banks to freeze its accounts and both Rio Tinto and Vale to stop new cooperation.
Deutsche Bank freezes accounts, two major mines halt new cooperation! $12 billion iron ore trading giant...
West African nation Gabon is seeking to transition to mining to cope with falling oil production.
Guangdong plans to orderly expand financial opening-up and promote futures-spot linkage for key commodities such as iron ore, crude oil, and rubber to enhance bulk commodity pricing influence.
Gabon is advancing mining development, with plans to begin mining operations between 2026 and 2030.
Meanwhile, at the jetty of Zhejiang Guohua Ninghai Power Plant, thermal coal supply is being expedited; the vessel 'Shenhua 505' is scheduled to deliver 44,257 tonnes of coal into the plant's silos.
Ukraine's largest iron ore producer has halted operations after a power grid attack.
Ukrainian mining and metallurgy giant announces production cut due to the Black Sea port blockade.
Minmetals Development disclosed a major asset restructuring proposal to divest 100% of Minmetals Trading for RMB 5.519 billion and acquire 100% of Minmetals Mining and Luzhong Mining for RMB 28.115 billion.
Cedro Mineração announced an investment plan of up to BRL 3.5 billion (approximately $683 million) to raise group capacity to more than 20 million tonnes per year by 2032.
Rio Tinto's $3 billion asset sale has attracted interest from private equity giants including Blackstone and KKR.
Hebei province's steel industry continued to show a pattern of weak supply and demand in July.
Gabon reduces VAT on locally produced and sold rebar from 10% to 3% to boost its steel industry.
BHP and unions fail to resolve pay talks at FWC, with stoppage and port loading suspension at Port Hedland extended to 48 hours.
Ukraine's iron ore exports collapse amid Black Sea port standoff.
On August 4, iron ore prices briefly approached a 13-month low, and the market may face pressure for some high-cost capacity to exit.
The operating reports of the four major miners for Q2 2026 have all been released.