Indian Steel Exchange Ltd. has formalized a procurement agreement with the National Mineral Development Corporation to source iron ore from its Visakhapatnam operations.
South Korean carrier Hyundai Merchant Marine has entered into a quarter-century maritime transport agreement with Brazilian miner Vale.
A London court has granted an asset freeze targeting iron ore trader Radiant World following a legal application by a Jefferies-managed investment vehicle.
A newly operational mineral processing complex in Anshan has been recognized as the world’s largest facility, introducing advanced techniques to economically extract value from low-grade iron deposits.
Hyundai Steel and POSCO have commenced construction on a collaborative steelmaking facility in the United States designed to circumvent import duties.
Usiminas indefinitely suspends operations at its Samambaia iron ore mine as surging maritime freight costs undermine shipment economics and highlight logistics-driven supply risks in Brazil.
Hancock Prospecting has acknowledged job cuts at its Roy Hill iron ore operation as it phases in a driverless haulage system.
FLSmidth and Lloyds Metals have entered a comprehensive agreement to establish a joint maintenance facility aimed at supporting iron ore operations.
Commodity giant Glencore has recorded a roughly $480 million provision to cover potential losses linked to its financial exposure to iron ore merchant Radiant World.
Anglo American has officially brought a new renewable energy installation online at its South African operations to lower grid-dependent power expenditures.
Hainan Mining has pushed back the operational readiness date for its iron ore mining and processing complex by six months, citing ongoing underground construction progress.
Singaporean law enforcement has launched an investigation into iron ore merchant Radiant World, prompting several financial institutions to reduce their exposure to the firm.
International financial institutions have frozen accounts and suspended operations linked to iron ore trader Radiant World following allegations of fraudulent financing activities.
Blackrock Minerals has acquired full control of the Ophthalmia iron ore asset following Polaris Metals' exit, clearing associated debt obligations while preserving joint development plans for the Marillana project.
A report on Ukraine's metallurgy sector describes a deepening crisis, citing a production halt at Poltava GOK and continued strain on the country's iron ore exports.
South Africa's Exxaro Resources expects headline earnings per share to fall 18%-23% year on year in H1 2026 due to a stronger rand, above-inflation input costs, and weaker equity-accounted contributions from Sishen Iron Ore Company and Black Mountain Mining.
Based on second-quarter earnings reports from mining companies, global iron ore production is expected to continue growing in H2 2026, with the full-year supply increase mainly coming from Simandou project capacity release and steady output growth from the four major miners.
BHP's union workers at Port Hedland have once again halted work.